Markets were higher today as the Indices were very over-sold and we got several Money Wave Buy Signals (please see below). The stronger S&P 500 and NASDAQ 100 Indices were in the Green Zones on Friday, and both were bought today on Money Wave Buy Signals. They are back above the Red Lines (50-day avgs.) which is Bullish. The Strongest Leaders should re-test the November Highs soon.
New Investors: Finally there are several good Money Wave Buy Signals today. Normally Buy the ones that held above the Red Lines (50-day avgs.), as they bounce up first. The better trades happen when the S&P 500 Index is also in the Green Zone (like now!).
Several smaller Triple Buys today: GGPI (+4%) LAC (+6%) MARA (+4%) PTN (+9%) AMC RBIX in DAY TRADING SETUPS. Try out the New Side by Side layout.
NEW! DAY TRADING FOR INDICES & LARGE CAPS.
Bonds were lower today, but are Above the Green Line.
Crude Oil was up $3.46 today at $69.76.
BUYS TODAY 12/06/2021
LCID LUCID GROUP INC. Money Wave Buy today. Target is $52. EXIT if it is going to Close below $38.06.
M MACY’S INC. Money Wave Buy today. Target is $34. EXIT if it is going to Close below $26.11.
QQQ NASDAQ 100 FUND Money Wave Buy today. Target is $405. EXIT if it is going to Close below $378.90.
SPY S&P 500 FUND Money Wave Buy today. Target is $470. EXIT if it is going to Close below $448.92.
XLY CONSUMER DISCRETIONARY FUND Money Wave Buy today. Target is $211. EXIT if it is going to Close below $197.60.
COST COSTCO WHOLESALE Money Wave Buy today, but COST will not be Bought or Logged as the Volume is below average of 2 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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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.
LAC LITHIUM AMERICAS CORP. Wait for Money Wave Close > 20 with High Volume.
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SWING TRADING WATCH LIST (Click here) WATCH LIST SCROLLING CHARTS
BKKT BAKKT HOLDINGS INC. Wait for Money Wave Close > 20 with High Volume.
LC LENDING CLUB CORP. Wait for Money Wave Close > 20 with High Volume.
UPST UPSTART HOLDINGS Buy if it Closes above $191.76 with High Volume.
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).
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SELLS TODAY
ITB HOME BUILDING FUND Target was Hit at $80 for a 5.2 % Gain.
MY TRADING DASHBOARD
DAY TRADING SETUPS
TRADE ALERTS
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.
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