Markets were mixed today after yesterday’s drop. The Indices are correcting some of the big rally for the last four weeks, on Wave 4 down. The Indices are quickly returning back down into the Green Zones and should be over-sold soon. Then we will Buy the Leaders again for the Wave 5 rally back up. We could have several Buy Signals tomorrow.
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 8/23/2022
ENVX ENOVIX CORP. Money Wave Buy today, but ENVX will not be Bought or Logged as it has already bounced up 18% off of Friday’s Support of $18.
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
BE BLOOM ENERGY CORP. Wait for Money Wave Close > 20 with High Volume.
PLUG PLUG POWER INC. Wait for Money Wave Close > 20 with High Volume.
SIGA SIGA TECH. Wait for Money Wave Close > 20 with High Volume.
VERU VERU INC. 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
FOLD AMICUS THERA. Money Wave must Close in the Green Zone.
ICLN CLEAN ENERGY 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.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
XLE ENERGY STOCK FUND The Target Hit at $82 for an 11.6 % Gain.
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DAY TRADING SETUPS. A few Triple Buy Pops today: HUSA (+20%) MARA (+8%) VERU (+8%) & LABU(+7%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down again today and are Way Below the Green Line.
Crude Oil was up $3.32 to $93.68.
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
– ENVX
Couple of questions:
Recent long term trades why can’t we receive a buy signal for those? Also recent completed trades like xle today wasn’t a logged trades was it?
Thanks
Allen
Hi Allen. It is hard to pull the trigger and Buy much for the longer term, when the lower Volume does not confirm the Buy Signals.
We go ahead and publish some of the Buy Signals for you, as investors might be very interested in various sectors.
But since the FED is not Printing at this time, Buying Volume has been weak. Historically this could be a warning that all is not well, so we are just being extra cautious.
We just had the longest 13 year Bull Market in history, and most are fully invested again…
XLE was not a logged trade as the Volume has not been High.
Thanks for writing.