Markets were higher again today as the Long Term Interest Rates finally dropped down. Most of the FEAR has disappeared and now the Indices are trying to get back above their Red Lines (50-day averages.
Many of the Leaders are quickly back up in the Red Zones (probably too late to Buy for the short term). So maybe some profit taking tomorrow. The WATCH LIST is small with 2 Inverse Stock Funds in the Green Zones.
We are waiting for the US Dollar and long Rates to correct back down towards the Green Lines. Thank you for being patient. We are not Selling our strong stock positions on this emotional FEAR FLUSH.
Please be patient and wait for Buy Signals for that are still Above the Green Lines. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone. Securities that are still Above the Green Lines now should bounce up well on the next rally.
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BUYS TODAY 10/25/2022
ENPH ENPHASE ENERGY Crossed above $260 but the Volume was not high. AVOID. Money Wave is back up in the Red Zone.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
ENVX ENOVIX CORP. Buy above $18.23 with High Volume with a 5% Trailing Sell Stop Loss below it.
RVNC REVANCE THERA. 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
PSQ INVERSE NASDAQ 100 FUND Wait for Money Wave Close > 20 with High Volume.
SH INVERSE S&P 500 FUND Wait for Money Wave Close > 20 with High Volume.
UUP US DOLLAR FUND 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 NONE TODAY
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DAY TRADING SETUPS. Several Triple Buy Pops today: BBBY (+28%) BNGO (+20%) LABU (+9%) LCID (+10%) MARA (+15%) TARK (+13%) & SOXL (+8%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Way Below the Green Line.
Crude Oil was up $0.52 today at $85.09.
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, 2022
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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– ENPH