Markets were lower today as the Big Tech and Semiconductors lost much of the big gains from yesterday. The S&P 500 Index went up and made a slightly Higher High, but the other major Indices finally pulled it back down. The Markets are very nervous at this time.
We need to see Higher Volume to push through Resistance, and the stronger S&P 500 and NASDAQ 100 Indices need to exceed the November Highs to remain Bullish.
New Investors: Many of the Indices dipped down into the Green Zones yesterday, but the Rules require that we have to WAIT for a Close in the Green Zone. Please WAIT for more Green Zone Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone.
Only a couple Pops today from Triple Buys: ISIG (+23%) & $VIX (+13%) Many more should be setting up soon in DAY TRADING SETUPS. Try out the New Side by Side layout.
NEW! DAY TRADING FOR INDICES & LARGE CAPS.
Bonds were down again today, but are Above the Green Line.
Crude Oil was up $0.88 today at $71.61.
BUYS TODAY 12/16/2021
ACI ALBERTSONS CO. Money Wave Buy today, but ACI will not be Bought or Logged as the Volume is below average of 1.6 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
_________________________________________________________________________________________________
JUMP START STOCKS Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.
ITB HOME BUILDING FUND Money Wave must Close in the Green Zone
_________________________________________________________________________________________________
SWING TRADING WATCH LIST (Click here) WATCH LIST SCROLLING CHARTS
NVDA NVIDIA CORP. Money Wave must Close in the Green Zone
QQQ NASDAQ 100 FUND Money Wave must Close in the Green Zone.
SMH SEMICONDUCTOR FUND Money Wave must Close in the Green Zone.
UPST UPSTART HOLDINGS Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal).
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).
____________________________________________________________________________________________________________
SELLS TODAY
BKKT BAKKT HOLDINGS EXIT if it is going to Close below Support of $11.90. This trade was not logged.
LAC LITHIUM AMERICAS EXIT if it is going to Close below Support of $29.82. This trade was not logged.
UPST UPSTART HOLDINGS LOWER the Sell Stop Loss below $135 until it bottoms. The Money Wave is in the Green Zone.
MY TRADING DASHBOARD
DAY TRADING SETUPS
TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Dec 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.
Related Post
– ACI