FEB 17, 2021 We are still dealing with Freeze & Power issues today, so this email may not accurately reflect Wednesday’s Signals.
Markets were mostly lower today on profit taking. Volume was low, and the S&P 500 & Small Cap Indices are trying to hold above the Pink Lines (10-day avgs.) to avoid a Short Term Sell Signals.
Most of the Indices are over-bought and back up into the Red Zones (probably too late to Buy for the Short Term). Most don’t want to Sell with the FED Printing and FOMO (Fear of Missing Out). Please have discipline and WAIT for a pull-back.
We are being conservative and only Buying Signals now if the Volume is High (at least 1.25 X the 50-day avg. Volume). The better trades happen when the S&P 500 Index is also in the Green Zone (now back up in the Red Zone).
Some new additions today to DAY TRADING SETUPS.
Bonds were up slightly today, but are below the Green Line.
Crude Oil was up $0.57 today at $60.62.
BUYS TODAY 2/17/2021 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
EXPR EXPRESS INC. Buy above the Pink Line of $2.95 on High Volume with a 5% Trailing Sell Stop Loss below it.
GME GAMESTOP CORP. Buy above $63.00 on High Volume with a 5% Trailing Sell Stop Loss below it.
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GRTS GRITSTONE ONCOLOGY Buy above $17.42 on High Volume with a 5% Trailing Sell Stop Loss below it.
Money Wave Buys Signals Soon (3 Days-3 Weeks Short Term): (Best to Buy the.se when the S&P 500 is also in the Green Zone.)
These Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
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
ARKK ARK INOVATION FUND EXIT if it is going to Close below the Pink Line around $152.18. The Target was already Hit.
F FORD MOTOR CO. EXIT if it is going to Close below the Pink Line around $11.52. The Target was already Hit.
IWM SMALL CAP FUND EXIT if it is going to Close below the Pink Line around $223.97. The Target was already Hit.
SID COMPANHIA SIDERURGICA SA EXIT if it is going to Close below the Pink Line around $6.13. The Target was already Hit.
SPWR SUNPOWER CORP. EXIT if it is going to Close below the Pink Line around $46.21. This trade was not logged.
TSLA TESLA INC. Lower Sell Stop Loss below the Red Line of $753.68 until it bottoms. This trade was not logged.
Please updates your Sell Stops.
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARD
DAY TRADING SETUPS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Jan 31, 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.