Markets were down this morning and recovered near the Close. Volume was higher as more Buying came into the over-sold Indices again this morning. The S&P 500 Index is about half way down to the Green Line, and could be about finished with an A-B-C Correction. Then the S&P 500 could go back up to re-test the Highs.
Try to only Buy new money investments that held above the Red Lines, as they tend to bounce first.
New Investors: Leaders are now setting up for Money Wave Pops. But we normally need good Volume for the bounce to last more than one day. The better trades happen when the S&P 500 Index is in the Green Zone (like now).
Triple Buys today for AFRM (+24%) & ANY (+12%) OCGN (+9%) . Soon for AMC CEI CRVS GSAT IRNT M MMAT & MRIN in DAY TRADING SETUPS.
Bonds were up today, but are back Below the Green Line.
Crude Oil was down $1.93 today at $77.00.
BUYS TODAY 10/6/2021
M MACY’S INC. Money Wave Buy today. Target is $24.50. EXIT if it is going to Close below $21.27.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
DKS DICKS SPORTING GOODS Money Wave Closed below 20 yesterday. Wait for Money Wave Close > 20 with High Volume.
LIFE ATRY PHARMA INC. Buy above $8.82 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRIN MARIN SOFTWARE INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AMC AMC ENTERTAINMENT Buy above the Pink Line around $37.88 with High Volume with a 5% Trailing Sell Stop Loss below it.
BBIG VINCO VENTURES INC. Wait for Money Wave Close > 20 with High Volume. (2nd 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
BBIG VINCO VENTURES INC. LOWER the Sell Stop below $4.77 until it Bottoms. This trade was not logged.
MRNA MODERNA INC. LOWER the Sell Stop below $280 until it Bottoms. Relative Strength is still 99.
UUUU ENERGY FUELS Slipped below the Buy Price of $6.77 and was Stopped Out. (Don’t Take a Loss). 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
New TOP 100 LIST Updated Oct 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.