Markets were sharply higher today as the Indices bounced up off the Red Lines (50-day avgs.) Today’s Buying Volume was not great. Now the Indices need to make new Highs for the rally to continue. Bonds are very over-sold now and could bounce up soon (but Bonds are Below the Green Line), and help this Stock Market rally.
We are being conservative and only Buying Signals now if the Volume is High (at least 1.25 X the 50-day avg. Volume). The better trades happen when the S&P 500 Index is also in the Green Zone (now coming down from the Red Zone).
Several nice pops today on the DAY TRADING SETUPS
Bonds were down, but are below the Green Line.
Crude Oil was down $1.29 today at $60.21.
BUYS TODAY 3/1/2021
PDD PINDUODUO INC ADR Money Wave Buy today. PDD will not be logged as it is already up 8 % today.
RIOT RIOT BLOCKCHAIN INC. Money Wave Buy today. RIOT will not be logged as it is already up 22 % today.
VERU VERU INC. Money Wave Buy today. VERU will not be logged as it is already up 6 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1. These have more risk.
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
FCEL FUELCELL ENERGY INC. Buy above $18.53 with High Volume with a 5% Trailing Sell Stop Loss below it.
GRTS GRITSTONE ONCOLOGY Buy above $14.82 on High Volume with a 5 % Trailing Sell Stop Loss Below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
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
APPS DIGITAL TURBINE Target Was Hit at $95.00 for an 11.8 % Gain. This trade was not logged.
Please updates your Sell Stops.
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 Mar 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. These have more risk.