Markets were slightly lower today as there is not much Buying going on up at the Highs. The S&P 500 and NASDAQ 100 Indices were able to make more New Highs yesterday, and now most of the Leaders are now coming back down from the Red Zones. The DOW 30 Index and the Small Caps are still lagging as only the very Largest Stocks are pulling the Indices higher.
New Investors: Please WAIT for the Leaders to return to the Green Zones for more Money Wave Buy Signals. Lately the Buy Signal pop ups have not been very good, because the Markets are near Highs, and have not pulled back enough to create many good over-sold entries. The better trades happen when the S&P 500 Index is also in the Green Zone (now in the Red Zone).
More Triple Buy Signals soon in DAY TRADING SETUPS.
Bonds were down today, and are Above the Green Line.
Crude Oil was down $0.67 today at $68.45.
BUYS TODAY 8/31/2021
LLY ELI LILLY CO. Money Wave today, but LLY will not be bought or logged as the Volume is below average of 2.7 MIL.
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.)
ATOS ATOSSA GENETICS INC. Buy above $3.86 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRNA MODERNA INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
BNTX BIO N TECH SE Wait for Money Wave Close > 20 with High Volume.
CHS CHICOS FAS INC. Wait for Money Wave Close > 20 with High Volume.
NEGG NEWEGG COMMERCE INC. Buy above $21.22 with High Volume with a 5% Trailing Sell Stop Loss below it.
PFE PFIZER INC. Wait for Money Wave Close > 20 with High Volume.
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
AMD ADVANCED MICRO. Slipped below the Buy Price of $110.55 today and was Stopped Out. (Don’t Take a Loss!)
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 Sep 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.
I am a novice here and want to know how do you determine the Reward in the Reward/Risk ratio to avoid risks and not make the trade?
Hi Adrian, and welcome!
We want the Reward / Risk to be at least 2:1 or better (risk $1 to make $2).
If you Buy an Investment at $12, for a re-test of Highs at $14, the Reward potential could be $2, or 16.7%. If you have a Stop at $11.5, you are risking $0.50.
So Reward / Risk is $2 / $0.50 = 4:1 odds… EXCELLENT!