Markets were sharply higher today as the Virus Fears from yesterday must be gone now. The S&P 500 Index bounced up off the Red Line (50-day average) as expected, but the Buying Volume is still below average. Low Volume says Smart Money is not Accumulating, just more trading from the “Buy on Dip” Bulls who don’t seem to have much Money left.
Many Leaders bounced back up from the Green Zones for Money Wave Buys today. See Watch Lists below.
NEW SUBSCRIBERS: Finally some FEAR is back in the Markets, which is when we like to Buy. However, the pullback was so tiny that the rally up will probably be small also. Many Investors are spending ALL of their Money up here, because of FOMO (FEAR OF MISSING OUT). The better trades happen when the S&P 500 Index is also in the Green Zone (almost happened yesterday).
A few bounces today on DAY TRADING SETUPS
Bonds were down today, and are back above the Green Line.
Crude Oil was up $1.16 today at $67.61.
BUYS TODAY 7/20/2021
NVDA NVIDIA CORP. Money Wave today. Target is $205. EXIT if it is going to Close below Support of $178.65.
AMC AMC ENTERTAINMENT Money Wave Buy today. AMC will not be bought or logged as it is already up 14 % today. Maybe you got some on the JUMP START.
LB L BRANDS INC. Money Wave Buy today. LB will not be bought or logged as it is already up 6 % today on lower Volume.
QQQ NASDAQ 100 FUND Money Wave Buy today. QQQ will not be bought or logged as it is already almost back up to the Highs.
XRT RETAIL FUND Money Wave Buy today. XRT will not be bought or logged as it is already up 3.5 % today on lower Volume.
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 SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MVIS MICROVISION INC. Buy above the Pink Line around $14.59 with High Volume with a 5% Trailing Sell Stop Loss below it.
NEGG NEWEGG COMMERCE Wait for Money Wave Close > 20 with High Volume.
XLC COMMUNICATIONS FUND Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
ATOS ATOSSA GENETICS Wait for Money Wave Close > 20 with High Volume.
AUUD AUDDIA INC. Wait for Money Wave Close > 20 with High Volume.
BB BLACKBERRY LTD. Buy above the Pink Line around $10.90 with High Volume with a 5% Trailing Sell Stop Loss below it.
BLIN BRIDGELINE SOFTWARE Wait for Money Wave Close > 20 with High Volume.
MMAT META MATERIALS INC. Buy above $4.70 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRIN MARIN SOFTWARE 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). DSX DIANA SHIPPING EXIT if it is going to Close below Support of $4.09. This trade was not logged.
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SELLS TODAY NONE TODAY
Click for CURRENT POSITION CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARDDAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Jul 5, 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.