Markets were weaker again today on mild Selling Volume, and today some of the Big Tech got Hit. But then a rally came in as the S&P 500 Index was able to bounce up off the Red Line (50-day avg). More 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.
Bonds were down slightly today, and are Above the Green Line.
Crude Oil was down $0.89 today at $70.40.
BUYS TODAY 12/14/2021
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).
BGI BIRK’S GROUP INC. EXIT if it is going to Close below the Pink Line around $4.80. The Target was already Hit for a 15.5 % Gain.
ENPH ENPHASE ENERGY EXIT if it is going to Close below Support of $207.05. This trade was not logged.
ITB HOME BUILDER’S FUND EXIT if it is going to Close below the Pink Line around $80.45. The Target was already Hit for a 5.2 % Gain.
QQQ NASDAQ 100 FUND Slipped below the Buy Price of $386.20 and was Stopped Out. (Don’t Take a Loss!)
UPST UPSTART HOLDINGS Looks like a “Hammer” candlestick pattern today (Bullish). LOWER the Sell Stop Loss once more if necessary below $140 until it bottoms. The Red Line (50-day avg.) is still up at $271. Hope to Buy another batch soon and Sell all near the Red Line.
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.