Markets were mostly higher today, but the Big Tech and Semiconductors have not bounced yet. Most are waiting to see if Tech drop is over for a while. The number of Stocks in the Green Zone is huge. We did not get to adding AMD NVDA BOTZ CLSK TSLA XLC XLK XLY & PHM to the large WATCH LIST. Only the DOW 30 was able to make higher highs today. The S&P 500 & NASDAQ 100 now need to bounce up off the Pink Lines (10-day averages) to avoid short term Sell Signals.
Most of the Leaders are now back down in the Green Zones (probably too late to Sell for the short term). Please be patient and wait for more Buy Signals in the Green Zones. 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 7/24/2023
AAOI ADVANCED OPTOELECTRONICS Money Wave Buy Signal today but AAOI will not be Bought or Logged as it is already up 8 % today.
RDFN REDFIN CORP. Money Wave Buy Signal today, but RDFN will not be Bought or Logged as it is already up 10 % today. Maybe you got some earlier on the Triple Buy Signal.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
EOSE EOS ENERGY ENTERPRISES Wait for Daily Money Wave Close > 20 with High Volume.
HUT HUT 8 MINING Wait for Daily Money Wave Close > 20 with High Volume.
QQQ NASDAQ 100 FUND Wait for Daily Money Wave Close > 20 with High Volume.
SMH SEMICONDUCTOR FUND Wait for Daily Money Wave Close > 20 with High Volume.
SHOP SHOPIFY INC. Wait for Daily 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.
BUYS SOON
META META PLATFORMS Wait for Daily Money Wave Close > 20 with High Volume.
MGNI MAGNITE INC. Wait for Daily 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.
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.
SELLS TODAY
TMC THE METALS COMPANY Gapped Down on Bad News. Lower Sell Stop Loss below $1.21 until it bottoms. Target $2.05.
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DAY TRADING SETUPS. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications. Also follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: AMCL (+34%) RDFN (+10%) & LABD (+6%). Try out the 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 $1.83 today at $78.90.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
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ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Jul 1, 2023
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
TMC down 30%, ouch.. but at least, I already learnt my lesson in the past to put a significantly smaller dollar amounts into penny stock trades compared to regular trades, even if their chart patterns initially look just as good.
Yes, Bad News on TMC today, but at least it Closed on the Green Line ($1.38). TMC recently made new highs at $3.20 this month, so let’s see if it can fill today’s Gap so we can EXIT gracefully (on no FEAR).
Thanks for writing!
TMC Chart
Hello Volodymyr Gelfand, Did TMC show three green circles on the charts on 7/24? Mine doesn’t show it above the 10-MA. I suppose if you took the opening hour’s spike above the 10-MA on 7/21(Friday) it could show 3 green circles. It looks like if you had set the stop-loss below the $1.84, or below $1.82 lows of previous days it would have taken you out three times during 7/21. I was actually waiting to get in using the regular swing trade rules. GTS.
https://schrts.co/XJyjqBIF
Hi GT. The original Sell Stop on TMC was a Close below $1.65.
Thanks for writing.
TMC chart