Markets were lower today as long term Interest Rates were higher. Long term Interest Rates are going back up to re-test the June Highs. Maybe you followed the Rules and bought the Inverse T-Bond Fund (TBT) recently, which has an 11% Gain.
The weaker NASDAQ 100 (QQQ), Small Cap (IWM), and NYSE Indices look like they will close below Pink Lines (10-day avgs.) creating short term Sell Signals. The FOMO Buying (Fear Of Missing Out) ran out of money at Wednesday’s over-bought levels. Now we wait for the Indices to return to the Green Zones for more Buy Signals soon.
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 8/19/2022
DSX DIANA SHIPPING Money Wave Buy today, but DSX will not be Bought or Logged as the Volume was below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW – SWING TRADING STOCKS
BE BLOOM ENERGY CORP. Wait for Money Wave Close > 20 with High Volume.
PLUG PLUG POWER INC. Money Wave must Close in the Green Zone.
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. Money Wave must Close in the Green Zone.
FOLD AMICUS THERA. Money Wave must Close in the Green Zone.
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
XOP OIL & GAS SERVICES FUND The Target Hit at $145 for a 13.2 % Gain (Long Term Portfolio).
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DAY TRADING SETUPS. A few Triple Buy Pops today: APDN (+16%) SQQQ (+6%) TZA (+7%) & SOXS (+9%). 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 $1.56 to $91.57.
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 Aug 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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– DSX