Markets were lower today after the S&P 500 Index stalled below the 50-day average, which is normal. The S&P 500 was able to close above 3700 to squeeze out more Short Sellers. Most of the Margin accounts on Stocks appear to have been flushed, as the “weak hands” have sold on FEAR. The Big Techs are holding up better, recently.
Long Term Interest Rates made new highs again today, as Bond holders on Margin are having to panic Sell to cover their Margin calls. We are waiting for the US Dollar and long Rates to correct back down towards the Green Lines. We are not Selling our strong stock positions on this emotional FEAR FLUSH.
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. Securities that are still Above the Green Lines now should bounce up well on the next rally.
BUYS TODAY 10/19/2022 NONE TODAY
FNGR FINGERMOTION INC. Wait for Money Wave Close > 20 with High Volume.
FREY FREYR BATTERY Wait for Money Wave Close > 20 with High Volume.
RVNC REVANCE THERA. 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.
ENPH ENPHASE ENERGY Buy above $260 with High Volume with a 5% Trailing Sell Stop Loss below it.
ENVX ENOVIX CORP. Buy above $18.23 with High Volume with a 5% Trailing Sell Stop Loss below it.
PCG PG&E CORP. Money Wave must Close in the Green Zone.
Please be patient and Wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
SAVA CASSAVA SCIENCES Lower Sell Stop Loss below $32.00 until it bottoms.
UNG US NAT’L. GAS FUND Lower Sell Stop Loss below $18.25 until it bottoms. In June it rallied up 88% in 2 months.
DAY TRADING SETUPS. A few Triple Buy Pops today: FNGR (+15%) TZA (+7%) & LABD (+16%). ( 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 $2.31 today at $85.13.
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.
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