Markets were weaker today on mild Selling Volume, but many Momentum Stocks continued to get hit today. Several Sell Stops were triggered in the Open Positions List below. Many are waiting on the FED Meeting results on Wednesday. We need to see Higher Volume to push through Resistance, and the stronger S&P 500 and NASDAQ 100 Indices need to exceed the November Highs to remain Bullish.
New Investors: The Watch List below is growing again, so WAIT for more Green Zone Buys soon. The Low Buying Volume has been a problem. The better trades happen when the S&P 500 Index is also in the Green Zone.
Many Subscribers have been 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 up today, and are Above the Green Line.
Crude Oil was down $0.31 today at $71.36.
BUYS TODAY 12/13/2021 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).
LC LENDING CLUB CORP. EXIT if it is going to Close below Support of $28.33. This trade was not logged.
M MACY’S INC. EXIT if it is going to Close below Support of $26.11.
PFE PFIZER INC. Target Hit at $54 for a 3.7 % Gain.
UPST UPSTART HOLDINGS LOWER the Sell Stop Loss once more below $145 until it bottoms. The Red Line (50-day avg.) is still up at $275. Hope to Buy another batch soon and Sell all near the Red Line.
XLY CONSUMER DISCRETIONARY FUND Slipped below the Buy Price of $201.93 and was Stopped Out. (Don’t Take a Loss!)
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.