Markets were sharply higher today as the US Dollar finally dropped below the Pink Line (10-day avg.) to create a short term Sell Signal. The Strong Dollar represents rising Interest Rates and hurts the Tech Stocks. Now many are waiting on the FED to tighten more on Sep 21, but Smart Money seems to be betting that tightening will help Bonds (reduce inflation).
The major Indices are still weak, but many of Leaders have bounced up out the Green Zones (probably too late to Sell for the short term) for short term Buy Signals.
Please be patient and wait for Buy Signals for Investments 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 9/9/2022
ASTS AST SPACEMOBILE INC. Money Wave Buy today, but ASTS will not be Bought or Logged as it is already up 8 % today.
Maybe you bought earlier on the Triple Buy Signal.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
OXY OCCIDENTAL PETE. Wait for Money Wave Close > 20 with High Volume.
PBR PETROBAS ENERGY Buy above $14.06 with High Volume with a 5% Trailing Sell Stop Loss below it.
SIGA SIGA TECH. Buy above the Pink Line around $14.67 with High Volume with a 5% Trailing Sell Stop Loss below it.
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
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.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
UUP US DOLLAR FUND EXIT if it is going to Close below the Pink Line around $29.27. The Target was already Hit.
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DAY TRADING SETUPS. Several Triple Buy Pops today: AMC (+12) HUSA (+7%) MARA (+8%) BBBY (+8%) USO (+5%) RBLX (+8%) TQQQ (+6%) & VERU (+22%). ( 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 $2.85 today at $86.39.
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 Investment 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!
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