Markets were mixed today after popping up this morning. Most the Indices were up in the Red Zones (probably too late to Buy for the Short Term). Semiconductors were strong. The other Indices need to catch up and make New Highs soon to keep this rally going.
NEW SUBSCRIBERS: Most of the strongest Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term). But we still have a few strong Stocks on the WatchList below that have pulled back 30-50%, and should have nice bounces back up soon when the Volume picks up. The better trades happen when the S&P 500 Index is also in the Green Zone (now back up in the Red Zone again).
A few new adds today on DAY TRADING SETUPS.
Bonds were up today, and are back above the Green Line.
Crude Oil was down $2.58 today at $71.37.
BUYS TODAY 8/2/2021
ORCL ORACLE CORP. Money Wave Buy today, but ORCL will not be bought or logged as the Volume is below average of 12.3 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk. ____________________________________________________________________________________________________
JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MMAT META MATERIALS INC. Buy above $4.24 with High Volume with a 5% Trailing Sell Stop Loss below it.
NEGG NEWEGG COMMERCE Buy above the Pink Line around $22.96 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
ALEC ALECTOR INC. Wait for Money Wave Close > 20 with High Volume.
AUUD AUDDIA INC. Buy above $3.56 with High Volume with a 5% Trailing Sell Stop Loss below it.
LEDS SEMILEDS CORP. Buy above $10.11 with High Volume with a 5% Trailing Sell Stop Loss below it.
NURO NEUROMETRIX INC. Wait for Money Wave Close > 20 with High Volume.
SAVA CASSAVA SCIENCES 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
BLIN BRIDGELINE SOFTWARE Slipped below the Buy Price on the opening and was Stopped Out (Don’t Take a Loss!) This trade was not logged.
QQQ NASDAQ 100 FUND EXIT if it is going to Close below the Pink Line around $364.72. The Target was already Hit.
XLC COMMUNICATIONS FUND EXIT if it is going to Close below the Pink Line around $82.45. The Target was already Hit. This trade was not logged.
XRT RETAIL FUND EXIT if it is going to Close below the Pink Line around $95.63. 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 Aug 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.