Markets were lower today as the Herd finally started to worry about Inflation and Higher Interest Rates. US Dollar Gapped Up again today on expectations of Higher Interest Rates later from a growing Economy. The NASDAQ 100 Tech Fund (QQQ) is holding up very well today compared to the other Indices.
The DOW 30, NYSE and Small Cap Indices are currently below the Red Lines (50-day avgs.) but are quickly down in the Green Zones (probably too late to Sell for the Short Term). Looks like the Markets had a Short Term “Double Top”.
NEW SUBSCRIBERS: 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 (very soon!).
Lots of Buy Signals soon on DAY TRADING SETUPS
Bonds were up today, but are below the Green Line.
Crude Oil was up $0.66 today at $71.70.
BUYS TODAY 6/18/2021 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.)
BNTX BIONTECH SE Buy above $217.10 with High Volume with a 5% Trailing Sell Stop Loss below it.
CLF CLEVELAND CLIFFS INC. Wait for Money Wave Close > 20 with High Volume.
DBC COMMODITY FUND 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 the Pink Line around $14.20 with High Volume with a 5% Trailing Sell Stop Loss below it.
BTU PEABODY ENERGY Money Wave must Close in the Green Zone.
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.
UONE URBAN ONE 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
AMAT APPLIED MATERIALS EXIT if it is going to Close below your Buy Price, or $136.82. This trade was not logged.
F FORD MOTOR CO. Lower Sell Stop Loss below the Red Line of $13.55 until it bottoms.
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.
HAVE A NICE WEEKEND!