Markets were lower again today as long term Interest Rates are back up re-testing the September highs. The Stock Indices were quickly over-bought and back up in the Red Zones (probably too late to Buy for the short term) yesterday. Stocks don’t look like they will bounce much until the US Dollar and long Term Interest Rates quit making new highs. We are not Selling our strong stock positions on this emotional FEAR FLUSH. Please Lower Sell Stops…
Both are Way Above the Green Lines, so we are waiting for them to correct back down towards the Green Lines one the Inflation Fears subside. These have been keeping Stocks from bottoming.
Please be patient and wait for Buy Signals for Securities 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 10/7/2022
PSQ INVERSE NASDAQ 100 FUND Money Wave Buy today, but PSQ will not be Bought or Logged as the Volume is below average of 28 MIL.
SH INVERSE S&P 500 FUND Money Wave Buy today, but SH will not be Bought or Logged as the Volume is below average of 42 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
CPRX CATALYST PHARMA. Wait for Money Wave Close > 20 with High Volume.
GERN GERON CORP. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
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.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS SOON
FSLR FIRST SOLAR INC. Wait for Money Wave Close > 20 with High Volume.
HRB H&R BLOCK Wait for Money Wave Close > 20 with High Volume.
SIGA SIGA TECH. Buy above $11.25 with High Volume with a 5% trailing Sell Stop Loss below it.
TCRT ALAUNOS THERA. 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
AMD ADVANCED MICRO LOWER the Sell Stop Loss below $57.00 until it bottoms.
CAH CARDINAL HEALTH EXIT if it is going to Close below the Pink Line around $67.83. This trade was not logged.
OXY OCCIDENTAL PETE. Target was Hit at $72 for a 7.8 % Gain.
ENVX ENOVIX CORP. EXIT if it is going to Close below the Pink Line around $18.82. This trade was not logged.
KR KROGER CO. LOWER the Sell Stop Loss below $42.00 until it bottoms.
MCK MCKESSON CORP. Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!) This trade was not logged.
XLU UTILITIES FUND LOWER the Sell Stop Loss below $63.00 until it bottoms.
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DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+11%) TZA (+8%) & SOXS (+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 $4.20 today at $92.65.
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
Great stuff as always. Thanks.
Thanks Joseph. Have a great week!