Markets were higher today as the FED today promised more easy money until the Unemployment rate drops to 4.5%. Bonds don’t like it, and made New Lows again from Inflation Fears. Bonds could keep dropping, until the FED is forced to tighten (probably much sooner than they promised). Tammy bought Bonds last year on FEAR and FED manipulation, and has now has a 25 % loss. Smart Money unloaded Bonds last year with a tiny 1 % Yield (now at 2.4% Yield). Higher Bond Yields will eventually hurt the housing market.
The Stock Indices and almost all of the Leaders and Current Positions now back up near the Red Zones (probably too late to Buy for the Short Term.) Currently the Watch List is small, which says CAUTION. Now is the time to use discipline, and WAIT for Green Zone Buy Signals. It does not take that long.
The S&P 500 Index needs to make New Highs soon for this rally to continue. The better trades happen when the S&P 500 Index is also in the Green Zone (now back up in the Red Zone).
A few news ones on the DAY TRADING SETUPS.
Bonds were down again today, and are below the Green Line.
Crude Oil was down $0.13 today at $64.67.
BUYS TODAY 3/17/2021 NONE TODAY
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).
GME GAMESTOP CORP. EXIT if it is going to Close below the Pink Line around $214.32. The Target was already Hit.
Please update your Sell Stops.
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.