Markets were wild today as the Indices dumped in the morning and then had a sharp rally after the FED tightened and raised short term Interest Rates by 3/4 %. Smart Money bought on the Bad News, while beginner investors got Flushed on FEAR from the MEDIA. Now the Market has turned back down near the Close.
Smart Money doesn’t listen to the Media. They listen to the Money, and most strong Securities are over-sold and down on the Green Zones (probably too late to Sell for the short term). Now with all of the FED tightening, the Economy should slow down and help Bonds return back up to the Green Line. A Bond rally would mean lower long term Interest Rates, which the Tech Stocks need. Bonds did reverse and closed up today.
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 (very soon).
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BUYS TODAY 9/21/02022
XLU UTILITIES FUND Money Wave Buy today. Target is $77.50. EXIT if it is going to Close below $73.20.
BUYS TOMORROW
SIGA SIGA TECH. Wait for Money Wave Close > 20 with High Volume.
XOM EXXON MOBILE CORP. 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
CPRX CATALYST PHARMA. Wait for Money Wave Close > 20 with High Volume.
UNG US NAT’L. GAS 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
ENVX ENOVIX CORP. EXIT if it is going to Close below the Pink Line around $22.23. The Target was already Hit for a 23.6 % Gain.
OXY OCCIDENTAL PETE Lower Sell Stop Loss below $62.43 until it bottoms.
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DAY TRADING SETUPS. A few Triple Buy Pops today: MARA (+11%) & SOXL (+9%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today and are Way Below the Green Line.
Crude Oil was down $0.47 today at $83.47.
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 Sep 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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– XLU