Markets were lower today as the major Indices went back down to retest the recent lows. The DOW 30 Index was able to hold, but the other major Indices made slightly lower lows (weakness).
Markets are going to force the FED to back off on Tightening. Eventually the Fed will slow the Economy down so much that they will change their “hawkish” talk and stop Tightening, and Stocks should rally further.
Please be patient and wait for Buy Signals for that are still Above the Green Lines. BUYS SOON – CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.
_________________________________________________________________________________________________________________
BUYS TODAY 12/22/2022
XLV HEALTH CARE FUND Money Wave Buy Signal today. Target is $140. EXIT if it is going to Close below $133.71.
SBUX STARBUCKS CORP. Money Wave Buy Signal today, but SBUX will not be Bought or Logged as the Volume is below average of 7.6 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
ASO ACADEMY SPORTS & OUTDOORS Wait for Money Wave Close > 20 with High Volume.
NTNX NUTANIX 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
AEHR AEHR TESTING SYSTEMS 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.
SELLS TODAY
FTI Technip FMC PLC Slipped below the Buy Price and was Stopped Out. (Don’t Take a Loss!) This trade was not logged.
________________________________________________________________________
DAY TRADING SETUPS. A few Triple Buy Pops today: TZA (+7%) SDOW (+5%) SQQQ (+9%) & SOXS (+17%). ( 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 $0.16 today at $78.13.
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 Dec 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
– XLV