Markets were mixed today after dropping down on the opening. Then mild buying came in. The Indices now have Resistance up at the Red Lines (50-day avgs.) Oil Stocks were higher as OPEC is planning on cutting 2 Million Barrels of Oil daily. Please check your Sell Stops on OXY PBR & XOM below.
The S&P 500 Index has had a nice bounce up this week, as many are looking for a “W” pattern by bouncing up off of the June Support. But we need the US Dollar and long Term Interest Rates to correct back down towards the Green Lines. These have been keeping Stocks from bottoming.
Please be patient and wait for Buy Signals for Securities 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.
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BUYS TODAY 10/5/02022 NONE TODAY
BUYS TOMORROW
DHT DHT HOLDINGS Wait for Money Wave Close > 20 with High Volume.
SAVA CASSAVA SCIENCES Money Wave must Close in the Green Zone.
TCRT ALAUNOS THERA. Wait for Money Wave Close > 20 with High Volume.
UUP US DOLLAR FUND 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.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS SOON
HRB H&R BLOCK Wait for Money Wave Close > 20 with High Volume.
SH INVERSE S&P 500 FUND Wait for Money Wave Close > 20 with High Volume.
SIGA SIGA TECH. Buy above $11.25 with High Volume with a 5% trailing Sell Stop Loss below it.
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
OXY OCCIDENTAL PETE. EXIT below your Buy Price or $66.80. Don’t Take a Loss! Get out even.
PBR PETROBRAS ENERGY EXIT below your Buy Price or $13.52. Don’t Take a Loss! Get out even.
XOM EXXON MOBIL Target was Hit at $98 for a 10.3% Gain. This trade was not logged.
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DAY TRADING SETUPS. A few Triple Buy Pops today: HUSA (+10%) SOXL (+5%) & BNGO (+10%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today and are Way Below the Green Line.
Crude Oil was up $1.30 today at $87.82.
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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– DHT