Markets were slightly lower today on mild profit taking from the 2 day bounce. The Indices are quickly back up in the Red Zones (probably too late to Buy for the short term) and have Resistance up at the Red Lines (50-day avgs.) Oil Stocks were higher again as OPEC is planning on cutting 2 Million Barrels of Oil daily.
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. The US Dollar and long Term Interest Rates are going back up once more to re-test the highs. We need them 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 10/6/2022
SAVA CASSAVA SCIENCES Money Wave Buy today. Target is $50. EXIT if it is going to Close below $39.70.
DHT DHT HOLDINGS Money Wave Buy today, but DHT will not be Bought or Logged as the Volume is below average of 2.7 MIL.
UUP US DOLLAR FUND Money Wave Buy today, but UUP will not be Bought or Logged as the Volume is below average of 4.7 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
SH INVERSE S&P 500 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.
PSQ INVERSE NASDAQ 100 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.
TCRT ALAUNOS THERA. 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
GIS GENERAL MILLS INC. EXIT if it is going to Close below Support of $75.93. This trade was not logged.
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DAY TRADING SETUPS. A few Triple Buy Pops today: HUSA (+10%) RBLX (+5%) & SAVA (+8%). ( 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 $1.07 today at $88.83.
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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– SAVA