Markets were sharply higher today as long term Interest Rates fell on Inflation weakness. Lots of Short Covering as FEAR had many Shorting the Markets.
Slowly the high Interest Rates are causing Inflation to slow down, which is why Bonds have been getting stronger.
Please be patient and wait for Buy Signals for that are still Above the Green Lines. BUYS 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 1/6/2023
AEHR AEHR TESTING SYSTEMS Gapped Up on good news today, but AEHR will not be Bought or Logged as it is already up 42 % today. AVOID.
CAH CARDINAL HEALTH Moved up above the Buy Stop of $77.27 but the Volume was not High. AVOID.
FSLR FIRST SOLAR INC. Moved up above the Buy Stop of $150.48 and Closed up 7% on lower Volume. AVOID.
GEO GEO GROUP INC. Money Wave Buy Signal today, but GEO will not be Bought or Logged as the Volume was below average of 2.5 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
ISEE IVERIC BIO INC. 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
TBT INVERSE T-BOND FUND (2 X) 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.
SELLS TODAY
EWW MEXICO FUND Target was Hit at $52.50 for a 2.3 % Gain. This trade was not logged.
TSLQ INVERSE TESLA FUND EXIT if it is going to Close below the Pink Line around $84.44. The Target was already Hit for a 9.7 % Gain.
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DAY TRADING SETUPS. Look for Triple Buy Pops (3 Green Circles). Movers today: SPXL (+8%) TQQQ (+9%) UDOW (+7%) & SOXL (+15%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up again today but are Below the Green Line.
Crude Oil was up $0.01 today at $73.66.
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 Jan 2 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
– AEHR