Markets were higher again today as the S&P 500 and NASDAQ 100 Indices were able to make New Highs. The DOW 30 Index and the Small Caps are lagging. Volume is low on most, so we are not wanting to Buy much at the Highs. Low Volume normally means that Smart Money is not Buying. The Tech Stocks and Crude Oil were higher.
New Investors: Several Leading Investments returned down to the Green Zones and had Buy Signals today. Because the Markets are near Highs, and the Volume is Low, we are not Buying. Recently the Markets have been so extended that the Money Wave Buy Signals were not popping up much. The better trades happen when the S&P 500 Index is also in the Green Zone (now in the Red Zone).
A few Triple Buy Signals created pop ups this morning SNMP (+6%), and MMAT (+14%) on DAY TRADING SETUPS.
Bonds were mixed today, and are Above the Green Line.
Crude Oil was up $3.40 today at $65.54.
BUYS TODAY 8/23/2021
AA ALCOA CORP. Money Wave Buy today but AA will not be bought or logged as it is already up 9% today.
AMD ADVANCED MICRO Money Wave Buy today but AMD will not be bought or logged as the Volume is below average of 67 MIL. Maybe you got some this morning on the the JUMP START.
KKR KKR & CO. INC. Money Wave Buy today but KKR will not be bought or logged as the Volume is below average of 2.4 MIL.
LEDS SEMILEDS CORP. Money Wave Buy today but LEDS will not be bought or logged as it is already up 11% today.
XLF FINANCIAL FUND Money Wave Buy today but XLF will not be bought or logged as the Volume is below average of 54 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 SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MRIN MARIN SOFTWARE Buy above the Pink Line around $5.37 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
MMAT META MATERIALS INC. Buy above the Green Line of $3.73 with High Volume with a 5% Trailing Sell Stop Loss below it.
NURO NEUROMETRIX INC. Buy above the Pink Line around $12.18 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).
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SELLS TODAY NONE TODAY
Click for CURRENT POSITION SCROLLING 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 Aug 1, 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.