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Markets were higher today as the Indices need to make Higher Highs soon for this rally to continue. The Small Cap Fund (IWM) was the only major Index to make higher highs today. The bounces up from the Green Zones this time are extremely weak, indicating a lack of Buyers, so be cautious. The Retail Stocks that shot up last week have pulled back for trades soon. But most of the Leaders are now getting back up into the Red Zones (probably too late to Buy for the Short Term), and not many New Highs yet.
Most of the Leaders are Way Above the Green Lines. We are being conservative and only Buying Signals 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 (now back up in the Red 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 $0.65 today at $56.34.
BUYS TODAY 2/4/2021
M MACY’S INC. Money Wave Buy today. M will not be logged as the Volume is below average of 30.3 MIL.
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.
SID COMPANHIA SIDERURGICA SA Buy above the Pink Line around $5.85 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
IWM SMALL CAP FUND Target was Hit at $217 for a 3 % Gain. This trade was not logged.
TAN SOLAR FUND EXIT if it is going to Close below your Buy Price, or $115.89. 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 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.