Markets were lower lower today but the Small Caps and Big Tech began to firm up. Several of the Indices are not quite low enough to return to the Green Zones for Money Wave Buy Signals. The Small Caps are trying to bounce up off the Green Line. The Markets are very nervous at this time. Also there is some tax loss Selling going on until Dec 31.
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 Rules require that we have to WAIT for a Close in the Green Zone. Please WAIT for more Green Zone Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone.
Many Triple Buy Pops today: ABUS (+11%) AMC (+24%) ISIG (+27%) LVGN (+6%) RLBX (+9%) & $VIX (+11%) Many more should be setting up soon in DAY TRADING SETUPS. Try out the New Side by Side layout.
NEW! DAY TRADING FOR INDICES & LARGE CAPS.
Bonds were up today, and are Above the Green Line.
Crude Oil was down $1.53 today at $77.85.
BUYS TODAY 12/17/2021 NONE TODAY
JUMP START STOCKS Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.
ITB HOME BUILDING FUND Money Wave must Close in the Green Zone.
TOL TOLL BROTHERS INC. Wait for Money Wave Close > 20 with High Volume.
SWING TRADING WATCH LIST (Click here) WATCH LIST SCROLLING CHARTS
NVDA NVIDIA CORP. Money Wave must Close in the Green Zone
QQQ NASDAQ 100 FUND Money Wave must Close in the Green Zone.
SMH SEMICONDUCTOR FUND Money Wave must Close in the Green Zone.
UPST UPSTART HOLDINGS Buy above the Pink Line around $163.55 with High Volume with a 5% Trailing Sell Stop Loss below it. (2nd Buy Signal).
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).
AMD ADVANCED MICRO Slipped Below the Buy Price yesterday and was Stopped Out even. (Don’t Take a Loss!)
MY TRADING DASHBOARD
DAY TRADING SETUPS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Dec 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.
HAVE A NICE WEEKEND!
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