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October 28, 2022

Money Wave Alert! Oct 28, 2022

SPX Chart
The S&P 500 Index had a nice bounce up off the Red Line (50-day avg).

Markets were sharply higher today as the buying continued and AAPL was up 8% on Earnings. This pulled the Big Tech stocks higher, but the NASDAQ 100 could not make a higher high like the other Indices did.

The Markets are over-bought again from a 4000 point DOW 30 Index rally (14%) in 2 weeks. Many of the Leaders were quickly back up in the Red Zones (probably too late to Buy for the short term). So maybe some profit taking for a while. 

We are waiting for the US Dollar and long Rates to correct back down towards the Green Lines. They both look like they will try the recent Highs again. Thank you for being patient. . 

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. 

_________________________________________________________________________________________________________________

BUYS TODAY   10/28/2022        

UUP      US DOLLAR FUND    Money Wave Buy Signal today, but UUP will not be Bought or Logged as the Volume is below average of 4.8 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     

PRVB      PROVENTION BIO      Wait for Money Wave Close > 20 with High Volume.  

SH      INVERSE S&P 500 FUND       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.  

BUYS SOON          

PBR      PETROBRAS ENERGY      Wait for Money Wave Close > 20 with High Volume.        

TBT      INVERSE T-BOND FUND 2X      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             

RVNC      REVANCE THERA.      EXIT if it is going to Close below Support of $22.37. This trade was not logged.

____________________________________________________________________________________________________

DAY TRADING SETUPS.  Several Triple Buy Pops today: LABU (+7%) UDOW (+7%) SOXL (+10%) & TQQQ (+9%). ( 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 $0.91 today at $88.17.

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.     

 

HAVE A NICE WEEKEND!

Posted By AbovetheGreenLine at 2:45 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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