Markets were lower this morning as the DOW 30 and S&P 500 Indices went down to the Pink Lines (10-day avgs.) and then bounced back up to avoid a Short Term Sell Signals. Then both Indices were able to make slightly higher high later this afternoon. The strongest Indices are back up in the Red Zones (probably too late to Buy for the Short Term). Most investors don’t want to Sell, as the FED is Printing away…
New Investors: Please be patient and WAIT for a Market pull back. It will happen. Currently the Markets are so extended that the Money Wave Buy Signals are not popping up much. The Low Volume tells us that Smart Money is not participating up here on the Highs. The better trades happen when the S&P 500 Index is also in the Green Zone.
A weak day on most DAY TRADING SETUPS.
Bonds were up slightly today, after bouncing up off the Green Line.
Crude Oil was down $0.96 today at $67.48.
BUYS TODAY 8/16/2021
AUUD AUDDIA INC. Bought today above $3.56, and shot up 26 %. Then it was Stopped Out below $3.68 (5% Trailing Sell Stop Loss below today’s High of $3.88).
ANY SPHERE 3D CORP. Money Wave Buy today, but ANY will not be bought or logged as it is already up 10 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MRIN MARIN SOFTWARE Buy above the Pink Line around $5.81 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRNA MODERNA INC. Wait for Money Wave to Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
LEDS SEMILEDS CORP. Buy above $10.11 with High Volume with a 5% Trailing Sell Stop Loss below it.
MMAT META MATERIALS INC. Buy above the Green Line of $3.75 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 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
TOP 100 LIST Updated Aug 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.