Markets were mostly higher today, but the Solar and Momentum Stocks continued to flush Tammy out after 30 -50 % Corrections from the recent Highs. Many Momentum stocks should be able to pop up again as long as the 50-day averages do not fall below the Green Lines. Tammy is learning a lesson Buying Stocks Way Above the Green Lines.
The DOW 30 Index is back on the Highs, with the other Indices laggings. Industrial Metals are Strong (XME).
Trading would be better if the Indices could pull back down to the Red Lines (50-day avgs.) like the NASDAQ 100 did recently. This would bring in more Buyers. The NASDAQ 100 does not have high enough Relative Strength to meet the Green Line Rules for purchase.
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Markets are extended now from Human Emotion and Greed. The better trades happen when the S&P 500 Index is also in the Green Zone. Don’t Buy Investments when they are in the Red Zones (probably too late to Buy for the Short Term).
Several new adds today to DAY TRADING SETUPS
Bonds were mixed today, and are below the Green Line.
Crude Oil was down $0.83 today at $64.80.
BUYS TODAY 5/6/2021
BCRX BIOCRYST PHARMA. Money Wave Buy today, but BCRX will not be bought or logged as it is already up 18% on Huge Volume.
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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NEW! JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
KOPN KOPIN CORP. Wait for Money Wave Close > 20 with High Volume.
MVIS MICROVISION INC. Wait for Money Wave Close > 20 with High Volume.
STX SEAGATE TECH HOLDINGS Wait for Money Wave Close > 20 with High Volume.
VUZI VUZIX CORP. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AFMD AFFIMED THERA. Wait for Money Wave Close > 20 with High Volume. VUZI VUZIX CORP.
AMAT APPLIED MATERIALS Money Wave must Close in the Green Zone.
AMC AMC ENTERTAINMENT Wait for Money Wave Close > 20 with High Volume.
NWSA NEWS CORP. Money Wave must Close in the Green Zone.
STKL SUN OPTA INC. Buy above the Pink Line with High Volume with a 5% Trailing Sell Stop Loss below it.
TRIP TRIPADVISOR INC. Buy above $47.81 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
DDD 3D SYSTEMS CORP. Lower Sell Stop Loss below $16.00 until it bottoms. Money Wave is in the Green Zone.
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
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated May 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.