Markets were lower again today, as the broader markets got hit. The DOW 30 Index and the S&P 500 are finally correcting down towards their Red Lines (50-day avgs.) There were several Reversals today on the Momentum Stocks are they should be ready to bounce soon
Industrial Metals (XME) and Commodities (DBC) are Strong, but are back up in the Red Zones (probably too late to Buy for the Short Term).
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Watch List has grown as many Momentum have pulled back down into the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone.
New adds today to DAY TRADING SETUPS
Bonds were down again today, and are below the Green Line.
Crude Oil was up $0.42 today at $65.34.
BUYS TODAY 5/11/2021
AFMD AFFIMED THERA. Money Wave Buy today. Target is $11.00. EXIT if it is going to Close below $8.88. Volume is not great, but it recently made a fresh New High.
MVIS MICROVISION INC. Buy Signal today above the Red Line, but MVIS will not be bought or logged as the Volume is below average of 29.8 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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NEW! JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
CLNE CLEAN ENERGY FUELS 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)
AMAT APPLIED MATERIALS Money Wave must Close in the Green Zone.
BTX BROOKLYN IMMUNO Wait for Money Wave Close > 20 with High Volume.
RIOT RIOT BLOCKCHAIN Wait for Money Wave Close > 20 with High Volume.
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.
ZKIN ZK INT’L. GROUP Buy above $5.59 with High Volume with a 5% Trailing Sell Stop Loss below it. (2n).d Buy Signal soon
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
AEO AMERICAN EAGLE OUTFITTERS Slipped below the Buy Price of $36.30 and was Stopped Out. The Target was already Hit.
DDD 3D SYSTEMS INC. EXIT on the Close today, or have a tight Sell Stop Loss below it to Capture a 9% Gain. (2nd Buy only). Good Earnings today.
KRE BANKING FUND EXIT if it is going to Close below the Pink Line around $69.61.
MRO MARATHON OIL EXIT if it is going to Close below the Pink Line around $11.54. This trade was not logged.
UEC URANIUM ENERGY FUND EXIT if it is going to Close below the Pink Line around $3.14. This trade was not logged.
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.