Markets were slightly lower again today as the Indices are relieving their over-bought condition. The Leaders are coming down from the Red Zones (probably too late to Buy for the Short Term) for Money Wave Buy Signals soon. The strongest NASDAQ 100 Index is trying to hold above the Pink Line (10-day avg.), while the S&P 500 Index might Close below the Pink Line of 4516. So far the Volume is very Low, as most don’t want to Sell.
The weaker DOW 30 Index is currently just below the Red Line (50-day avg.) but it is down in the Green Zone (Probably too late to Sell for the Short Term).
New Investors: Please WAIT for the Leaders to return to the Green Zones for more Money Wave Buy Signals soon. Lately the Buying Volume has been low which indicates that Smart Money is not Buying much. 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.
Triple Buy Signals today from BYSI (+10%) & GSM (+7%) and soon on CHS, NUE & PXLW in DAY TRADING SETUPS.
Bonds were up today, and are Above the Green Line.
Crude Oil was down $1.37 today at $68.01.
BUYS TODAY 9/9/2021
M MACY’S INC. Money Wave Buy today. Target is $23.50. EXIT if it is going to Close below $21.01.
SPRT SUPPORT.COM INC. Money Wave Buy today, but SPRT will not be Bought or Logged as it has already bounced up 50.8% in 2 days. Maybe down around $21 soon.
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.)
ANY SPHERE 3D Corp. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
BYSI BEYOND SPRING INC. Wait for Money Wave Close > 20 with High Volume.
CHS CHICOS FAS INC. Wait for Money Wave Close > 20 with High Volume.
PXLW PIXELWORKS INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
EXPR EXPRESS INC. Buy above the Red Line $5.58 with High Volume with a 5% Trailing Sell Stop Loss below it.
NUE NUCOR CORP. 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.
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
MRNA MODERNA INC. Target Hit at $440 today for a 12.8 % Gain. This trade was not logged.
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.
