Markets were down most of the day and the Indices had a very mild pull back. The Indices are trying to bounce up off the Pink Lines (10-day avgs.) to avoid short term Sell Signals. Investors have FOMO again (Fear Of Missing Out). Many of the Indices are back Above the Green Lines, but are currently over-bought (way above the 50-day averages).
The WATCH LIST below is still small, so be cautious 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.
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BUYS TODAY 8/17/2022
CTIC CTI BIOPHARMA Money Wave Buy Signal today, but CTIC will not be Bought or Logged as it is already up 7 % today. Maybe you got some earlier on the Triple Buy Signal.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW – SWING TRADING STOCKS
GO GROCERY OUTLET HOLDINGS Buy above $42.09 with High Volume with a 5% Trailing Sell Stop Loss below it.
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
DSX DIANA SHIPPING Wait for Money Wave Close > 20 with High Volume.
EVH EVOLENT HEALTH 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.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LLY ELI LILLY & CO. Target was Hit at $320 for a 5 % Gain. This trade was not logged.
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DAY TRADING SETUPS. A few Triple Buy Pops today: BBBY (+27%) VERU (+14%) & SOXS (+11%). 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 $1.31 to $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 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.
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– CTIC