Markets were lower today on more mild profit taking with the Leaders. The S&P 500 & NASDAQ 100 Funds are trying to hold above the Pink Lines (10-day avgs.) to avoid short term Sell Signals. These should try the highs again, soon.
The Leaders and Indices were 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.
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BUYS TODAY 6/21/2023
ASRT ASSERTIO HOLDINGS Moved up above $6.30 today, but the Volume was not High. AVOID.
DKNG DRAFTKINGS INC. Money Wave Buy Signal today, but DKNG will not be Bought or Logged as the Volume is below average of 12 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
CRVS CORVUS PHARMA. Wait for Money Wave Close > 20 with High Volume.
IONQ IONQ 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
AMD ADVANCED MICRO Wait for Money Wave Close > 20 with High Volume.
MVIS MICROVISION INC. Wait for Money Wave Close > 20 with High Volume.
SMCI SUPER MICRO COMPUTER 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
CX CEMEX SA EXIT if it is going to Close below the Pink Line around $7.06. The Target was already Hit for an 8.3% Gain.
MRVL MARVELL TECH. Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!)
SHOP SHOPIFY INC. EXIT if it is going to Close below the Pink Line around $63.35. The Target was already Hit for an 8% Gain.
SMH SEMICONDUCTOR FUND EXIT if it is going to Close below the Pink Line around $150.84. The Target was already Hit for a 6% Gain.
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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: BITO (+7%) MARA (+8%) & RIOT (+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 $1.41 today at $72.60.
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.