Markets were lower today as the major Indices and Leaders were over-bought and back up in the Red Zones (probably too late to Buy for the short term), The S&P 500 Index should bounce up near the Pink Line (10-day avg.) to avoid a short term Sell Signal. Several Stocks on the CURRENT POSITIONS list will probably get Stopped Out today.
Long Term Interest Rates have dropped enough where they should bounce up soon, and Stocks probably won’t like that. FEAR has also disappeared,
Please be patient and wait for Buy Signals for that are still Above the Green Lines. BUYS SOON – CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone (now in Red Zone).
BUYS TODAY 1/18/2023
PSQ INVERSE NASDAQ 100 FUND Money Wave Buy today. Target is $15.05. EXIT if it Closes below $13.78.
TSLQ INVERSE TESLA FUND Money Wave Buy today. Target is $90. EXIT if it Closes below $69.62.
SARK INVERSE ARKK INNOVATION FUND Wait for Money Wave Close > 20 with High Volume.
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.
TAL TAL EDUCATION GROUP Wait for Money Wave Close > 20 with High Volume.
Please be patient and Wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
DIA DOW 30 FUND EXIT if it is going to Close below the Pink Line around $339.92.
KIE INSURANCE FUND EXIT if it is going to Close below the Pink Line around $42.07. The Target was already Hit for a 4.7 % Gain.
PDD PINDUODUO INC, EXIT if it is going to Close below the Pink Line around $94.07. The Target was already Hit for a 16.2 % Gain.
SBUX STARBUCKS CORP. EXIT if it is going to Close below the Pink Line around $105.78. The Target was already Hit for a 6.4 % Gain.
TBT INVERSE T_BOND FUND (2X) LOWER the Sell Stop Loss below the Green Line of $27.23 until it bottoms.
XLI INDUSTRIAL FUND EXIT if it is going to Close below the Pink Line around $100.87. The Target was already Hit for a 3 % Gain.
XME METALS & MINING FUND Target Hit at $56.50 for a 2 % loss. (* includes a $0.76 Dividend adj.)
DAY TRADING SETUPS. Look for Triple Buy Pops (3 Green Circles). Movers today: BBBY (+10%) TZA (+5%) & SOXS (+5%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Below the Green Line.
Crude Oil was up $1.17 today at $81.03.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Jan 2 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.
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