Markets were mostly lower today on mild profit taking. The US Dollar and long term Interest Rates were higher, which pulled the Big Tech stocks down. The US Dollar and long term Interest Rates should re-test the Highs once more. The FED should raise short term Interest Rates by 3/4 point on Wednesday.
The Markets were over-bought again from a 4000 point DOW 30 Index rally (14%) in 2 weeks. 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 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 are trying the recent Highs now. 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.
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BUYS TODAY 10/31/2022
PRVB PROVENTION BIO Money Wave Buy Signal today, but PRVB will not be Bought or Logged as the Volume is below average of 1.3 MIL.
TBT INVERSE T-BOND FUND 2X Money Wave Buy Signal today, but TBT will not be Bought or Logged as the Volume is below average of 5.3 MIL. Maybe down once more.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
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.
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.
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DAY TRADING SETUPS. Several Triple Buy Pops today: AMC (+7%) HUSA (+6%) SOXS (+7%) & SQQQ (+5%). ( 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 $1.44 today at $86.46.
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.
HAPPY HALLOWEEN!
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