Markets were mostly higher today as the CPI Inflation number came in lower than expected. Volume was low again, but the NASDAQ 100 Fund was able to make a higher high. The FAANG Stocks (mainly AAPL GOOGL META & MSFT) are being bought for a “flight to quality”, while the Small Caps are weak.
We can’t find many stocks to Buy as the Markets have not pull backed yet. There are only 2 securities on the WATCH LIST. Now the S&P 500 and the DOW 30 Indices need to make higher highs than last week for this rally to continue.
Please be patient and wait for Buy Signals for ones 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 5/10/2023
LVS LAS VEGAS SANDS CORP. LVS is trying to Close above the Pink Line (10-day avg .) today of $62.65, but the Volume is not High. AVOID.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
IQ IQIYI INC Buy above $6.26 with High Volume with a 3% 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
HIMS HIMS & HERS HEALTH 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.
SELLS TODAY NONE TODAY
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DAY TRADING SETUPS. We have a new Discord Site for Live Chatting. Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: LABU (+6%) MARA (+11%) & RIOT (+10%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Below the Green Line.
Crude Oil was down $1.03 today at $72.68.
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 May 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.
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– LVS
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