Markets were mostly lower today as the US Dollar and long term Interest Rates made new highs. The Indices are almost back down to the June lows, where they bounced nicely. But it looks like we need long term Interest Rates and the Dollar to correct down towards the Green Line before we can see much of a stock rally.
Now with all of the FED tightening, the Economy should slow down and help Bonds return back up to the Green Line. A Bond rally would mean lower long term Interest Rates, which the Tech Stocks need.
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 (very soon).
BUYS TODAY 9/22/02022 NONE TODAY
CPRX CATALYST PHARMA. Wait for Money Wave Close > 20 with High Volume.
ENVX ENOVIX CORP. Wait for Money Wave Close > 20 with High Volume.
XOM EXXON MOBILE CORP. 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.
SIGA SIGA TECH. Wait for Money Wave Close > 20 with High Volume.
UNG US NAT’L. GAS FUND 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.
AMD ADVANCED MICRO LOWER the Sell Stop Loss below $66.00 until it bottoms.
ARRY ARRAY TECH Lower Sell Stop Loss below the Green Line of $16.65 until it bottoms.
OXY OCCIDENTAL PETE Lower Sell Stop Loss below $62.00 until it bottoms.
SARK INVERSE ARK INNOVATION FUND Target was Hit at $60 for a 12.9 % Gain. This trade was not logged.
DAY TRADING SETUPS. A few Triple Buy Pops today: LABD (+7%) (TZA (+8%) & SOXL (+10%). ( 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 $0.47 today at $83.47.
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 Sep 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.
Leave a Reply
You must be logged in to post a comment.