Money Wave Alert! Oct 21, 2024

POST UPDATED: October 21, 2024

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TLT Chart
Bonds dropped below the Green Line on FED Printing ($TLT).

SWING TRADING (SHORT TERM)
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TOP PICK OF THE WEEK
Current Pick and Chart

Top Pick of the WeekFeatured Stock Chart

10/21/2024  The Markets were mostly lower today as the DOW 30 Index dropped 400 points on mild Selling. The S&P 500  & DOW 30 Indices are back up to the recent highs, but are struggling to go higher. The FEAR is quickly gone again, and the S&P 500 & DOW 30 Indices are back up near the Red Zones (probably too late to Buy for the short term). The S&P 500 has important Support at 565.

Bonds dropped back down and went below the Green Line, keeping Stocks from rallying (higher long term Interest Rates). Long term Interest Rates rose from 3.9 % to 4.5%,

Wait for more Buy Signals coming up out of the Green Zones.  CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone. 

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TOP PICK OF THE WEEK!     On Holding AG ONON was bought on the Open today at $48.21. Sell on Friday’s Close.

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BUYS TODAY   10/21/2024     

KWEB      CHINA 300 FUND        Swing Trade Buy today, but the Volume is not high (2 Star trade).

TIGR      UP FINTECH HOLDING     Swing Trade Buy today, but the Volume is not high (2 Star trade).  

BUYS TOMORROW     

ADMA      ADMA BIOLOGICS        Wait for Daily Money Wave Close > 20 with High Volume.   

JD      JD. COM INC.      Wait for Daily Money Wave Close > 20 with High Volume. 

ZETA      ZETA GLOBAL HOLDINGS      Wait for Daily 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        

COMM       COMMSCOPE INC.        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.     

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.         

SELLS TODAY                 

CVNA      CARVANA CO.       EXIT if it is going to Close below the Pink Line around $191.26. The Target was already Hit $152 for a 13.8 % Gain.

LUMN         LUMEN TECH.      The Target was Hit a $7.57 for a 17.7 % Gain.     

RDFN      REDFIN CORP.      EXIT if it is going to Close below Support of $10.45.

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DAY TRADING SETUPS.  Today we had 3 trades for $220 at our Trading Room. Day Trading Alerts are now being sent out on our Discord Site with Live Chatting. Please install Discord app on your PC or cell for mobile notifications.     

Or look for Triple Buy Pops (3 Green Circles). Big Movers today: YANG + 6%, LUMN +8%,  WULF + 16%.   

BANANA HUNT TRADING CHARTS.

Bonds were down today and are Above the Green Line.  
Crude Oil was up $1.29 today at $69.98.   

NEW! TOP PICK OF THE WEEK!

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New TOP 100 LIST Updated Oct 1, 2024  

Important Links

Top 100Stage Chart InvestingCNN Fear & Greed Index
Dividend Growth PortfolioETF Sector PortfolioDogs of the Dow
Long Term StrategyStage Chart InvestingArticles
       

* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).

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