Markets were mostly lower again today on mild profit taking. Most are waiting for the FED to raise short term Interest Rates by 3/4 point on Wednesday. The US Dollar and long term Interest Rates are trying to re-test the Highs once more.
The Markets are over-bought again from a 4000 point DOW 30 Index rally (14%) in 2 weeks. Many of the Leaders are quickly back up in the Red Zones (probably too late to Buy for the short term). So maybe some profit taking for a while.
We are waiting for the US Dollar and long Rates to correct back down towards the Green Lines. Thank you for being patient. .
Please be patient and wait for Buy Signals for 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 11/1/2022
PBR PETROBRAS ENERGY Money Wave Buy Signal today. Target is $15.25. EXIT if it is going to Close below Support of $12.49.
SH INVERSE S&P 500 FUND Money Wave Buy Signal today, but SH will not be Bought or Logged as the Volume is below average of 39.7 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 NONE TODAY
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
IBN ICICI BANK 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
HRB H&R BLOCK INC. EXIT if it is going to Close below the Pink Line around $41.06. This trade was not logged.
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DAY TRADING SETUPS. Several Triple Buy Pops today: LABU (+5%) SOXL (+5%) & SQQQ (+5%). ( 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 $1.71 today at $88.24.
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 Nov 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.
Related Post
– SH
I am not getting the charts normally the SP Y was five or six and gold was nine or 10. Has your site drop these charts they were great
Nothing has changed… Thanks for writing.
S&P 500 Charts:
Gold Charts