Markets “Gapped Up” sharply today as the Inflation numbers finally dropped. This is the Media story that we have been waiting for, when Dumb Money finally decides that Inflation has peaked (but the DOW 30 Index has already bounced up 5000 points). Bonds like the lower inflation news and are moving back up towards the 50-day average, but that should be short term Resistance.
The strongest Index is the DOW 30 INDEX is up well Above the Green Line and now over-bought. The other major Indices are weaker and are still below the Green Lines.
We are waiting for the US Dollar and long Rates to correct back down towards the Green Lines. Thank you for being patient.
BUYS TODAY 11/10/2022 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.
PSQ INVERSE NASDAQ 100 FUND Slipped below the Buy Price of $14.53 and was Stopped Out. This trade was not logged.
TBT INVERSE T-BOND FUND Slipped below the Buy Price of $35.98 and was Stopped Out. This trade was not logged.
Bonds were up sharply today but are Way Below the Green Line.
Crude Oil was up $0.44 today at $86.27.
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 Nov 1, 2022
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.