Markets were sharply lower today as the Indices continued to stretch down Way Below the Green Lines on FEAR. The S&P 500 and the Tech Indices made lower lows, but the DOW 30, NASDAQ 100, and Small Caps did not. There is a big battle as to whether the S&P 500 will do a “W” pattern bounce off of the June Support.
The US Dollar and long Term Interest Rates are still up near the highs, hurting stocks. But the Dollar and Interest Rates should correct down soon as they are very over-bought and having Buying Climaxes.
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 (like now).
BUYS TODAY 9/29/02022 NONE TODAY
ENVX ENOVIX CORP. Wait for Money Wave Close > 20 with High Volume.
FRO FRONTLINE LTD. 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.
DHT DHT HOLDINGS 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.
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 Sell Stop Loss below $61.00 until it bottoms.
XLU UTILITIES FUND Lower Sell Stop Loss below $66.00 until it bottoms.
DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+11%) LABD (+10%) SARK (+7%) TZA (+10%) & SOXS (+13%). ( 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 $0.65 today at $81.50.
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.
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