Markets were slightly higher today as Crude Oil and the Metals were up sharply. The over-bought US Dollar gapped down today which helped many stock sectors.
The strongest Index is the DOW 30 INDEX, and it was able to bounce back up above the Pink Line (10-day avg.) to avoid a short term Sell Signal. Markets are relieving the over-bought condition from the late October rally. There is only 2 Leaders in the Green Zone at this time. Most of the Leaders were quickly back up in the Red Zones (probably too late to Buy for the short term).
We are waiting for the US Dollar and long Rates to correct back down towards the Green Lines. Thank you for being patient. .
Please be patient and wait for Buy Signals for that are still Above the Green Lines. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 11/4/2022
IBN ICICI BANK Money Wave Buy Signal today, but ICN will not be Bought or Logged as the Relative Strength has dropped below 90. AVOID.
AEHR AEHR TESTING SYSTEMS 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.
YANG INVERSE CHINA FUND (Leveraged 3 X High Risk) 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.
PSQ INVERSE NASDAQ 100 FUND Target was Hit at $15.20 for an 4.6 % Gain. This trade was not logged.
DAY TRADING SETUPS. A few Triple Buy Pops today: SIGA (+10%) SOXL (+14%) & SQQQ (+5%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today and are Way Below the Green Line.
Crude Oil was up $4.53 today at $92.70.
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.
HAVE A NICE WEEKEND!
Leave a Reply
You must be logged in to post a comment.