Markets Gapped Up sharply higher on panic Buying this morning. Later there was some profit taking, but Emotions have become very high from FOMO (Fear of Missing Out).
The S&P 500, Small Caps, and NASDAQ 100 Indices made higher highs, but just last month most were told that a Recession was coming. The Leaders and Indices are back up in the Red Zones (probably too late to Buy for the short term). The Market has not pulled back yet enough recently to get any good Money Wave Buy Signals (Greed is too High)..
Please be patient and wait for Buy Signals for that are still Above the Green Lines. SOON – CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.
_________________________________________________________________________________________________________________
BUYS TODAY 2/2/2023 NONE TODAY
BUYS TOMORROW
TCOM TRIP.COM GROUP Wait for Money Wave Close > 20 with High Volume.
VRNA VERONA PHARMA PLC 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
ROIV ROIVANT SCIENCES LTD Buy above $8.79 with High Volume with a 3% Trailing Sell Stop Loss below it.
TSLQ INVERSE TESLA FUND Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
VALE VALE STEEL 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
GDX GOLD MINERS FUND EXIT if it is going to Close below Support of $31.53. This trade was not logged.
SLB SCHLUMBEGER LTD EXIT if it is going to Close below Support of $54.07. This trade was not logged.
________________________________________________________________________
DAY TRADING SETUPS. Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: BBBY (+20%) UPST (+26%) SOXL (+16%) & TARK (+15%). ( Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Below the Green Line.
Crude Oil was up $1.98 today at $76.89.
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 Feb 1, 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
– TCOM