Markets were mixed today as the DOW 30 Index was lower, but the Small Caps popped. The Indices are staying above the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. The sideways battle continued as to whether the Indices make New Highs, or “Double Top”.
The DOW 30 Index and the S&P 500 now need to make Higher Highs to avoid a “Double Top”. Please be Patient and WAIT for more Money Wave Buy Signals soon with High Volume.
NEW SUBSCRIBERS: Please WAIT for the Volume to improve (not many Buyers left). 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.
Not much action today on DAY TRADING SETUPS
Bonds were up slightly down today, but are below the Green Line.
Crude Oil was down $0.23 today at $69.34.
BUYS TODAY 6/7/2021
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). BTU PEABODY ENERGY CORP.
AA ALCOA CORP. EXIT if it is going to Close below the Pink Line around $38.31. This trade was not logged.
BTX BROOKLYN IMMUNO EXIT if it is going to Close below the Pink Line around $16.13. Hate to Sell it here…
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.