Markets “gapped down” on the opening and then closed sharply higher. Smart Money bought on the the Bad News of the CPI numbers, and today looks like a Reversal Day with High Volume. Most is the Buying today was in the Big Caps.
The US Dollar fell sharply today and the Big Tech stocks squirted up. Long term Interest Rates continued to make a higher high, but closed weaker. Many don’t understand that the US Dollar is having a Buying Climax, and should peak soon.
Stocks need the US Dollar and long Term Interest Rates to correct 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 10/13/2022
CPRX CATALYST PHARMA. Crossed above $12.64 but the Volume was not High. AVOID.
HRB H&R BLOCK Crossed above $39.29 but the Volume was not High. AVOID.
OXY OCCIDENTAL PETE. Money Wave Buy today, but OXY will not be Bought or Logged as it is already up 4.5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
ENPH ENPHASE ENERGY Buy above $260 with High Volume with a 5% 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.
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
PBR PETROBRAS ENERGY Target Hit at $14.75 for a 9.1 % Gain.
PSQ INVERSE NASDAQ 100 FUND Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!) The Target was already Hit.
SH INVERSE S&P 500 FUND Target Hit at $17.50 for a 4 % Gain. This trade was not logged.
UUP US DOLLAR FUND Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!)
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DAY TRADING SETUPS. A few Triple Buy Pops today: HUSA (+9%) SOXL (+9%) SOXS (+9%) SPXL (+7%) UDOW (+8%) & TQQQ (+6%). ( 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 $1.80 today at $89.07.
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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