Money Wave Alert! Jan 20, 2023

Markets were higher today as the major Indices and Leaders are going back up to retest Wednesday’s High. The NASDAQ 100 Index was able to bounce up off the Pink Line (10-day avg.) to avoid a short term Sell Signal. 

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). 

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BUYS TODAY   1/20/2023    

TAL      TAL EDUCATION GROUP      Money Wave Buy today, but TAL will not be Bought or Logged as the Volume is below average of 10.8 MIL.   

BUYS TOMORROW                

ROIV      ROIVANT SCIENCES LTD      Wait for Money Wave Close > 20 with High Volume.   

SARK      INVERSE ARKK INNOVATION FUND      Wait for a possible Buy Alert on Monday.

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             

FCX      FREEPORT MCMORAN COPPER      Money Wave must Close in the Green Zone.   

TEVA      TEVA PHARMA      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.   

SELLS TODAY      NONE TODAY 

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DAY TRADING SETUPS.  Look for Triple Buy Pops (3 Green Circles). Movers today:  MARA (+7%) TQQQ (+8%) TARK (+10%) & SOXL (+8%). ( Try out the New Side by Side layout.      

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were down again today and are Below the Green Line.  

Crude Oil was up $1.15 today at $81.76.

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 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.       

 

HAVE A NICE WEEKEND!