Markets were mixed today as Tech & Momentum Stocks continued to be under selling pressure. Oil Stocks firmed up, but Volume was low everywhere. Some are now worried about Economic weakness, but the Leaders were just very over-bought. More Money Wave Buy Signals soon.
The Stock Indices and many Leaders are back down to the Green Zones (probably too late to Sell for the Short Term). The WATCH LIST has become very large (so many we can’t list them all) because many have not been bouncing up lately. A large Watch List probably means a rally is coming, but WAIT for Green Zone Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone.
New additions today to DAY TRADING SETUPS
Bonds were up again today, but are below the Green Line.
Crude Oil was up $2.94 again today at $60.70.
BUYS TODAY 3/24/2021
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).
SELLS TODAY NONE TODAY
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.