Markets were lower higher today as the Tech Stocks dumped. Treasury Secretary Yellen Says Interest Rates may have to rise to keep the Economy from overheating. Oh my, what a surprise, and the Bond Market agrees with Yellen. But the FED says Low Rates all year. Who do we believe?
Let’s just Follow the Money, not paid Bureaucrats. The Long Bond has dropped 20 % in the last year, telling us that the Economy and Inflation have picked up. The Stock Markets are Way Above the Green Line on hopes of Low Interest Rates all year. But we also know that the Markets will return to the Green Lines…
The S&P 500 and the NYSE slipped below the Pink Lines (10-day avgs.) today, which created Short Term Sell Signals. The Indices were up in the Red Zones (probably too late to Buy for the Short Term).
Trading would be better if the Markets could pull back down to the Red Lines (50-day avgs.) like the NASDAQ 100 did today. This would bring in more Buyers. Don’t Buy Investments when they are in the Red Zones (probably too late to Buy for the Short Term).
NEW SUBSCRIBERS: Please WAIT for the Watch List below to become larger to set up some good trades. The better trades happen when the S&P 500 Index is also in the Green Zone.
Several new adds today to DAY TRADING SETUPS
Bonds were up today, but are below the Green Line.
Crude Oil was up $1.20 today at $66.69.
BUYS TODAY 5/4/2021 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.)
AMAT APPLIED MATERIALS Wait for Money Wave Close > 20 with High Volume.
MVIS MICROVISION INC. Wait for Money Wave Close > 20 with High Volume.
TRIP TRIPADVISOR INC. Buy above $49.28 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
BCRX BIOCRYST PHARMA. Wait for Money Wave Close > 20 with High Volume.
KOPN KOPIN CORP. Wait for Money Wave Close > 20 with High Volume.
NWSA NEWS CORP. Money Wave must Close in the Green Zone.
STKL SUN OPTA INC. Buy above the Pink Line with High Volume with a 5% Trailing Sell Stop Loss below it.
STX SEAGATE TECH HOLDINGS 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).
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SELLS TODAY
CLNE CLEAN ENERGY FUELS Stopped Out today as CLNE slipped below the Buy Price of $10.81.
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.