Markets were mixed today on very low trading Volume. Banks were steady and there were several Money Wave Buy Signals today (see below). But the low Buying Volume is creepy, and we are happy with a Money Fund at 4.6% 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.
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BUYS TODAY 5/8/2023
BBVA BANCO BILBAO ARGENTINA Money Wave Buy today, but BBVA will not be Bought or Logged as the Volume is below average of 2.1 MIL.
CROX CROCS INC. Money Wave Buy today, but CROX will not be Bought or Logged as the Volume is below average of 1.65 MIL.
EDU NEW ORIENTAL EDUCATION Money Wave Buy today, but EDU will not be Bought or Logged as the Volume is below average of 1.9 MIL.
TECK TECK RESOURCES INC. Money Wave Buy today, but TECK will not be Bought or Logged as the Volume is below average of 5.4 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
IQ IQIYI INC Buy above $6.26 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
LVS LAS VEGAS SANDS CORP. Buy above the Pink Line around $62.57 with High Volume with a 3% Trailing Sell Stop Loss below it.
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
ARDX ARDELYX INC. EXIT if it Closes below Support of $4.37. The Target was already Hit at $4.90 for a 5.4 % Gain. This trade was not logged.
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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: AMD (+6%) CCL (+7%) & UNG (+6%). 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 $1.52 today at $72.86.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
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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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