MARKETS ARE BE CLOSED TODAY FOR FEDERAL HOLIDAY.
Well it lo0ks like the FED has been Printing again, since March. The Bank Term Funding Program (BTFP) is a new lending facility the Fed launched in March in response to the crisis around Silicon Valley Bank. The BTFP has quickly risen above $100 billion. The S&P 500 has been rising in sync with the increase in the BTFP program.
As of March 15, 2023, the Federal Reserve’s balance sheet expanded by $297 billion to $8.63 trillion, reaching the highest amount since November 2022. As a result, the Federal Reserve’s stated intention to reduce its balance sheet likely will be put on hold. One explanation of the surge in stocks has been the combination of bank bailout (liquidity), seasonal tailwinds, and AI hype — meeting excess pessimism and Short Covering.
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..
BUYS TODAY 6/19/2023 NONE TODAY
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.
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
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: YPF (+7%) MARA (+6%) & LABD (+5%). Try out the Side by Side layout.
Bonds were up today but are Below the Green Line.
Crude Oil was up $1.15 today at $71.30.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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.