SPY Chart
The S&P 500 Index is now back down to the Red Line (50-day avg.)

Markets were lower again today, as the DOW 30 Index and the S&P 500 are finally correcting down to their Red Lines (50-day avgs.) Now Investors are a little scared (FEAR), which is when we like to Buy soon. The DOW 30 is the strongest Index, and the NASDAQ 100 is the weakest.

Oil Stocks were higher but are back up in the Red Zones (probably too late to Buy for the Short Term).

NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Watch List has grown as many Momentum have pulled back down into the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone (very soon). 

New adds today to DAY TRADING SETUPS

Bonds  were down again today, and are below the Green Line.

Crude Oil was up $0.44 today at $65.73.

BUYS TODAY    5/12/2021   NONE TODAY

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NEW! 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.   

CLNE      CLEAN ENERGY FUELS      Wait for Money Wave Close > 20 with High Volume.   

VUZI      VUZIX CORP.       Buy above $17.41 with High Volume with a 5% Trailing Sell Stop Loss below it.

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WATCH LIST

WATCH LIST SCROLLING CHARTS (Real Time)       

AMAT      APPLIED MATERIALS       Wait for Money Wave Close > 20 with High Volume.     

RIOT      RIOT BLOCKCHAIN      Wait for Money Wave Close > 20 with High Volume. 

STKL      SUN OPTA INC.      Buy above the Pink Line with High Volume with a 5% Trailing Sell Stop Loss below it.     

TRIP      TRIPADVISOR INC.      Buy above $47.81 with High Volume with a 5% Trailing Sell Stop Loss below it.     

ZKIN      ZK INT’L. GROUP      Buy above $5.59 with High Volume with a 5% Trailing Sell Stop Loss below it.  (2n).d Buy Signal soon

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   

STX      SEAGATE TECH      EXIT if it is going to Close below Support of $86.22. This trade was not logged.

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 May 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, or Low Volume. These have more risk.       

Related Post

Money Wave Alert! May 11, 2021

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