Markets were higher today as the “pajama boys” were in control while the Institutions were away. Volume was very low for the Holiday week. Most of the Indices made New Highs again, but many of the high momentum Stocks were down 5-8 %. More profit taking might not come in until next week.
The Markets need to exceed the recent Highs to remain Bullish. The new Stimulus Money is GOOD NEWS and Smart Money should take profits soon.
NEW: MY TRADING DASHBOARD
New Subscribers: Markets are currently very High because Interest Rates are very low. Greed has overcome logic for many Investors, causing them to “Panic Buy”. The Leaders will eventually come back down to the Green Zones for Money Wave Buys, so now we must be patient and wait for them to come back down. The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were mixed today.
Crude Oil was down $0.68 today at $47.65.
BUYS TODAY 12/28/2020 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
GPS GAP INC Buy above $20.84 on High Volume.
____________________________________________________________________________________________________________
Money Wave Buys Signals Soon (3 Days-3 Weeks Short Term): (Best to Buy the.se when the S&P 500 is also in the Green Zone.)
These Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
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
CARR CARRIER GLOBAL EXIT if it is going to Close below the Pink Line around $37.97. This trade was not logged.
MRNA MODERNA INC. LOWER the Sell Stop Loss below $105.00 until it bottoms.
Click for CURRENT POSITIONS and adjust your Sell Stops.
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
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Dec 3, 2020
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.
On ” Watch List-Day Trading Investments”, ZNOG last price is listed as $1.44 and Stock Charts shows $0.82. Also why wasn’t there a Money Wave Alert for MNKD?
The $1.44 price on ZNOG is in error. Recently ZNOG had a Symbol of ZN, so confusion of different quote Feeds.
MNKD had a Money Wave Alarm this morning, and there was no Volume. So we raised the Buy Stop above $3.58 and figured it would not trigger today. Looks like it did towards the Close. Sorry
ZNOG Chart
Can you tell me what the large numbers on some charts mean? For example 95 on FUTU and 92 on GNUS
Thanks
David
Hi David, the large numbers are the Relative Strength (since StockCharts does not have an R S on them).
FUTU Chart