Money Wave Alert! Mar 15, 2021

POST UPDATED: February 9, 2024

Table of Contents

RIOT Chart
Target was Hit at $66 on Riot Blockchain (RIOT) for a 23.1 % Gain.

Markets were slightly higher today on follow thru Buying from the Good News of more Stimulus Money. The Indices and almost all of the Leaders and Current Positions now back up in the Red Zones (probably too late to Buy for the Short Term.)  There are no Leaders in the Green Zones and the Watch List is tiny, which says CAUTION. Now is the time to use discipline, and WAIT for Green Zone Buy Signals.

The S&P 500 Index needs to make New Highs soon for this rally to continue. The better trades happen when the S&P 500 Index is also in the Green Zone  (now back up in the Red Zone). 

Bonds  were up slightly today, but are below the Green Line.

Crude Oil was down $0.37 today at $65.35.

BUYS TODAY    3/15/2021   

GE      GENERAL ELECTRIC         Money Wave Buy today. GE will not be logged as it is already up 5.75 % Today.  Maybe you were able to Buy on Jump Start.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.  These have more risk.   

JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)   

NONE TODAY

____________________________________________________________________________________________________________

WATCH LIST

WATCH LIST SCROLLING CHARTS (Real Time)       

GT      GOODYEAR TIRE      Money Wave must Close in the Green Zone.

MRO      MARATHON OIL        Money Wave must Close in the Green Zone.

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).

____________________________________________________________________________________________________________

SELLS TODAY  

GRTS      GRITSTONE ONCOLOGY      EXIT if it is going to Close below the Pink Line around $14.41.  This trade was not logged.

PLUG      PLUG POWER      EXIT if it is going to Close below your Buy Price, or $46.58.  This trade was not logged.      

RIOT      RIOT BLOCKCHAIN      Target was Hit at $66 for a 23.1 % Gain.  This trade was not logged.     

SINO      SINO GLOBAL SHIPPING      Target was Hit at $8 for a 44.7 % Gain.  This trade was not logged. 

Please update your Sell Stops.    

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 Mar 1, 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.  These have more risk.   

Related Post

Money Wave Alert! Mar 12, 2021

Become a Greenliner. Join Today

Candlestick. A Swing Traders Friend

A snapshot of the daily updates that help traders stay aligned with market direction.

Download our free ebook - Candlestick A swing traders friend