Markets were lower today as the Large Tech Stocks finally had some mild profit taking. The leading S&P 500, DOW 30, and NASDAQ 100 Indices went down near their Pink Lines (10-day avgs.) and bounced back up some to avoid Short Term Sell Signals. Now we will see if the Indices can make more Highs on the bounce, or stall out.
Earnings will be out after the Close today on Alphabet (Google), Apple, and Microsoft.
The Markets are on Highs, but the Buying is not broad based. Investor’s Greed has caused FOMO (FEAR OF MISSING OUT), so many emotional Investors have piled in up here because they don’t have the patience to WAIT for a pull-back.
NEW SUBSCRIBERS: Many Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term). But several strong Stocks on the WatchList below have pulled back 30-50%, and should have nice bounces back up soon. Most of the Buying last week was the very Largest Stocks, of which most had lower Relative Strength. The better trades happen when the S&P 500 Index is also in the Green Zone (now back up in the Red Zone again).
One nice pop today on XELA on DAY TRADING SETUPS
Bonds were up today, but are back above the Green Line.
Crude Oil was down $0.323 today at $71.59.
BUYS TODAY 7/27/2021 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.)
MMAT META MATERIALS INC. Buy above $4.24 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
AUUD AUDDIA INC. Buy above $4.03 with High Volume with a 5% Trailing Sell Stop Loss below it.
BB BLACKBERRY LTD. Buy above $10.90 with High Volume with a 5% Trailing Sell Stop Loss below it.
LEDS SEMILEDS CORP. Buy above the Pink Line around $9.78 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRIN MARIN SOFTWARE INC. Buy above the Pink Line around $8.84 with High Volume with a 5% Trailing Sell Stop Loss below it.
NEGG NEWEGG COMMERCE Buy above the Pink Line around $26.48 with High Volume with a 5% Trailing Sell Stop Loss below it.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST. XRT RETAIL FUND
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
XRT RETAIL FUND EXIT if it is going to Close below the Pink Line around $94.62. This trade was not logged.
Click for CURRENT POSITION SCROLLING CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARD
DAY 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.
Is SCTE> 90 because of the quality of the stock or because of the chart setup?
Hi Linda. I am not sure what your question is.
We want to Buy only the Top 10 percent of Investments. Investments with Relative Strength (or SCTR) greater than 90 means that most Investors LOVE them and Believe very strongly in then.
But that affection causes the Investment to become very over-bought. So we use the Green & Red Zones for better entry and Exit points.
Thanks for writing!
ATGL