Markets were mostly down today as Long term Bonds rolled over and dumped over 2%. Wave 5 up should have 5 waves in it, and it looks like wave 1 up was complete after lunch today. Then the Indices would normally retest the recent lows, and the S&P 500 needs to make a higher low this time down to remain Bullish.
Bonds needed to go back down to retest the lows, so TBT Inverse Bond Fund had a Buy Signal good for a 5% Pop in a few days.
The S&P 500 Index bounced up 4 % from the Green Line now, and Leaders are over bought for the short term. The S&P 500 stalled out at the 50-day average, which is normal.
When Bonds finally have a good Double Bottom, maybe Buy more of the Leaders that we bought last week.
Wait for more Buy Signals soon, coming up out of the Green Zones. 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 10/12/2023
TBT INVERSE T-BOND FUND Money Wave Buy today, but TBT will not be Bought or Logged as it was already up 5% today. Maybe you got some early on the Triple Buy Signal.
UUP US DOLLAR FUND Money Wave Buy Signal today, buy UUP is almost back up to the $30 Target. AVOID.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
AAOI APPLIED OPTOELECTRONICS Wait for Daily 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.
BUYS SOON
CCCS CCC INTELIGENT SOLUTIONS Money Wave must Close in the Green Zone.
IMGN IMMUNOGEN INC. Wait for Daily 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.
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.
SELLS TODAY NONE TODAY
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DAY TRADING SETUPS. Today 1 trade for $140. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications. Also follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today: AAOI (+5%) LABD (+12%) & TZA (+7%). 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 down $0.11 today at $83.83.
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, 2023
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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