Markets were lower again today after Long term Bonds went back down to retest the recent lows. Bonds are now stretched Way Below the Green Line like a rubber band, because of FEAR. The Green Line says that Bonds are about 10% under valued. Bonds should bottom soon to get a good Stock Market rally.
The Leaders & Indices WATCH LIST is small again. When Bonds finally bottom, maybe Buy more of the Leaders that we bought last week.
Now we need to wait for more Buy Signals soon, 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 (LIKE NOW).
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ETF SECTOR ROTATION SYSTEM The 3rd Quarter ended on Friday, and we Sold all 5 ETF Positions on the Close. The 5 new ETFs to Buy on Monday Oct. 2nd (today on the Close) will be SPY – S&P 500 Fund, QQQ – NASDAQ 100 Fund, GDX – Gold Mining Fund, SLV – Silver Fund, and XLE Energy Fund. Or you can replace IWM with GDX and have 20% in each Fund for the monthly rotation.
BUYS TODAY 10/2/2023 NONE TODAY
BUYS TOMORROW
LLY ELI LILLY INC. Buy above $551.68 High Volume with a 3% Trailing Sell Stop Loss below it.
SMFG SUMITOMO MITSUI FINANCIAL Wait for Daily 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
ACHR ARCHER AVIATION Buy above $5.22 with High Volume with a 3% Trailing Sell Stop Loss below it.
CEG CONSTELLATION ENERGY 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
DVAX DYNAVAX TECH. The Target was Hit at $15 for a 9.6 % Gain. This trade was not logged.
PR PERMIAN RECOURCES Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!)
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DAY TRADING SETUPS. Today 4 trades for $1058. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications. Also follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today: SMCI (+5%) LABD (+10%) & TZA (+5.5%). 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 down $2.17 today at $88.62.
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 Oct 1, 2023
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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– PR