Markets were up sharply again today as more Leaders bounced up out of the Green Zones for Money Wave Buy Signals. Now the Leaders must make New Highs soon for this rally to continue. The Indices have bounced up off the Red Lines (50-day avgs.) but the Buying Volume today is not strong. The Low Volume could indicate a lack of serious Buyers.
New Subscribers: Markets have bounced up out of the Green Zones for Money Wave Buys, but most of the Leaders are still Way Above the Green Lines. We are being conservative and only Buying now if the Volume is High (at lease 1.25 X the 50-day avg. Volume). The better trades happen when the S&P 500 Index is also in the Green Zone.
Several new adds to the DAY TRADING SETUPS.
Bonds were down again today, and are below the Green Line.
Crude Oil was up $1.14 today at $54.79.
BUYS TODAY 2/2/2021
F FORD MOTOR CO. Money Wave Buy today. F will not be logged as the Volume is below average of 77.3 MIL.
SCHW CHARLES SCHWAB CORP. Money Wave Buy today. SCHW will not be logged as the Volume is below average of 8.6 MIL.
TAN SOLAR FUND Money Wave Buy today. TAN will not be logged as it is already up 4.9 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BB BLACKBERRY LTD. This was a Short Squeeze last week.
QS QUANTUMSCAPE CORP. Buy above the Pink Line around $46.41 on High Volume with a 5 % Trailing Sell Stop Loss below it.
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BBBY BED BATH & BEYOND This was a Short Squeeze last week.
M MACY’S INC. This was a Short Squeeze last week.
QS QUANTUMSCAPE CORP. Buy above the Pink Line around $46.41 on High Volume with a 5 % Trailing Sell Stop Loss below it.
RUN SUNRUN INC. Relative Strength is below 90. Avoid.
SID COMPANHIA SIDERURGICA SA Buy above the Pink Line around $5.95 on High Volume with a 5 % Trailing Sell Stop Loss below it.
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).
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SELLS TODAY
GME GAMESTOP CORP. EXIT if it is going to Close below the Pink Line around $155.99. The Target has already been Hit.
KODK EASTMAN KODAK EXIT if it is going to Close below the Pink Line around $9.77. The Target has already been Hit.
M MACY’S INC. EXIT if it is going to Close below the Pink Line around $14.43. The Target has already been Hit.
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 Jan 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.