Markets mostly were mostly higher today but the Volume was low. More profit taking on the Leaders. The Big Tech NASDAQ 100 Fund and Semiconductors are still holding up, but FOMO (Fear of Missing Out) has kicked on the Retail Investors.
Most of the Leaders and Indices are back up in the Red Zones (probably too late to Buy for the short term) ,so be cautious. The FAANG Stocks (mainly AAPL GOOGL META & MSFT) are being bought for a “flight to quality”, while the Small Caps are still weak.
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 5/22/2023
AU ANGLOGOLD ASHANTI LTD. Money Wave Buy today, but AU will not be bought or logged as the Volume is below average of 3.7 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
AGI ALAMOS GOLD INC. Buy above $12.88 with High Volume with a 3% Trailing Sell Stop Loss below it.
ARDX ARDELYX INC. Wait for Money Wave Close > 20 with High Volume.
COTY COTY INC. Buy above the Pink Line around $11.34 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
EWW MEXICO FUND Wait for Money Wave Close > 20 with High Volume.
TGTX TG THERA. Money Wave must Close in the Green Zone.
VIPS VIPSHOP HOLDINGS 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
DKNG DRAFTKINGS INC. Target was Hit at $25 for a 4.3% Gain. This trade was not logged.
TECK TECK RESOURCES EXIT if it is going to Close below $42.32 Support. This trade was not logged.
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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: RIOT (+9%) TARK (+10%) UPST (+25%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today and are Below the Green Line.
Crude Oil was up $0.33 today at $72.026.
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 LI
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
– AU