Markets were mixed again today, but have been going sideways for almost 2 days. This probably means that another quick burp up is coming with some Good News. The S&P 500 and DOW 30 Indices are near all time Highs again, but the Small Caps and NASDAQ 100 Funds are struggling to catch up, and need to make New Highs also for this rally to continue.
Most of the Leaders are slowly coming down from the Red Zones (probably too late to Buy for the Short Term). Please be patient and WAIT for pull-backs. The better trades happen when the S&P 500 Index is also in the Green Zone.
The Big Tech Stocks have perked up recently, and are back up near Resistance. Most have Below 80 Relative Strength required for Large Cap Stocks. This is because they are moving up slower than the Strongest Leaders, and most Big Funds are already loaded up with Big Techs.
More new adds to the DAY TRADING SETUPS.
Bonds were down slightly today, and are below the Green Line.
Crude Oil was up $0.28 today at $59.61.
BUYS TODAY 4/7/2021
PLAY DAVE & BUSTER’S Money Wave Buy today, but PLAY will not be Bought or logged as the Volume is below average of 1.6 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BNGO BIONANO GENOMICS Buy above $8.43 with High Volume with a 5% Trailing Sell Stop Loss below it.
____________________________________________________________________________________________________________
WATCH LIST SCROLLING CHARTS (Real Time)
AMRS AMYRIS INC. Wait for Money Wave Close > 20 with High Volume.
DDD 3D SYSTEMS CORP. Buy above $29.00 with High Volume with a 5% Trailing Sell Stop Loss below it.
OXY OCCIDENTAL PETE. Wait for Money Wave Close > 20 with High Volume.
VET VERMILLION ENERGY INC. Wait for Money Wave Close > 20 with High Volume.
ZKIN ZK INT’L. GROUP Wait for Money Wave Close > 20 with High Volume. (2nd Money Wave Buy 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).
____________________________________________________________________________________________________________
SELLS TODAY
MRO MARATHON OIL EXIT if it is going to Close below the Pink Line around $10.96.
TRIP TRIPADVISOR INC. EXIT if it is going to Close below the Pink Line around $53.85. This trade was not logged.
VUZI VUZIX CORP. Target was Hit at $28 today for a 10 % Gain. This trade was not logged.
ZKIN ZK INT’L. GROUP LOWER the Sell Stop Loss below the Red Line of $7.29. ZKIN is back down in the Green Zone.
Please update your Sell Stops.
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.