Markets were mostly higher again today as mild Buying continued, Only the S&P 500 Index made New Highs today, as the Indices are back up in the Red Zones (probably too late to Buy for the Short Term). Most investors don’t want to Sell, as the FED is Printing away…
New Investors: Please be patient and WAIT for a Market pull back. It will happen. Currently the Markets are so extended that the Money Wave Buy Signals are not popping up much. The Low Volume tells us that Smart Money is not participating up here on the Highs. The better trades happen when the S&P 500 Index is also in the Green Zone.
Triple Buys today for AMC (+7%) & EVK (+11%) on DAY TRADING SETUPS.
Bonds were down today, and are back below the Green Line.
Crude Oil was down $0.28 today at $68.99.
BUYS TODAY 8/12/2021 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
Click for CURRENT POSITION SCROLLING CHARTS – Real Time (Please check and adjust 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.