Markets were much higher today as the S&P 500 Index bounced up at the Support of last week’s Low of 4306. Then some above average Buying Volume came in. Now the S&P 500 Index might do a “W” pattern back up to re-test the Highs.
Try to only Buy new money investments that held above the Red Lines, as they tend to bounce first.
New Investors: Please realize that the Markets have Doubled since March 2020 Covid Lows. Smart Money is hesitant to Buy up near the Highs, as eventually the Indices will return back down to the Green Lines (on some Bad News). Maybe look into DAY TRADING SETUPS. The better trades happen when the S&P 500 Index is in the Green Zone.
Triple Buys today for BTU (+5%) HUT (+10%) QQQ SPY & XLK. Soon for AFRM CRVS GSAT IRNT MMAT MRIN & OPAD in DAY TRADING SETUPS.
ETF SECTOR ROTATION SYSTEM END OF 3RD QUARTER – These 5 Funds were bought at the Opening today (Oct 1st): XLF (Financial), XLE (Energy), SPY (S&P 500 Fund), IWM (Small Caps), & XRT (Retail Fund). Please try to have 20% in each Fund.
Bonds were up today, but are back Below the Green Line.
Crude Oil was up $0.62 today at $75.65.
BUYS TODAY 10/1/2021
XLRE REAL ESTATE FUND Money Wave Buy today. Target is $47.50. EXIT if it is going to Close below $44.40.
AMC AMC ENTERTAINMENT Tried to get above the Pink Line around $38.77 today, but the Volume was below average again. AMC will not be bought or logged.
ZS ZSCALER INC. Money Wave Buy today, but ZS will not be Bought or Logged as the Volume was below average of 1.6 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
_________________________________________________________________________________________________
JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
DKS DICKS SPORTING GOODS Wait for Money Wave Close > 20 with High Volume.
NVDA NVIDIA CORP. Wait for Money Wave Close > 20 with High Volume.
_________________________________________________________________________________________________
WATCH LIST SCROLLING CHARTS (Real Time)
LIFE ATRY PHARMA INC. Wait for Money Wave Close > 20 with High Volume.
MRNA MODERNA INC. 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).
____________________________________________________________________________________________________________
SELLS TODAY
DVAX DYNAVAX TECH EXIT if it is going to Close below the Pink Line around $18.02. The Target was already Hit for a 14.2 % Gain.
Click for CURRENT POSITION SCROLLING 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
New TOP 100 LIST Updated Oct 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.
HAVE A NICE WEEKEND!
