Markets were lower today as the Semiconductors and Bio-Techs finally pulled back. The Indices are trying to hold and bounce up at the Pink Lines (10-day avgs.) to avoid short term Sell Signals. Resistance is the Green Lines. Investors are hoping that the Markets have bottomed, but the Indices were over-bought (so be careful now).
Please be patient and wait for Buy Signals for Investments 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.
_________________________________________________________________________________________________________________
BUYS TODAY 8/9/2022
BTU PEABODY ENERGY Bought above $20.02 this morning and shot up 8 %. Target is $27. Don’t Take a Loss!
BUYS TOMORROW – SWING TRADING STOCKS
ET ENERGY TRANSFER LP Wait for Money Wave to Close > 20 with High Volume.
LLY ELI LILLY & CO. Wait for Money Wave to 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
UNG US NATURAL GAS FUND 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.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
_____________________________________________________________________________________________________________________
SELLS TODAY 8/9/2022
CTIC CTI BIOPHARMA EXIT if it is going to Close below the Pink Line around $6.82. The Target was already Hit for an 8.9 % Gain.
VERU VERU INC. Stopped Out today below $11.94 (5% Trailing Sell Stop.) This trade was not logged.
______________________________________________________________________________________________________________________
DAY TRADING SETUPS. A few Triple Buy Pops today: APDN (+16%) LABU (+9%) SIGA (+9%) & SOXS (+17%). 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 down $0.09 to $90.67.
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 Aug 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 Investment 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
– BTU