Markets were up slightly today, after popping up out of the 2 day sideways pattern. So far the burp up has been small on very Low Volume. The S&P 500 and DOW 30 Indices are on all time Highs, 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 Oil Stocks have been correcting for 2 weeks, and should pop up soon the re-test the recent Highs.
More new adds to the DAY TRADING SETUPS.
Bonds were up today, but are below the Green Line.
Crude Oil was down $0.03 today at $59.74.
BUYS TODAY 4/8/2021 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).
SELLS TODAY NONE TODAY
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.