Money Wave Alert! Jan 31, 2023

Markets were higher today as the Indices are retesting  last week’s highs again, 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. 

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BUYS TODAY   1/31/2023    

SMMT      SUMMIT THERA. PLC      Money Wave Buy Signal today, but SMMT will not be bought or Logged as it is already up 12 % today. Maybe you got some on the Triple Buy Signal.

TECK      TECK RESOURCES LTD.      Money Wave Buy Signal today, but TECK will not be bought or Logged as it is already up 5 % today. Maybe you got some on the Triple Buy Signal.

BUYS TOMORROW                

ARDX      ARDELYX INC.      Wait for Money Wave Close > 20 with High Volume. 

GDX      GOLD MINERS FUND      Wait for Money Wave Close > 20 with High Volume.

ROIV      ROIVANT SCIENCES LTD      Buy above $8.79 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            

PSQ       INVERSE NASDAQ 100 FUND      Wait for a Close Above the Pink Line (10-day avg.) around $13.67.      

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

UAL      UNITED AIRLINES INC.      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      

TAL      TAL EDUCATION GROUP      EXIT if it is going to Close below Support of $7.31. This trade was not logged.     

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DAY TRADING SETUPS.  Look for Triple Buy Pops (3 Green Circles). Movers today:  LABU (+6%) SMMT (+12%) & TARK (+8%).  ( 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 up $1.19 today at $79.09.

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.