Markets were sharply higher today after making a higher low than last Thursday’s low. Volume was lower and the S&P 500 needs to close above $370 to squeeze out more Short Sellers out. Most of the Margin accounts have been flushed, and the “weak hands” have sold on FEAR.
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.
BUYS TODAY 10/17/2022 NONE TODAY
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.
Please be patient and Wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
ARRY ARRAY TECH Lower Sell Stop Loss below $14.33 until it bottoms.
FSLR FIRST SOLAR INC. Lower Sell Stop Loss below $115.66 until it bottoms.
UNG US NAT’L. GAS FUND Lower Sell Stop Loss below $20.50 until it bottoms.
Bonds were up today but are Way Below the Green Line.
Crude Oil was down $0.13 today at $85.47.
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 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.