Markets were higher today as the S&P 500 and DOW 30 Indices were able to bounce up off the Pink Line (10-day avgs.) to avoid Short Term Sell Signals. Buying came in, but it was not robust and the Volume was Low (Caution). The Low Volume probably indicates that the Markets need to come down further and become more over sold, if we want to see some stronger moves up. Most Momentum Stocks have pulled back quite a bit, and historically they should pop back up soon.
Yes, it is very FRUSTRATING to Wait for a pull back, but Waiting is one of the hardest parts of Investing. The Leaders and the S&P 500 Index are coming down from the Red Zones (probably too late to Buy for the Short Term). We had some Money Wave Buy Signals today, but the Volume was not good (lack of serious Buyers).
The better trades happen when the S&P 500 Index is also in the Green Zone. Please be patient and WAIT for pull-backs.
Several pops today in: DAY TRADING SETUPS.
Bonds were up slightly down today, but are below the Green Line.
Crude Oil was down $1.58 today at $61.09.
BUYS TODAY 4/21/2021
AMAT APPLIED MATERIALS INC. Money Wave Buy today but AMAT will not be bought or logged as it is already up 4.6 % on average Volume.
MRO MARATHON OIL Money Wave Buy today but MRO will not be bought or logged as the Volume is below average of 26.4 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
__________________________________________________________________________________________________________
NEW! JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
KOPN KOPIN CORP. Wait for Money Wave Close > 20 with High Volume.
PAVM PAVMED INC. Buy above $4.54 with High Volume with a 5% Trailing Sell Stop Loss below it.
RIOT RIOT BLOCKCHAIN Wait for Money Wave Close > 20 with High Volume.
VUZI VUZIX CORP. Wait for Money Wave Close > 20 with High Volume.
ZKIN ZK INT’L. GROUP Buy above $5.80 with High Volume with a 5% Trailing Sell Stop Loss below it.
____________________________________________________________________________________________________________
WATCH LIST SCROLLING CHARTS (Real Time)
AMRS AMYRIS INC. Buy above the Pink Line of $15.40 with High Volume with a 5% Trailing Sell Stop Loss below it.
BNGO BIONANO GENOMICS Buy above the Pink Line of $6.32 with High Volume with a 5% Trailing Sell Stop Loss below it.
DDD 3D SYSTEMS CORP. Buy above the Pink Line of $21.81 with High Volume with a 5% Trailing Sell Stop Loss below it.
UEC URANIUM ENERGY CORP. Buy above the Pink Line around $2.84 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.
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).
____________________________________________________________________________________________________________
SELLS TODAY NONE TODAY
Click for CURRENT POSITION 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 Apr 4, 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.