Markets were higher today as the S&P 500 Index bounced nicely up off the Red Line (50-day avg.) Now it must make new Highs for this rally to continue. The DOW 30 Index has become weaker and is still below the Red Line. But the NASDAQ 100 is now back up near Highs. So the Money is basically rotating between the Indices and not leaving the Markets.
But the Low Volume is worry some, and historically you need heavy Buying to go much higher. Also the very Largest Stocks are going up more, which have a big weighting in the S&P 500 and NAS 100 Indices. This tends to mask the weakness in the breadth of the Market. Purposely done? Don’t know, but historically this happens in a tired Market.
NEW SUBSCRIBERS: Please WAIT for the Volume to improve. 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 (very soon!).
Buy Signals soon on DAY TRADING SETUPS
Bonds were down today, and are below the Green Line.
Crude Oil was up $1.34 today at $73.48.
BUYS TODAY 6/21/2021
BNTX BIONTECH SE Bought above $217.10 today but BNTX will not be logged as the Volume is below average of 3.4 MIL.
DBC COMMODITY FUND Money Wave Buy today but DBC will not be logged as the Volume is below average of 3.6 MIL.
TELL TELLURIAN INC. Money Wave Buy today but TELL will not be logged as it is already up 9 % today.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BTU PEABODY ENERGY Wait for Money Wave Close > 20 with High Volume.
CLF CLEVELAND CLIFFS INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
BB BLACKBERRY LTD. Buy above the Pink Line around $13.91 with High Volume with a 5% Trailing Sell Stop Loss below it.
GT GOODYEAR TIRE Wait for Money Wave Close > 20 with High Volume.
LB L BRANDS INC. Money Wave must Close in the Green Zone.
TSLA TESLA INC. Buy above $635.59 with High Volume with a 5% Trailing Sell Stop Loss below it.
UONE URBAN ONE 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).
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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 DASHBOARD
DAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
TOP 100 LIST Updated Jun 2, 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.