Markets were higher again today as the S&P 500 and NASDAQ 100 Indices were able to make New Highs. Investors seem to only care about liquidity from the FED or borrowed by Congress (Infrastructure Bill is making progress today). Many of the Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term).
The DOW 30 Index and the Small Caps are weaker and have not been able to return back up to New Highs. In April, 93 % of the S&P 5oo stocks were above the Red Line (50-day avg.) Yesterday that number was only 44 % above the Red Line. Historically divergences like that along with the Low Volume would be major worry signs about a tired Market. But most don’t want to here that…
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.
Several good pops today on DAY TRADING SETUPS
Bonds were up today, but are below the Green Line.
Crude Oil was up $0.21 today at $73.29.
BUYS TODAY 6/24/2021
GT GOODYEAR TIRE Crossed above $17.54 today but the Volume was Low. AVOID.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
UONE URBAN ONE 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 $13.36 with High Volume with a 5% Trailing Sell Stop Loss below it.
HTZGQ HERTZ GLOBAL HOLDINGS Wait for Money Wave Close > 20 with High Volume.
TRCH TORCHLIGHT ENERGY 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 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.