Markets were higher again today as several of the major Indices and Leaders were able to exceed last week’s highs (NAZ 100, & S&P 500). The NASDAQ 100 Index had a big bounce up off the Pink Line (10-day avg.) to avoid a short term Sell Signal. The DOW 30 Index And Small Caps are weaker.
Long Term Interest Rates have dropped enough where they should bounce up soon, and Stocks probably won’t like that. FEAR has also disappeared,
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 1/23/2023 NONE TODAY
BUYS TOMORROW
ROIV ROIVANT SCIENCES LTD Wait for Money Wave Close > 20 with High Volume.
SARK INVERSE ARKK INNOVATION FUND Wait for Triple Buy (3 Green Circles) on 60-min Chart.
TEVA TEVA PHARMA 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
FCX FREEPORT MCMORAN COPPER 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
CPRX CATALYST PHARMA EXIT if it is going to Close below the Pink Line around $19.68. The Target was already Hit for a 10.9 % Gain.
PSQ INVERSE NASDAQ 100 FUND Lower Sell Stop Loss below the Green Line of $13.60 until it bottoms.
TSLQ INVERSE TESLA FUND Lower Sell Stop Loss below $62.50 until it bottoms. TSLQ is back down in the Green Zone. TSLA stock is still below the 50-day avg. with only 0.4 Relative Strength. TSLA should go down once more.
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DAY TRADING SETUPS. Look for Triple Buy Pops (3 Green Circles). Movers today: MARA (+10%) TQQQ (+7%) TARK (+8%) & SOXL (+14%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down again today and are Below the Green Line.
Crude Oil was down $0.07 today at $81.57.
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.
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– ROIV