Markets were lower today as profit taking came in on lower Volume. Small Caps, Solar and Semiconductors were leading the Selling. The Indices and the Inverse Volatility Fund SVXY (see chart above) need to hold above the Pink Lines to avoid Short Term Sell Signals.
Yes, it is very FRUSTRATING to Wait for a pull back, but Waiting is one of the hardest parts of Investing. The Small Cap Fund needs to make New Highs soon for this rally to continue. Most of the Leaders and the S&P 500 Index are still near the Red Zones (probably too late to Buy for the Short Term), so we are reluctant to Buy much up here on Highs and with Low Volume.
The better trades happen when the S&P 500 Index is also in the Green Zone. Please be patient and WAIT for pull-backs.
MOXC popped up 19 % today, but most Low Price Investments have not bottomed yet: DAY TRADING SETUPS.
Bonds were down today, and are below the Green Line.
Crude Oil was up $0.24 today at $63.37.
BUYS TODAY 4/19/2021 NONE TODAY
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).
LYFT LYFT INC. EXIT if it is going to Close below your Buy Price, or $62.33. This trade was not logged.
XRT RETAIL FUND EXIT if it is going to Close below the Pink Line around $91.77. This trade was not logged.
Please update your Sell Stops.
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.