Markets were lower today as the Indices were up in the Red Zones (probably too late to Buy for the Short Term). The S&P 500 is trying to hold above the Pink Line (10-day avg.) of 4174 to avoid a Short Term Sell Signal.
The major Indices are on near Highs and over-bought. Trading would be better if the Markets could pull back down to the Red Lines (50-day avgs.) to bring in more Buyers. Don’t Buy Investments when they are in the Red Zones (probably too late to Buy for the Short Term).
NEW SUBSCRIBERS: Please WAIT for the Watch List below to become larger to set up some good trades. The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were down again today, and are below the Green Line.
Crude Oil was down $1.50 today at $63.51.
BUYS TODAY 4/29/2021 NONE TODAY
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NEW! JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
TRIP TRIPADVISOR INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AEO AMERICAN EAGLE OUTFITTERS Wait for Money Wave Close > 20 with High Volume.
NWSA NEWS CORP. Wait for Money Wave Close > 20 with High Volume.
STKL SUN OPTA INC. Buy above the Pink Line with High Volume with a 5% Trailing Sell Stop Loss below it.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
KOPN KOPIN CORP. EXIT if it is going to Close below the Pink Line around $8.34. This trade was not logged.
OXY OCCIDENTAL PETE. Stopped Out today as OXY slipped below the Buy Price of $25.55. This trade was not logged.
PLAY DAVE & BUSTER’S EXIT if it is going to Close below the Pink Line around $45.75. This trade was not logged.
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARD
DAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Apr 4, 2021
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and out of the Green Zone).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys 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.
HAVE A SAFE WEEKEND!