Markets were slightly higher today but the unusually Low Volume is creepy. Are the Buyers out of Money? The Retail Stocks that shot up last week have pulled back for trades soon. Most of the Leaders have bounced up out of the Green Zones but not many New Highs yet. The Indices need to make New Highs soon for the rally to continue.
Most of the Leaders are still Way Above the Green Lines. We are being conservative and only Buying now if the Volume is High (at lease 1.25 X the 50-day avg. Volume). The better trades happen when the S&P 500 Index is also in the Green Zone.
Several new adds to the DAY TRADING SETUPS.
Bonds were down again today, and are below the Green Line and a New Low.
Crude Oil was up $0.95 today at $55.71.
BUYS TODAY 2/3/2021
QS QUANTUMSCAPE CORP. QS went above the Pink Line this morning and was bought at $46.25. Then it went up to $48.79 and was Stopped out 5 % lower below $46.35.
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.)
BB BLACKBERRY LTD. This was a Short Squeeze last week.
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BBBY BED BATH & BEYOND This was a Short Squeeze last week.
M MACY’S INC. This was a Short Squeeze last week.
SID COMPANHIA SIDERURGICA SA Buy above the Pink Line around $5.95 on High Volume with a 5 % Trailing Sell Stop Loss below it.
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
SMH SEMICONDUCTOR FUND EXIT if it is going to Close below your Buy Price, or $235.49. This trade was not logged.
X US STEEL CORP. LOWER the Sell Stop Loss below $16.00, since it is back down in the Green Zone. Maybe a bounce up to $17.50 to EXIT .
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 Jan 4, 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.