Markets were mostly lower today as the Indices are over-bought. Volume was very low for the Holiday week. Most of the Indices made New Highs again. Markets might hold up until next week. The Markets need to exceed the recent Highs to remain Bullish.
NEW: MY TRADING DASHBOARD
New Subscribers: Markets are currently very High because Interest Rates are very low. Greed has overcome logic for many Investors, causing them to “Panic Buy”. The Leaders will eventually come back down to the Green Zones for Money Wave Buys, so now we must be patient and wait for them to come back down. The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were mixed today.
Crude Oil was up $0.48 today at $48.02.
BUYS TODAY 12/29/2020
SNAP SNAP INC. Money Wave Buy today. SNAP will not be logged as it is already up 5 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
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GPS GAP INC Buy above $20.84 on High Volume. Relative Strength has become weak.
Money Wave Buys Signals Soon (3 Days-3 Weeks Short Term): (Best to Buy the.se when the S&P 500 is also in the Green Zone.)
These Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
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
APPN APPIAN CORP. EXIT if it is going to Close below the Pink Line around $154.25.
CBAT CBAK ENERGY TECH EXIT if it is going to Close below the Pink Line around $5.55.
CYH COMMUNITY HEALTH EXIT if it is going to Close Support of $7.40. This trade was not logged.
Click for CURRENT POSITIONS and adjust your Sell Stops.
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
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Dec 3, 2020
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.
What happened to the buy of GPS on 23 Dec?
The Volume was very poor for GPS on the Money Wave Buy day (Dec 23). Rather than “Not Log” the trade, we RAISED the Buy Price above $20.84 for the next day. Now GPS has turned into a dog.
BUYS TODAY 12/24/2020
GPS GAP INC Buy above $20.84 on High Volume.
BUYS TODAY 12/23/2020
GPS GAP INC Closing above the Pink Line but the Volume is poor. We will not log this trade.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
GPS Chart