Markets were mostly lower again today as the S&P 500 Index is still struggling at Resistance. Volume was very low again as the Markets are waiting for an important FED Meeting to end on Wednesday. The Metals were lower on profit taking. Tech and Small Caps were weaker, but Crude Oil prices made New Highs again today as Inflation picks up.
The Indices are staying above the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. The sideways battle continued as to whether the Indices make New Highs, or “Double Top”.
NEW SUBSCRIBERS: Please WAIT for the Volume to improve (not many Buyers left). 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.
Bonds were lower again today, and are below the Green Line.
Crude Oil was up $1.38 today at $72.26.
BUYS TODAY 6/15/2021
COF CAPITAL ONE FINANCIAL Money Wave Buy today, but COF will not be bought or logged as the Volume is below average of 3 MIL.
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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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BTX BROOKLYN IMMUNO Wait for Money Wave Close > 20 with High Volume.
F FORD MOTOR CO. Wait for Money Wave Close > 20 with High Volume.
GT GOODYEAR TIRE Wait for Money Wave Close > 20 with High Volume.
TELL TELLURIAN INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
BB BLACKBERRY LTD. Buy above $14.75 with High Volume with a 5% Trailing Sell Stop Loss below it.
FCX FREEPORT COPPER Relative Strength is now Below 90. Avoid at this time.
LB L BRANDS INC. Money Wave must Close in the Green Zone.
TSLA TESLA INC. Buy above $635.59 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.
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
SB SAFE BULKERS INC. EXIT if it is going to Close below the Pink Line around $3.88. The Target Hit was already Hit for an 11.1 % Gain.
VALE VALE STEEL SA EXIT if it is going to Close below the Pink Line around $22.30. (Both positions).
X USX US STEEL GROUP EXIT if it is going to Close below the Pink Line around $26.67.
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
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Jun 2, 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.