Markets were slightly higher today after yesterday’s drop. The Indices now have the Red Lines (50-day avgs.) as Short Term Resistance to Close above to attract more Buyers.
Buying was very mild as Investors are waiting to find a Short Term bottom on the Markets. The Markets should have enough momentum to rally back up near the Highs again, but now it might take several weeks. Try to only Buy new money investments that are still above the Red Lines, as they tend to bounce first.
New Investors: The Indices have fallen below the 50-day averages, which might mean a larger correction before the next bounce. Normally we won’t see a big advance until the Volume picks up. The better trades happen when the S&P 500 Index is in the Green Zone.
Triple Buys today for DNN (+6%) ANY (+%5) & XELA (+4%). Soon for AMC BBIG BTU OCGN GSAT IRNT & OPAD in DAY TRADING SETUPS.
Bonds were mixed today, but are Above the Green Line.
Crude Oil was up $0.62 today at $70.76.
BUYS TODAY 9/21/2021
CHS CHICOS FAS INC. Traded above the Pink Line around $4.68 but CHS will not be bought or logged as the Volume is below average of 1.9 MIL.
NVDA NVIDIA INC. Money Wave Buy today, but NVDA will not be bought or logged as the Volume is below average of 29 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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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BTU PEABODY ENERGY Wait for Money Wave Close > 20 with High Volume.
GSM FERROGLOBE PLC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AMC AMC ENTERTAINMENT Wait for Money Wave Close > 20 with High Volume.
BBIG VINCO VENTURES INC. Wait for Money Wave Close > 20 with High Volume.
CCJ CAMECO CORP. Wait for Money Wave Close > 20 with High Volume.
HUT HUT 8 MINING CORP. Wait for Money Wave Close > 20 with High Volume.
UNG US NATURAL GAS FUND 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
AA ALCOA CORP. EXIT if it is going to Close below the Pink Line around $48.42. The Target was already Hit.
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.