Markets were lower again today as yesterday’s bounce up off the Pink Lines (10-day avgs.) was weak and more Selling came in. This created a Short Term Sell Signal. Many stocks were down today, but the Selling was not heavy
Many Leaders are quickly coming back down into the Green Zones for more Money Wave Buys soon. Quarterly Earnings are starting to come out.
NEW SUBSCRIBERS: Markets are Way Above the Green Lines and Buying has weakened for many stocks. That is when new investors LOSE Money. Please WAIT for the Volume to improve. The low Volume recently has WARNED us against Buying much at this time. The better trades happen when the S&P 500 Index is also in the Green Zone.
Waiting on some good bounces soon on DAY TRADING SETUPS
Bonds were up today, and are back above the Green Line.
Crude Oil was down. $0.10 today at $71.55.
BUYS TODAY 7/16/2021 NONE TODAY
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
AMC AMC ENTERTAINMENT Wait for Money Wave Close > 20 with High Volume.
NEGG NEWEGG COMMERCE Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AUUD AUDDIA INC. Wait for Money Wave Close > 20 with High Volume.
BB BLACKBERRY LTD. Buy above the Pink Line around $11.24 with High Volume with a 5% Trailing Sell Stop Loss below it.
BLIN BRIDGELINE SOFTWARE Wait for Money Wave Close > 20 with High Volume.
MMAT META MATERIALS INC. Buy above $4.70 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRIN MARIN SOFTWARE INC. Wait for Money Wave Close > 20 with High Volume.
MVIS MICROVISION INC. Buy above the Pink Line around $14.97 with High Volume with a 5% Trailing Sell Stop Loss below it.
NVDA NVIDIA CORP. Wait for Money Wave Close > 20 with High Volume.
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). DSX DIANA SHIPPING EXIT if it is going to Close below Support of $4.09. This trade was not logged.
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SELLS TODAY
DSX DIANA SHIPPING EXIT if it is going to Close below Support of $4.09. This trade was not logged.
F FORD MOTOR CO. LOWER the Sell Stop below $13.00, as F is back down in the Green Zone and should bounce soon.
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARDDAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Jul 5, 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.
HAVE A NICE WEEKEND!
Related Post
– BB
Nice, QUICK move on NEGG today. I happened to just enter the trade on the triple buy signal and it popped. Couple of minutes later, as I was still watching in my attempt to learn how to be NIMBLE, and then I sold for a nice profit.
Just want to say: THANK YOU.
You are welcome.
You took the time to follow a System, and you were rewarded!
ATGL
I’m new here, and looking forward to using the “Above The Green Line” trading system.
Ray
Thank you Ry.
Please watch the WATCH LIST SCROLLING CHARTS (Real Time)
and DAY TRADING SETUPS
during the day for setups.
Thank you,
ATGL