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February 2, 2024

Money Wave Alert! Feb 2, 2024

XLK Chart
Swing Trade Buy on tech Fund (XLK) today, but Volume is low,
SWING TRADING (SHORT TERM)
Watchlist and Charts
Watch ListWatch List Charts
Current PositionsCurrent Charts
Closed ResultsTrading Dashboard

2/1/2024  Markets were higher today as META and AMZN surged higher on better than expected Earnings. The Semiconductors are struggling back up this time except for NVDA. 

The Markets are very frustrating as the Buying Volume is constantly low and the Leaders and Big 7 are still very over bought recently from panic Buying. Low Volume is not normally a Bullish indicator, and Smart Money is being cautious now. The weaker Indices need to make higher highs soon for this rally to continue.   

Wait for more Buy Signals soon, 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. 

______________________________________________________________________________

BUYS TODAY   2/2/2024       

AVGO      BROADCOM INC.    Swing Trade Buy on Broadcom Inc. AVGO today, but the Volume is low (* 2 Star trade).

XLK      TECH FUND    Swing Trade Buy on the Tech Fund XLK today, but the Volume is low (* 2 Star trade).

 * 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). 

BUYS TOMORROW                  

QQQ      NASDAQ 100 FUND      Money Wave Must Close in the Green Zone. 

WDC       WESTERN DIGITAL INC.      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                     

SMH      SEMICONDUCTOR FUND      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           

CRDO      CREDO TECH    The Target was Hit at $22 for a 7 % Gain. (2 Star trade).     

FYBR      FRONTIER COMM.      EXIT if it is going to Close below the Pink Line around $24.54. Target Hit at $25.50 for a 6.5 % Gain.

________________________________________________________________________

DAY TRADING SETUPS.  Today 5 trades for $955.00. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications. Also follow our Trading Room for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today:  AAOI (+15%) NVDA (+5%) & TQQQ (+6%). Try out the Side by Side layout.      

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were down big today and are Below the Green Line.  

Crude Oil was down $1.68 today at $72.14.

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, 2024

 * 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).   

 

HAVE A NICE WEEKEND!

Related Post

– AVGO

Investing with Rules.

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