Markets were mixed today as the Buying has basically dried up. The Markets are up on Highs in a stalemate of FOMO (Fear Of Missing Out) and mostly very over-bought on the charts.
Many of the Big Cap and Big Tech Stocks are back up in the Red Zones (probably too late to Buy for the Short Term). The DOW 30 and S&P 500 Indices are trying to complete a Bullish “W” Pattern back up to re-test the recent Highs. Then the DOW 30 Index and the S&P 500 would need to make Higher Highs to avoid a “Double Top”.
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Low Volume recently has WARNED us against Buying much at this time. 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 nice pops today on DAY TRADING SETUPS
Bonds were down slightly today, and are below the Green Line.
Crude Oil was up $0.06 today at $66.13.
BUYS TODAY 5/26/2021
RIOT RIOT BLOCKCHAIN Bought above $26.95 today with a 5% Trailing Sell Stop Loss below it (now $27.19) Target is $55.00
VALE VALE STEEL SA Money Wave Buy today. Target is $23.00. EXIT if it is going to Close below the Red Line of $19.73. (2nd Buy Signal soon).
AEO AMER. EAGLE OUTFITTERS Money Wave Buy today but AEO will not be bought or logged as it is already up 5.2 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
AA ALCOA CORP. Buy above $37.07 with High Volume with a 5% Trailing Sell Stop Loss below it.
BTU PEABODY ENERGY CORP. Wait for Money Wave Close > 20 with High Volume.
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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.
OCGN OCUGEN INC. Buy above the Pink Line around $8.49 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 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.