Markets gapped up in the morning but then reversed downward. Some of the Indices went below the June lows, but heavy Selling did not come in on the break of Support. This could be a “False Break Down”, where they Run the Stops just below the previous low to flush out the weak hands that don’t know where the Green Line is.
The US Dollar and long Term Interest Rates were higher again, hurting some stocks. But the Dollar and Interest Rates should be having having a Buying Climaxes and should peak soon (Way Above the Green Lines). Smart Money is not Buying much until these peak. Most will WAIT for a Money Wave Buy on the SPX Chart above.
FEAR is very high now, and that is when we like to Buy. Markets are currently about as over-sold as they ever get. The Indices are back down to the June lows (Support), where they bounced up 19 % from being over-sold on FEAR. We are lowering the Sell Stops and not Selling anything down here. Smart Money sold up in the Red Zone in August, and should be Buying soon near Support and in the Green Zone.
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).
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BUYS TODAY 9/27/02022 NONE TODAY
BUYS TOMORROW
CPRX CATALYST PHARMA. Low Volume today. Buy above the Pink Line of $12.94 with High Volume with a 5% Trailing Sell Stop Loss below it.
GERN GERON CORP. Wait for Money Wave Close > 20 with High Volume.
UNG US NAT’L. GAS 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
ENVX ENOVIX CORP. Wait for Money Wave Close > 20 with High Volume.
SIGA SIGA TECH. Wait for Money Wave Close > 20 with High Volume.
XOM EXXON MOBILE CORP. 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
XLU UTILITIES FUND LOWER the Sell Stop Loss below $68.00 until it bottoms.
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DAY TRADING SETUPS. A few Triple Buy Pops today: AMC (+9%) LABU (+9%) (HUSA (+6%) & VIXY (+6%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down again today and are Way Below the Green Line.
Crude Oil was up $2.08 today at $78.79.
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 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.
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– CPRX