Markets were higher again today as very largest Stocks pushed the S&P 500 and NASDAQ 100 Indices to Higher Highs on lower Volume. Markets must be expecting another $3.5 Trillion from another Big Gov’t Stimulus Plan. Nobody wants to Sell, as the Greed level is High now. This is NOT a normal Market, and most of you will remember this Virus stampede for the rest of your life.
The Markets are near Highs, but the Buying is not broad based. You can see this by looking at how many Leaders on the WatchList are down today.
NEW SUBSCRIBERS: The bounce up from the Green Zones might be about over soon. Markets pulled back to the 50-day averages on Monday, but the pull back was so tiny that the rally up has been small. Many newer 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 (now back up in the Red Zone again).
Slow day on DAY TRADING SETUPS
Bonds were down slightly today, but are back above the Green Line.
Crude Oil was up $0.15 today at $72.06.
BUYS TODAY 7/23/2021
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).
QQQ NASDAQ 100 Fund Target Hit at $365 for a 1.82 % Gain. This trade was not logged.
XLC COMMUNICATIONS FUND Target Hit at $82 for a 1.51 % Gain. This trade was not logged.
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.
HAVE A NICE WEEKEND!