Markets were mixed today after Long term Interest Rates fell slightly, but the US Dollar tried to rally. The Selling momentum stopped on the Big Techs and some were up slightly. Many don’t understand that the US Dollar is having a Buying Climax, and should peak soon.
Stocks don’t look like they will bounce much until the US Dollar and long Term Interest Rates both start correcting back down towards the Green Lines. We are not Selling our strong stock positions on this emotional FEAR FLUSH. Securities that are still Above the Green Lines now should bounce up well on the next rally.
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 (like now).
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BUYS TODAY 10/12/2022
GERN GERON CORP. Money Wave Buy today. Target is $3.00. EXIT if it is going to Close below $2.04. (2nd Buy Signal).
BUYS TOMORROW
CPRX CATALYST PHARMA. Buy above $12.64 with High Volume with a 5% Trailing Sell Stop Loss below it.
ENPH ENPHASE ENERGY Buy above $260 with High Volume with a 5% Trailing Sell Stop Loss below it.
HRB H&R BLOCK Buy above $39.29 with High Volume with a 5% Trailing Sell Stop Loss below it.
OXY OCCIDENTAL PETE. 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.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS SOON
SIGA SIGA TECH. Buy above $11.25 with High Volume with a 5% trailing Sell Stop Loss below it.
TCRT ALAUNOS THERA. 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.
SELLS TODAY
CAH CARDINAL HEALTH EXIT if it is going to Close below the Pink Line around $68.78. This trade was not logged.
XLU UTILITIES FUND LOWER the Sell Stop below $61.00 until it bottoms.
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DAY TRADING SETUPS. A few Triple Buy Pops today: CCL (+10%) RBLX (+8%) & GERN (+6%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Way Below the Green Line.
Crude Oil was down $2.07 today at $87.28.
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 Oct 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.
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– GERN