Markets were lower today as the DOW 30 and S&P 500 Indices were very over-bought and were back up in the Red Zones (probably too late to Buy for the Short Term). After today’s decline, the Indices are trying to hold above the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals.
New Investors: Please be patient and WAIT for a Market pull back. It will happen. Currently the Markets are so extended that the Money Wave Buy Signals are not popping up much. The Low Volume tells us that Smart Money is not participating up here on the Highs. The better trades happen when the S&P 500 Index is also in the Green Zone.
A few new adds on DAY TRADING SETUPS.
Bonds were up slightly today, and are Above the Green Line.
Crude Oil was down $0.66 today at $66.71.
BUYS TODAY 8/17/2021
MRNA MODERNA INC. Money Wave Buy today, but MRNA will not be bought or logged as it is already up 6% today. Maybe you bought early on the Jump Start.
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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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MRIN MARIN SOFTWARE Buy above the Pink Line around $5.66 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
BTBT BIT DIGITAL INC. Wait for Money Wave to Close > 20 with High Volume.
CHS CHICO FAS INC. Wait for Money Wave to Close > 20 with High Volume.
KKR KKR & CO. INC. Money Wave must Close in the Green Zone. (2nd Buy Signal soon).
LEDS SEMILEDS CORP. Buy above $10.11 with High Volume with a 5% Trailing Sell Stop Loss below it.
MMAT META MATERIALS INC. Buy above the Green Line of $3.75 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
F FORD MOTOR CO. LOWER the Sell Stop Loss below $12.79 until it bottoms. F is back down in the Green Zone.
KKR KKR & CO. INC. LOWER the Sell Stop Loss below the Red Line of $61.12 until it bottoms.
Click for CURRENT POSITION SCROLLING 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 Aug 1, 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.