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February 3, 2023

Money Wave Alert! Feb 3, 2023

QQQ Chart
The NASDAQ 100 Fund is finally back Above the Green Line.

Markets were lower today on mild profit taking. Emotions have become very high from FOMO (Fear of Missing Out).

The S&P 500, Small Caps, and NASDAQ 100 Indices made higher highs, but the Leaders and Indices are back up in the Red Zones (probably too late to Buy for the short term). The Market has not pulled back yet enough recently to get any good Money Wave Buy Signals (Greed is too High).. 

Please be patient and wait for Buy Signals for that are still Above the Green Lines.  SOON – CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone. 

_________________________________________________________________________________________________________________

BUYS TODAY   2/3/2023    

VRNA      VERONA PHARMA PLC      Money Wave Buy Signal today, but VRNA will not be Bought or Logged as the Volume is below average of 1.1 MIL. 

 

BUYS TOMORROW                   

TCOM      TRIP.COM GROUP      Wait for Money Wave Close > 20 with High Volume.     

ROIV      ROIVANT SCIENCES LTD      Buy above the Pink Line around $8.30 with High Volume with a 3% Trailing Sell Stop Loss below it. 

Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.  

BUYS SOON            

SLB      SCHLUMBEGER LTD      Wait for Money Wave Close > 20 with High Volume.

TSLQ      INVERSE TESLA FUND      Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).     

VALE      VALE STEEL      Money Wave must Close in the Green Zone.

Please be patient and Wait for Money Wave Buy Signals.  We will email you when they are ready. Follow on the WATCH LIST.   

SELLS TODAY      

EWW      MEXICO FUND      Stopped Out yesterday when it Closed below the Pink Line of $57.88. The Target was already Hit for a 2.3% Gain

GDX      GOLD MINERS FUND      EXIT if it is going to Close below Support of $31.53. This trade was not logged.     EWW      MEXICO FUND

SMMT      SUMMIT THERA.       Gapped down below the Buy Price and was Stopped Out. This trade was not logged. 

________________________________________________________________________

DAY TRADING SETUPS.  Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today:  AMC (+10%) UPST (+26%) SOXL (+6%) & SQQQ (+6%).  ( Try out the New Side by Side layout.      

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were down today and are Below the Green Line.  

Crude Oil was down $2.71 today at $73.17.

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM   
New TOP 100 LIST Updated Feb 1, 2023

Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone). Don’t Buy if the Security has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 % move in a few days.

We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.

Posted By AbovetheGreenLine at 2:49 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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