Markets were higher today on Good News from Apple and FaceBook Earnings. The S&P 500 was able to make New Highs but the Volume was below average. Soon undisciplined Investors will spend all of their Money Buying at the Highs, and later will wonder why they bought Way Above the Green Line.
The major Indices are on near Highs and over-bought. Don’t Buy Investments when they are in the Red Zones (probably too late to Buy for the Short Term).
The Buying has been poor, even with better than expected Earnings. NEW SUBSCRIBERS: Please be patient and WAIT for pull-backs. It does not take that long.
The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were down again today, and are below the Green Line.
Crude Oil was up $1.14 today at $65.00.
BUYS TODAY 4/29/2021 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).
AMAT APPLIED MATERIALS Stopped Out today when it slipped below the Buy Price of $135.05. This trade was not logged.
PAVM PAVMED INC. Stopped Out today when it slipped below the Buy Price of $4.66. This trade was not logged.
RIOT RIOT BLOCKCHAIN EXIT if it is going to Close below the Pink Line around $40.61. This trade was not logged.
X USX US STEEL GROUP EXIT if it is going to Close below the Pink Line around $22.99. This trade was not logged.
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.