Markets were higher again today as the FEAR has disappeared and the Indices are trying to get back up to their Red Lines (50-day averages. The FED has finally began to “walk back” their hawkish Tightening tone… Many of the Leaders are quickly back up in the Red Zones (probably too late to Buy for the short term). So maybe some profit taking tomorrow.
Long Term Interest Rates finally stalled today, after Bond holders got blown out on Margin Calls (they had 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. Thank you for being patient. 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 10/24/2022 NONE TODAY
ENVX ENOVIX CORP. Buy above $18.23 with High Volume with a 5% Trailing Sell Stop Loss below it.
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.
PSQ INVERSE NASDAQ 100 FUND Money Wave must Close in the Green Zone.
SH INVERSE S&P 500 FUND 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.
PBR PETROBRAS ENERGY EXIT if it is going to Close below the Pink Line around $14.53. The Target was already Hit for a 9.1 % Gain.
DAY TRADING SETUPS. A few Triple Buy Pops today: MARA (+10%) LABU (+6%) UDOW (+5%) & SPXL (+4%). ( 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 down $0.26 today at $84.79.
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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