Markets were mixed today as the sideways battle continued as to whether the Indices make New Highs, or “Double Top”. Oil Service Stocks were strong, and many made New Highs today. Crude Oil made a New High for the year above $68.75.
Many Indices and Big Caps are back up in the Red Zones (probably too late to Buy for the Short Term). The DOW 30 Index and the S&P 500 now need to make Higher Highs to avoid a “Double Top”. Please be Patient and WAIT for more Money Wave Buy Signals soon. There is only 1 name on the Watch List.
NEW SUBSCRIBERS: The Watch List below is down to only 1 Position (WAIT). 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.
Mostly Red Zones now on DAY TRADING SETUPS
Bonds were up slightly today, but are below the Green Line.
Crude Oil was up up $1.00 today at $68.75. (New High).
BUYS TODAY 6/2/2021
SB SAFE BULKERS INC. Money Wave Buy today. Target is $4.30. EXIT if it is going to Close below $3.56.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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WATCH LIST SCROLLING CHARTS (Real Time)
CLNE CLEAN ENERGY FUELS Buy above $8.65 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 NONE TODAY
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.