Markets were lower today on normal profit taking by the Big Tech NASDAQ 100 Fund and Semiconductors. The S&P 500 Index is up near highs but is struggling to punch thru.
Most of the Leaders and Indices were up in the Red Zones (probably too late to Buy for the short term) but are coming down now for Buy Signals soon.
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 5/31/2023 NONE TODAY
BUYS TOMORROW
ARDX ARDELYX INC. Wait for Money Wave Close > 20 with High Volume.
DKNG DRAFTKINGS INC. Wait for Money Wave Close > 20 with High Volume.
GFI GOLD FIELDS LTD. Buy above $15.40 with High Volume with a 3% Trailing Sell Stop Loss below it.
HMY HARMONY GOLD MINING Buy above $4.80 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
TIO TINGO GROUP INC. Wait for Money Wave Close > 20 with High Volume. SHOP SHOPIFY INC.
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
SHOP SHOPIFY INC. LOWER Sell Stop below $56 until it bottoms.
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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: TGTX (+6%) RBLX (+6%) SOXS (+7%). 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 down $1.51 today at $67.95.
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 May 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.
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