Markets were mixed today even with tremendous Earnings from Alphabet (Google), Apple, and Microsoft yesterday. The FED announced today that they would continue to keep the Fed Funds Rate near 0%, and they will continue to Buy $120 Billion of Debt monthly. The FED admitted that Inflation is now well above their target of 2 %, but they are HOPING Inflation will go away.
So is the FED really that bad at reading Charts about Inflation, or are they purposely creating a Bubble so that Smart Money can Exit before the Fed tapers?
Yesterday the leading S&P 500, DOW 30, and NASDAQ 100 Indices bounced up near their Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. Now we will see if the Indices can make more Highs on this bounce, or stall out.
NEW SUBSCRIBERS: Many Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term). But several strong Stocks on the WatchList below have pulled back 30-50%, and should have nice bounces back up soon. Most of the Buying last week was the very Largest Stocks, of which most had lower Relative Strength. The better trades happen when the S&P 500 Index is also in the Green Zone (now back up in the Red Zone again).
More pop ups today on DAY TRADING SETUPS.
Bonds were down today, but are back above the Green Line.
Crude Oil was up $0.71 today at $72.36.
BUYS TODAY 7/28/2021
BB BLACKBERRY LTD. Crossed up above $10.90 today but the Volume was not High, so BB will not be bought or logged.
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.)
AUUD AUDDIA INC. Buy above the Pink Line around $3.44 with High Volume with a 5% Trailing Sell Stop Loss below it.
LEDS SEMILEDS CORP. Buy above the Pink Line around $9.59 with High Volume with a 5% Trailing Sell Stop Loss below it.
MMAT META MATERIALS INC. Buy above $4.24 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
MRIN MARIN SOFTWARE INC. Buy above the Pink Line around $8.20 with High Volume with a 5% Trailing Sell Stop Loss below it.
NEGG NEWEGG COMMERCE Buy above the Pink Line around $25.63 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. XRT RETAIL FUND
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
XRT RETAIL FUND EXIT if it is going to Close below the Pink Line around $94.72. 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 Jul 5, 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.