Markets were lower today as Institutions took profits from the Holiday rally on low Volume. Institutions were away, so no Sellers last week. Most of the Indices made New Highs this morning, and then sold off. The Gold Miners (GDX) were sharply Higher. Please be patient and WAIT for more Money Wave Buys soon.
New Subscribers: Markets are currently very High now because Interest Rates are very low. Speculation levels are high now, and many Investors have “Panic Bought”. 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.
ETF SECTOR ROTATION SYSTEM On Dec 31, 2020, the 5 Funds will be Sold on the Close. On Jan 4, 2020, 20 % of the account value will be allocated into these 5 Funds: SPY, EEM, SLV, IWM & QQQ on the Close. (Or you can just swap EFA for IWM, and try for 20 % allocation in each of 5 Funds).
Bonds were mixed today.
Crude Oil was down $1.22 today at $47.30.
BUYS TODAY 1/04/2021 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
GME GAMESTOP INC. EXIT if it is going to Close below the Pink Line around $18.72. Target was Hit at $17 for a 22.74 % Gain. This trade was not logged.
LAZR LUMINAR TECH EXIT if it is going to Close below the Pink Line around $33.33. Target was Hit at $36 for a 38.2 % Gain. This trade was not logged
UMC UNITED MICRO EXIT if it is going to Close below the Pink Line around $8.32. This trade was not logged.
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.
Related Post
– ROKU
What is happening to fdx?
The Relative Strength of FDX dropped below 90, so it does not meet the Short Term Rules.
FDX will probably be a Long Term Buy in a few weeks.
FDX Chart