Markets were sharply higher today as the weak Regional Banks bounced up from being very over sold. Big Tech Stocks were strong, but the Buying Volume was not great. The NASDAQ 100 Index is right up near last week’s high.
Now the the S&P 500 and the DOW 30 Indices need to make higher highs than last week for this rally to continue.
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.
BUYS TODAY 5/5/2023 NONE TODAY
BBVA BANCO BILBAO ARGENTINA Wait for Money Wave Close > 20 with High Volume.
CROX CROCS INC. Wait for Money Wave Close > 20 with High Volume.
IQ IQIYI INC Buy above $6.26 with High Volume with a 3% Trailing Sell Stop Loss below it.
TECK TECK RESOURCES 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.
EDU NEW ORIENTAL EDUCATION Wait for Money Wave Close > 20 with High Volume.
LVS LAS VEGAS SANDS CORP. Money Wave must Close in the Green Zone.
Please be patient and Wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
ALDX ALDEYRA THERA. Target was Hit at $10.5 for a 10.2 % Gain. This trade was not logged.
ARDX ARDELYX INC. Target was Hit at $4.90 for a 5.4 % Gain. This trade was not logged.
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: RIOT (+7%) TSLL (+9%) & TARK (+9%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today and are Below the Green Line.
Crude Oil was up $2.94 today at $71.36.
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 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.
HAVE A NICE WEEKEND!
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