Markets were mixed again today on very low Volume, because disciplined Investors don’t normally Buy when the Indices are Way Above the Green Lines and on Highs. Smart Money is waiting on a pullback like we had 3 weeks ago. The Market seems to be waiting on the Spending Bill vote, but that has been delayed. Many of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
There are several Money Wave Buy Signals today (see below), but the Low Volumes warns us not to to Buy in.
New Investors: Leaders are back up in the Red Zones. Please WAIT for the Leaders to correct back down into the Green Zones for more Money Wave Buys. It does not take that long. The better trades happen when the S&P 500 Index is in the Green Zone.
Several Triple Buys today: ANY (+6.5%) BTU (+5.5%) DNN (+6%) HX (+9%) OCGN (+13%) & AMC. Soon for ADMP BTU CIDM DWAC MARK & PHUN in DAY TRADING SETUPS. Try out the New Side by Side layout.
Bonds were down, but are back Above the Green Line..
Crude Oil was up $0.46 today at $84.03.
BUYS TODAY 11/01/2021
AMC AMC ENTERTAINMENT Money Wave Buy today, but AMC will not be Bought or Logged as the Volume is below average of 63.4 MIL. Maybe you bought this morning on the DAY TRADING SETUPS.
ANY SPHERE 3D CORP. Money Wave Buy today, but ANY will not be Bought or Logged as the Volume is below average of 33.9 MIL.
KOS KOSMOS ENERGY LTD. Money Wave Buy today, but KOS will not be Bought or Logged as it is already up 7.8% today.
RSX RUSSIA FUND Money Wave Buy today, but RSX will not be Bought or Logged as the Volume is below average of 3.45 MIL.
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 with High Volume).
AA ALCOA CORP. Wait for Money Wave Close > 20 with High Volume.
BTU PEABODY ENERGY Wait for Money Wave Close > 20 with High Volume.
LPTX LEAP THERA. Buy above the Pink Line around $2.87 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
EVH EVOLENT HEALTH INC. Buy above the $30.04 with High Volume with a 5% Trailing Sell Stop Loss below it.
MARK REMARK HOLDINGS Wait for Money Wave Close > 20 with High Volume.
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
NEW: MY TRADING DASHBOARD
DAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Nov 2, 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.
Do price labels on the charts indicate a change in direction in price.
Thanks
Possibly. That is a StockChart question. I don’t know how the labels are programmed.
I think the goal is to mark probable Highs and Lows (Swing areas) of the cycles.
ok thanks