Markets were slightly weaker today after a sharp rally earlier this week. Soon the stronger S&P 500 and NASDAQ 100 Indices need to exceed the November Highs to remain Bullish. 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.
New Investors: The Markets have popped up on several Money Wave Buy Signals earlier this week. The Watch List is now small, so WAIT for more Green Zone Buys soon. The better trades happen when the S&P 500 Index is also in the Green Zone (like on Monday).
Several Triple Buys Pops earlier today: ABUS (+8%) ISIG (+57%) ISPC (+11%) & KTTA (+7%) 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 $1.81 today at $70.55.
BUYS TODAY 12/09/2021
PFE PFIZER INC. Money Wave Buy today, but PFE will not be Bought or Logged as the Volume is below average of 36 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.
NONE TODAY
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SWING TRADING WATCH LIST (Click here) WATCH LIST SCROLLING CHARTS
UPST UPSTART HOLDINGS Buy if it Closes above $199.80 with High Volume (2nd Buy Signal). Maybe once more down.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST. Maybe one more dip down to Buy.
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
COST COSTCO WHOLESALE Slipped below the Buy Price of $533.40 yesterday and was Stopped Out (Don’t Take a Loss!) This trade was not logged.
LCID LUCID GROUP LOWER the Sell Stop Loss below $36 until it bottoms. Relative Strength is still 98.
SPY S&P 500 FUND Target was Hit at $470 yesterday for a 2.4 % Gain in 3 days.
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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