SWING TRADING (SHORT TERM)
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8/07/2024 Stocks climbed Wednesday for a while, then stalled out. Apple and Microsoft advanced more than 2% and 1%, respectively. Chipmaker Advanced Micro Devices gained nearly 2%. Meanwhile, Nvidia pulled back 3.7%, and shares of Super Micro Computer pulled back 17% after the server company’s fiscal fourth-quarter earnings missed analyst estimates. Airbnb slipped 11% after issuing disappointing second-quarter results.
Dumb Money panic bought in July on FOMO, and now Smart Money is Buying their stocks on SALE. Smart Money Sells on GREED, & Buys on FEAR. What do you do?
We are lowering Sell Stops now, and not Selling anything on this Emotional FEAR Flush. The HERD gets scared by the Media and has already forgotten that the FED promised to Cut Rates next month.
Wait for more Buy Signals coming up out of the Green Zones. CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone. ______________________________________________________________________________
BUYS TODAY 8/07/2024
BCS BARCLAYS PLC Swing trade buy but the volume is not high (2-star trade).
NWG NATWEST GROUP PLC Swing trade buy but the volume is not high (2-star trade)
BUYS TOMORROW
HIMS HIMS & HERS HEALTH INC. Wait for daily money wave to close > 20 with high volume.
LC LENDING CLUB CORP. Wait for daily money wave to 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
ITB HOME CONSTRUCTION ETF 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.
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.
SELLS TODAY
None Today
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DAY TRADING SETUPS. Today 11 trades for $1,830 at our Trading Room. Day Trading Alerts are now being sent out on our Discord Site with Live Chatting. Please install Discord app on your PC or cell for mobile notifications.
Or look for Triple Buy Pops (3 Green Circles). Big Movers today: LUMN +40%, ASTS +10%, AFRM +10%.
NEW! BANANA HUNT TRADING CHARTS.
Bonds were down today and are Above the Green Line.
Crude Oil was up $1.93 today at $75.12.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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STAGE CHART INVESTING
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, 2024
Important Links
Top 100 Stage Chart Investing CNN Fear & Greed Index
Dividend Growth Portfolio ETF Sector Portfolio Dogs of the Dow
Long Term Strategy Stage Chart Investing Articles
* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).
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– BCS