Markets were lower today as the Indices went back down to re-test Wednesday’s Low. The S&P 500 and NASDAQ 100 Indices went slightly lower than Wednesday, but look like they will hold by the end of today. They are slightly below the Red Lines (50-day avgs.) but are both now in the Green Zones with High Relative Strength. We should have some Money Wave Buy Signals soon to re-test the November Highs. The weaker DOW 30, NYSE & Small Cap Indices are also over-sold on the Short Term (near the Green Lines).
New Investors: There are lots of good wholesome Investments now in the Green Zones. Normally Buy the ones that held above the Red Lines (50-day avgs.), as they bounce up first. Please be patient and WAIT for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone (like now!).
Bonds were higher today, and are Above the Green Line.
Crude Oil was down $0.49 today at $66.01.
BUYS TODAY 12/02/2021 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).
SELLS TODAY NONE TODAY
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!