Markets were down again today as the S&P 500 is correcting the wave 1 up bounce off the Green Line (about a 4% pop). 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. Bigger Wave 5 up should have 5 waves in it, and this looks like wave 2 down (normally a 62 % retracement of wave 1 up).
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 10/13/2023
IMGN IMMUNOGEN INC. Money Wave Buy Signal today, but IMGN will not be Bought or Logged as the Volume is below average of 4 MIL.
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.
TNGX TANGO THERA INC. 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 Wait for Daily Money Wave Close > 20 with High Volume. 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.
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
SMCI SUPER MICRO COMPUTER EXIT if it is going to Close below the Pink Line around $290.40. The Target was already Hit at $299 for a 20.1 % Gain.
VRT VERTIV HOLDINGS EXIT if it is going to Close below the Pink Line around $39.47. The Target was already Hit at $40 for an 8.1 % Gain.
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DAY TRADING SETUPS. Today 3 trades for $210. 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: USO (+3%) VIXY (+12%) & TZA (+5%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today and are Below the Green Line.
Crude Oil was up $4.81 today at $87.72.
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.
HAVE A NICE WEEKEND!