Markets were slightly higher today as many of the weaker stocks popped up off the bottom on Short Covering and Bottom Fishing. Volume was low and many investors are waiting on the FED to Stop Tightening..
Eventually the high Interest Rates will cause Inflation to slow down, and the FED should stop tightening.
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.
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BUYS TODAY 1/4/2023
EWW MEXICO FUND Money Wave Buy Signal today, but EWW will not be Bought or Logged as the Volume is below average of 2.2 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
CAH CARDINAL HEALTH Buy above $76.93 with High Volume with a 3% Trailing Sell Stop Loss below it.
FSLR FIRST SOLAR INC. Buy above $150.48 with High Volume with a 3% Trailing Sell Stop Loss below it.
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 Wait for Money Wave Close > 20 with High Volume.
GEO GEO GROUP INC. Wait for Money Wave Close > 20 with High Volume.
GGB GERDAU USA 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
LLY ELI LILLY INC. EXIT if it is going to Close below the Pink Line around $365.11.
SBUX STARBUCKS CORP. Target was Hit at $104 for a 6.4 % Gain. This trade was not logged.
TBT INVERSE T-BOND FUND (2 X) EXIT if it is going to Close below the Pink Line around $31.16.
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DAY TRADING SETUPS. Look for Triple Buy Pops (3 Green Circles). Movers today: CCL (+9%) LABU (+7%) MARA (+22%) TARK (+8%) & SOXL (+8%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up again today but are Way Below the Green Line.
Crude Oil was down $3.88 today at $73.05.
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 Jan 2 2023
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
– EWW