Markets were mixed today as the S&P 500 and DOW 30 Indices are on all time Highs, so many investors do not want to Buy up here. But nobody wants to Sell either, from FOMO (Fear Of Missing Out). Because the Markets are near Highs, we are not Buying anything that has Volume below the 50-day average of Volume. Low Volume can mean a lack of Buyers, and caution.
Try to Buy only Investments that are still above the Red Lines (50-day avgs.) as they tend to bounce first.
Some Stock Indices and Leaders popped up out of the Green Zones on Thursday and Friday to create a rally, but the Low Volume is not encouraging for further upside. Where are the Buyers? The better trades happen when the S&P 500 Index is also in the Green Zone.
Low Volume and nothing popping on DAY TRADING SETUPS
Bonds were down today, and are below the Green Line.
Crude Oil was up $0 61 today at $61 41
BUYS TODAY 3/29/2021
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).
Z ZILLOW GROUP LOWER the Sell Stop Loss below the Green Line of $106.23 until it bottoms. This trade was not logged.
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.