Markets were lower again today as the Indices are re-testing last week’s Lows and the Red Lines (50-day avgs.). This could be setting up for a Bullish “W” Pattern back up if Selling Volume is low. Then the DOW 30 Index and the S&P 500 would need to make Higher Highs to avoid a “Double Top”. Many Investments were quickly back up in the Red Zones (probably too late to Buy for the Short Term). The Volatility Index ($VIX) is not surging up like it did last week, which indicates Investors are not worried as much this time down.
The BitCoin Fund is down to the Green Line after a 48 % Drop, and might be a good longer Term Buy soon (must bounce off the Green Line + Above 80 Relative Strength). Remember, all Investments eventually return to their Green Lines.
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Low Volume recently has WARNED us against Buying heavily. 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.
Some new adds on DAY TRADING SETUPS
Bonds were down slightly today, and are below the Green Line.
Crude Oil was down $2.04 today at $63.55.
BUYS TODAY 5/19/2021 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.)
BTX BROOKLYN IMMUNO 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 SCROLLING CHARTS (Real Time)
CLNE CLEAN ENERGY FUELS Buy above $8.65 with High Volume with a 5% Trailing Sell Stop Loss below it.
EYES SECOND SIGHT MEDICAL Buy above the Pink Line ($5.33) with High Volume with a 5% Trailing Sell Stop Loss below it.
OCGN OCUGEN INC. Buy above $9.59 with High Volume with a 5% Trailing Sell Stop Loss below it.
RIOT RIOT BLOCKCHAIN Buy above $26.95 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
AFMD AFFIMED THERA. Slipped below the Buy Price of $9.38 and was Stopped Out. (Don’t Take a Loss!).
CLR CONTINENTAL RESOURCES EXIT if it is going to Close below the Pink Line around $30.44. The Target was already Hit for an 15.7% Gain.
RIG TRANSOCEAN INC. EXIT if it is going to Close below the Pink Line around $3.89. This trade was not logged.
UEC URANIUM ENERGY CORP. EXIT if it is going to Close below the Pink Line around $3.07. This trade was not logged.
X USX US STEEL GROUP EXIT if it is going to Close below Support of $24.75. This trade was not logged.
XLE ENERGY FUND EXIT if it is going to Close below the Pink Line around $53.03. The Target was already Hit for an 8.1% Gain.
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
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DAY TRADING SETUPS
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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.
I think ATGL should look at buying CORN and possibly SOYB. SCTRs above 90, money wave close to 20 and could turn up.
Yes, those are very Strong, Dylan. But the daily Volume is below 1 MIL minimum that we use for liquidity purposes.
There is an Agriculture ETF (DBA), but the Relative Strength is only 70. We plan on Buying DBG Commodity Fund soon on the next Money Wave Buy Signal.
DBC Chart
Great – thank you for clarifying volume rules.