Markets were higher today but many of the very Strongest Leaders are quickly back up near their Highs (Resistance). We need to see Higher Volume to push through Resistance, but it was not there today. Soon the stronger S&P 500 and NASDAQ 100 Indices need to exceed the November Highs to remain Bullish.
New Investors: The Markets have popped up on several Money Wave Buy Signals earlier this week. The Watch List is now small, so WAIT for more Green Zone Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone (like on Monday).
Many Subscribers are looking for Triple Buy and Intra-day Stock Alerts from Twitter or texts. We want to see High Volume on Triple Buys, but it is rarely happening now. And Low Volume normally means Lower probability. Maybe most investors are already fully Invested?
Bonds were down today, but are Above the Green Line.
Crude Oil was down $1.81 today at $70.55.
BUYS TODAY 12/10/2021 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).
UPST UPSTART HOLDINGS LOWER the Sell Stop Loss below $157.26 until it bottoms.
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.
HAVE A NICE WEEKEND!