Markets were lower today as Apple & Tesla made new lows and caused the S&P 500 Index to drop. Volume was low and most investors cannot make a decision to Buy or Sell.
End of Tax Selling BOTTOM FISHERS for this week (up or out, if they don’t bounce up today or Wednesday, Dump them): AMC ARKK BBBY BOIL F LCID MARA PLTR RBLX TARK TSLA TSLL.
Eventually the high Interest Rates will cause Inflation to slow down, and the FED should stop tightening.
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.
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ETF SECTOR ROTATION SYSTEM The 4th quarter ending last Friday and the System Sold the 5 current positions SPY QQQ XLU XLE & SLV on the Close.
These will be replaced on the Close today with XLU Utilities Fund, XLE Energy Fund, XLF Financial Fund, XLV Health Care Fund, and SLV Silver Fund. (Or you can swap SPY and QQQ for XLF and XLV, and try to have 20% of the account value in each of the 5 Funds).
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BUYS TODAY 1/3/2023
TOUR TUNIU CORP. Money Wave Buy Signal today, but TOUR will not be Bought or Logged as it is already up 20% today.
X US STEEL CORP. Money Wave Buy Signal today, but X will not be Bought or Logged as the Volume is below average of 8.2 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
AEHR AEHR TESTING SYSTEMS Wait for Money Wave Close > 20 with High Volume.
CAH CARDINAL HEALTH Wait for Money Wave Close > 20 with High Volume.
EWW MEXICO FUND Wait for Money Wave Close > 20 with High Volume.
FSLR FIRST SOLAR INC. Buy above $150.48 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
GGB GERDAU USA 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
ASO ACADEMY SPORTS & OUTDOOR Slipped below the Buy Price and was Stopped Out even.
DHT DHT HOLDINGS EXIT if it is going to Close below Support of $8.84. This trade was not logged.
LLY ELI LILLY INC. EXIT if it is going to Close below the Pink Line around $364.46.
YPF YPF SOCIEDAD EXIT if it is going to Close below the Pink Line around $8.79. The Target was already Hit for a 16.5 % Gain.
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DAY TRADING SETUPS. Look for Triple Buy Pops (3 Green Circles). Movers today: LABD (+7%) TOUR (+19%) & SOXS (+5%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up sharply today but are Way Below the Green Line.
Crude Oil was down $3.13 today at $77.13.
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.
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