Markets were higher today as the Indices are retesting last week’s highs again. The S&P 500, Small Caps, and NASDAQ 100 Indices made slightly higher highs as the FED only raised short term Interest Rates 1/4 point this time. The Leaders and Indices are back up in the Red Zones (probably too late to Buy for the short term). The Market has not pulled back yet enough recently to get any good Money Wave Buy Signals (Greed is too High)..
Please be patient and wait for Buy Signals for that are still Above the Green Lines. SOON – CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.
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BUYS TODAY 2/1/2023
ARDX ARDELYX INC. Money Wave Buy Signal today, but ARDX will not be bought or Logged as the Volume is below average of 9.5 MIL.
GDX GOLD MINERS FUND Money Wave Buy Signal today, but GDX will not be bought or Logged as the Volume is below average of 25 MIL.
UAL UNITED AIRLINES INC. Money Wave Buy Signal today, but UAL will not be bought or Logged as the Volume is below average of 8.6nMIL.
BUYS TOMORROW
ROIV ROIVANT SCIENCES LTD Buy above $8.79 with High Volume with a 3% Trailing Sell Stop Loss below it.
TCOM TRIP.COM GROUP 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
TSLQ INVERSE TESLA FUND Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
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
ISEE IVERIC BIO INC. The Target was Hit at $23 for a 13.4 % Gain. This trade was not logged.
TAL TAL EDUCATION GROUP EXIT if it is going to Close below Support of $7.31. This trade was not logged.
TSLQ INVERSE TESLA FUND LOWER the Sell Stop Loss below $47.50. Tesla Common Stock is still Below the Green Line with only 10 Relative Strength. Volume is also lower on TSLA, this time up.
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DAY TRADING SETUPS. Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: AMD (+12%) SMMT (+14%) SOXL (+16%) & TARK (+8%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Below the Green Line.
Crude Oil was up $1.98 today at $76.89.
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 Feb 1, 2023
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.
Related Post
– ARDX