Money Wave Alert! Oct 22, 2024

POST UPDATED: October 22, 2024

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QQQ chart
The NASDAQ 100 Fund is trying to bounce up off the Pink Line ($QQQ).

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10/22/2024  The Markets were mixed today as the Bonds have still not bottomed after a large drop from FED Printing last month.  The S&P 500  & DOW 30 Indices are back up to the recent highs, and need to bounce up here off the Pink Lines (10-day avgs.) to avoid short term Sell Signals. The S&P 500 & DOW 30 Indices were back up near the Red Zones (probably too late to Buy for the short term). The S&P 500 has important Support at 565.

Bonds are down below the Green Line, keeping Stocks from rallying (higher long term Interest Rates). Long term Interest Rates rose from 3.9 % to 4.51%,

Wait for more Buy Signals 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. 

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BUYS TODAY   10/22/2024     

JD      JD. COM INC.       Swing Trade Buy today, but the Volume is not high (2 Star trade).

BUYS TOMORROW     

ADMA      ADMA BIOLOGICS        Wait for Daily Money Wave Close > 20 with High Volume.   

CLOV       CLOVER HEALTH      Wait for Daily Money Wave Close > 20 with High Volume. 

ZETA      ZETA GLOBAL HOLDINGS      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        

COMM       COMMSCOPE INC.        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                 

Z       ZILLOW GROUP        EXIT if it is going to Close below the Pink Line around $62.30. 

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DAY TRADING SETUPS.  Today we had 5 trades for $390 at our Trading Room. Day Trading Alerts are now being sent out on our Discord Site with Live Chatting. Please install Discord app on your PC or cell for mobile notifications.     

Or look for Triple Buy Pops (3 Green Circles). Big Movers today: APLD + 6%, LUNR +8%,  WULF + 6%.   

BANANA HUNT TRADING CHARTS.

Bonds were up today and are Below the Green Line.  
Crude Oil was up $1.59 today at $71.57.   

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Important Links

Top 100Stage Chart InvestingCNN Fear & Greed Index
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Long Term StrategyStage Chart InvestingArticles
       

* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).

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