Markets were lower today on profit taking, as the S&P 500 and NASDAQ 100 Indices were able to make more New Highs yesterday. The DOW 30 Index and the Small Caps are still lagging. Volume is low on most, and Tech Stocks were down.
New Investors: The Leading Investments are already back up in the Red Zones (probably too late to Buy for the Short Term), Please WAIT for the Leaders to return to the Green Zones for more Money Wave Buy Signals. Lately the Buy pop ups have not been very good, because the Markets are near Highs, and have not pulled back enough to create many good over-sold entries. The better trades happen when the S&P 500 Index is also in the Green Zone (now in the Red Zone).
Several more Triple Buy Signals soon in DAY TRADING SETUPS.
Bonds were up slightly today, and are Above the Green Line.
Crude Oil was down $0.66 today at $67.70.
BUYS TODAY 8/26/2021 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).
BTBT BIT DIGITAL INC. Lower Sell Stop Loss below the Red Line of $10.25 until it bottoms.
CHS CHICO FAS INC. Slipped below the Buy Price of $6.18 today and was Stopped Out. The Target was already Hit at $6.75 for a 9.2 % Gain.
LEDS SEMILEDS CORP. Slipped below the Buy Price of $8.60 today and was Stopped Out. The Trade was not logged.
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.