Markets were mixed again today after two strong rally days this week. Now the stronger S&P 500 and NASDAQ 100 Indices need to exceed the November Highs to remain Bullish. Last week there was plenty of Investor FEAR from a Virus, and now it is gone? The weaker DOW 30, NYSE, and Small Cap Indices are not very far above the Red Lines (50-day avgs.) so there should be a test to see if they can hold above the Red Lines soon. Several good Pops today with the Day Trading Setups below.
New Investors: The Markets have popped up on several Money Wave Buy Signals earlier this week. Much of the recent bounce was Short Covering, so maybe a little pause on the rally soon. The better trades happen when the S&P 500 Index is also in the Green Zone (like on Monday).
Many Triple Buys Pops today: ABUS (+7%) AMC (+8%) BKKT (+34%) ISIG (+130%) ISPC (+8%) & RBLX (+7%) in DAY TRADING SETUPS. Try out the New Side by Side layout.
NEW! DAY TRADING FOR INDICES & LARGE CAPS.
Bonds were lower again today, but are Above the Green Line.
Crude Oil was up $0.46 today at $72.51.
BUYS TODAY 12/08/2021
BKKT BAKKT HOLDINGS INC. Money Wave Buy today, but BKKT will not be Bought or Logged as it is already up 34 % today. Maybe you bought earlier on Jump Start.
ENPH ENPHASE ENERGY Money Wave Buy today, but ENPH will not be Bought or Logged as the Volume is below average of 2.4 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.
UPST UPSTART HOLDINGS Trying to Close above $191.76 again, but the Volume is not High. Maybe one more dip down to Buy.
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SWING TRADING WATCH LIST (Click here) WATCH LIST SCROLLING CHARTS
PFE PFIZER INC. Wait for Money Wave Close > 20 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 NONE TODAY
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DAY TRADING SETUPS
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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.