Markets were slightly lower today, but the NASDAQ 100 Big Tech was able to make a higher high. Volume was low again, as most of the Leaders are up in the Red Zones (probably too late to Buy for the short term). The FAANG Stocks (mainly AAPL GOOGL META & MSFT) are being bought for a “flight to quality”, while the Small Caps are weak.
We can’t find many stocks to Buy as the Markets have not pull backed yet. There are only 4 securities on the WATCH LIST. Now the S&P 500 and the DOW 30 Indices need to make higher highs than last week for this rally to continue.
Please be patient and wait for Buy Signals for ones 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.
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BUYS TODAY 5/11/2023 NONE TODAY
BUYS TOMORROW
IQ IQIYI INC Buy above $6.26 with High Volume with a 3% Trailing Sell Stop Loss below it.
LVS LAS VEGAS SANDS CORP. Buy above the Pink Line (10-day avg .) of $62.58 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
AU ANGLOGOLD ASHANTI LTD. Wait for Money Wave Close > 20 with High Volume.
HIMS HIMS & HERS HEALTH 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
AGI ALAMOS GOLD INC. EXIT if it is going to Close below the Pink Line around $15.32. The Target was already Hit for a 5.3% Gain.
GDX GOLD MINERS FUND EXIT if it is going to Close below the Pink Line around $34.70. The Target was already Hit for a 3.7% Gain.
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DAY TRADING SETUPS. We have a new Discord Site for Live Chatting. Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: LABD (+5%) RBLX (+5%) & SIGA (+6%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up again today but are Below the Green Line.
Crude Oil was down $1.13 today at $71.43.
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 May 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.
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