Markets were higher today as the strongest Leaders are retesting the recent High. The Big Tech NASDAQ 100 Fund and Semiconductors do not have as much power today. The S&P 500 Index is up near highs but is struggling to punch thru.
The Leaders and Indices are currently over bought and up in the Red Zones (probably too late to Buy for the short term). Volume has been very low, so be patient and WAIT for Buy Signals..
Please be patient and wait for Buy Signals for ones 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.
New TOP 100 LIST Updated Jun 1, 2023
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BUYS TODAY 6/1/2023
ARDX ARDELYX INC. Money Wave Buy today, but ARDX will not be Bought or Logged as the Volume is below average of 5.7 MIL.
DKNG DRAFTKINGS INC. Money Wave Buy today, but DKNG will not be Bought or Logged as it is already up 6% today. Maybe you got some earlier on the Triple Buy Signal.
GFI GOLD FIELDS LTD. Moved above $15.40 today, but the Volume was not High. AVOID.
HMY HARMONY GOLD MINING Moved above $4.80 today, but the Volume was not High. AVOID.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk
BUYS TOMORROW
TIO TINGO GROUP INC. 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.
BUYS SOON NONE TODAY
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
TSLQ INVERSE TESLA FUND Tesla Stock is closing Above the Green Line today, so we would normally Stop Out of TSLQ today. But Tesla Stock is up in the Red Zone, so we will LOWER the Sell Stop on TSLQ to $40. Then we will probably EXIT TSLQ next time it is up in the Red Zone.
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DAY TRADING SETUPS. We have a new Discord Site for Live Chatting. Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: TIO (+12%) UPST (+12%) SOXL (+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 $2.01 today at $70.10.
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 Jun 1, 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.
Related Post
– ARDX