Markets were slightly higher today on low Volume Buying. The NASDAQ 100 Index was able to make New Highs on Big Tech Buying. Currently the 10 largest Stocks in the NASDAQ 100 account for 54% of the total Value of the Index (not just 10 %). This is hiding the distribution (or Selling) going on by Smart Money (Way Above the Green Line). The Small Cap Index failed at the 50-day average. Quarterly Earnings are starting to come out.
The Indices are stretched Way Above the Green Lines as novice Investors continue to Buy on FOMO (Fear of Missing Out). The Indices are being held up with Buying of the very largest Companies.
NEW SUBSCRIBERS: Markets are Way Above the Green Lines and Buying has weakened for many stocks. That is when new investors LOSE Money. Please WAIT for the Volume to improve. The low Volume recently has WARNED us against Buying much at this time. The better trades happen when the S&P 500 Index is also in the Green Zone.
Waiting for pops soon on DAY TRADING SETUPS
Bonds were lower today, and are back below the Green Line.
Crude Oil was down. $2.53 today at $72.74.
BUYS TODAY 7/14/2021 NONE TODAY
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BB BLACKBERRY LTD. Buy above the Pink Line around $11.62 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRIN MARIN SOFTWARE INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AMC AMC ENTERTAINMENT Wait for Money Wave Close > 20 with High Volume.
AUUD AUDDIA INC. Wait for Money Wave Close > 20 with High Volume.
BLIN BRIDGELINE SOFTWARE Wait for Money Wave Close > 20 with High Volume.
MMAT META MATERIALS INC. Buy above the Pink Line around $5.72 with High Volume with a 5% Trailing Sell Stop Loss below it.
MVIS MICROVISION INC. Buy above the Pink Line around $15.56 with High Volume with a 5% Trailing Sell Stop Loss below it.
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 NONE TODAY
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARDDAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Jul 5, 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.