Markets were higher today as the Big Tech went up, but not much else. The Indices are stretched Way Above the Green Lines and very over-bought for the Short Term., Longer Term Interest Rates are falling and Commodities were weaker, indicating that the Economy could be slowing down from higher prices.
The weaker DOW 30 Index and the Small Caps need to make New Highs soon for this rally to continue. Several Short Term positions below will be stopped out today as the broad Market is much weaker, and the Volume has been poor.
The very Strongest Leaders (mostly about 10 stocks) are quickly back up in the Red Zones (probably too late to Buy for the Short Term). Please WAIT for more Green Zone Buys soon. Smart Money is not Buying much up here on the Highs (low Volume).
NEW SUBSCRIBERS: Markets are Way Above the Green Lines. 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.
A weak day on DAY TRADING SETUPS
Bonds were up again today, and Closed back above the Green Line.
Crude Oil was down $1.28 today at $72.09.
BUYS TODAY 7/7/2021 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.)
ATOS ATOSSA GENETICS Wait for Money Wave Close > 20 with High Volume.
BB BLACKBERRY LTD. Buy above the Pink Line around $12.48 with High Volume with a 5% Trailing Sell Stop Loss below it.
MMAT META MATERIALS INC. Buy above $7.96 with High Volume with a 5% Trailing Sell Stop Loss below it.
SPCE VIRGIN GALATIC Wait for Money Wave Close > 20 with High Volume.
UONE URBAN ONE INC. Buy above the Pink Line around $8.91 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
DSX DIANA SHIPPING INC. Wait for Money Wave Close > 20 with High Volume.
F FORD MOTOR CO. Wait for Money Wave Close > 20 with High Volume. (2nd Buy signal soon).
MVIS MICROVISION INC. Wait for Money Wave Close > 20 with High Volume.
SESN SESEN BIO INC. 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).
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SELLS TODAY
CVE CENOVUS ENERGY EXIT is it is going to Close below Support of $9.33. This trade was not logged.
DBC COMMODITY FUND DBC slipped below the Buy Price of $18.85 today and was Sold. (Don’t Take a Loss!) This trade was not logged.
F FORD MOTOR CO. LOWER the Sell Stop Loss below the Red Line of $14.05 until it bottoms. This trade was not logged.
NIO NIO INC. EXIT is it is going to Close below the Pink Line of $48.67. (For Short Term & Long Term positions). The Target as already been Hit.
TSLA TESLA INC. EXIT is it is going to Close below the Red Line of $645.20. ((For Short Term & Long Term positions).
XLE OIL ENERGY FUND EXIT is it is going to Close below the Red Line of $52.69. This trade was not logged.
ZKIN ZK INT’L. GROUP EXIT is it is going to Close Support of $3.85. Maybe will Buy again soon on next Signal. This trade was not logged.
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.
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– ATOS