Markets were higher today as the S&P 500 Index is trying to get back above the Red Line (50-day avg.) of 4404. The S&P 500 Index and could have finished with an A-B-C Correction. Then the S&P 500 could go 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: Leaders have had some Money Wave Pops. But we normally need good Volume for the bounce to last more than one day. Most pops have been on below average Volume. The better trades happen when the S&P 500 Index is in the Green Zone.
Triple Buys today for CEI (+100%) & MMAT (+8%) MRIN (+7%) AMC CRVS GSAT & OCGN . Soon for BTU & IRNT in DAY TRADING SETUPS.
Bonds were down today, and are back Below the Green Line.
Crude Oil was up $1.31 today at $78.34.
BUYS TODAY 10/7/2021
DKS DICKS SPORTING GOODS Money Wave Buy today, but DKS will not be Bought or Logged as the Volume is below average of 2.6 MIL.
MRIN MARIN SOFTWARE INC. Money Wave Buy today, but MRIN will not be Bought or Logged as the Volume is below average of 10.4 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.)
BBIG VINCO VENTURES INC. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
LIFE ATRY PHARMA INC. Buy above $8.82 with High Volume with a 5% Trailing Sell Stop Loss below it.
AMC AMC ENTERTAINMENT Buy above the Pink Line around $37.68 with High Volume with a 5% Trailing Sell Stop Loss below it.
_________________________________________________________________________________________________
WATCH LIST SCROLLING CHARTS (Real Time)
NONE TODAY
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
F FORD MOTOR CO. F is up 5.8 % today. RAISE the Sell Stop Loss just below your Buy Price (Don’t Take a Loss!)
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.
