
Markets “Gapped Up” this morning but most of the rally fizzed out later in the day. Inflation Stocks (Steel, Copper, & Metals) popped up as Crude Oil made a New High for the year above $68.00. Tech Stocks were lower today on mild Selling.
Many Indices and Big Caps are back up in the Red Zones (probably too late to Buy for the Short Term). The DOW 30 Index and the S&P 500 now need to make Higher Highs to avoid a “Double Top”. Volume is so low on most that we are reluctant to Buy much. Only 2 names on the Watch List.
NEW SUBSCRIBERS: The Watch List below is down to only 2 Positions (WAIT). Please WAIT for Money Wave Buy Signals with High Volume. The Low Volume recently has WARNED us against Buying much at this time. The better trades happen when the S&P 500 Index is also in the Green Zone.
A few more pops today on DAY TRADING SETUPS
Bonds were down today, and are below the Green Line.
Crude Oil was up up $1.68 today at $68.00.
BUYS TODAY 6/1/2021 NONE TODAY
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
SB SAFE BULKERS INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
CLNE CLEAN ENERGY FUELS Buy above $8.65 with High Volume with a 5% Trailing Sell Stop Loss below it.
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
AEO AMER. EAGLE OUTFITTERS Slipped below the Buy Price of $35.17 and was Stopped Out today. This trade was not logged.
AMAT APPLIED MATERIALS Target was Hit at $140 for a 16.7 % Gain. This trade was not logged.
EYES SECOND SIGHT MEDICAL Slipped below Support of $5.77 and was Stopped Out today.
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
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated May 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.