Markets were higher today on hopes of $$ Trillions more of Gov’t. Spending. The S&P 500 and DOW 30 Indices are on all time Highs, but the Small Caps and NASDAQ 100 Funds are trying to catch up. Many investors do not want to Buy up here, so the Volume is low. Low Volume can mean a lack of Buyers, and caution.
Momentum Stocks popped up today as many became very over-sold. These should have some nice “Short Covering” pops back up soon. Because the Markets are near Highs, we are not Buying anything that has Volume below the 50-day average of Volume.
For Short Term Trades, try to Buy only Investments that are still above the Red Lines (50-day avgs.) as they tend to bounce first. The better trades happen when the S&P 500 Index is also in the Green Zone.
A few Pops today on the DAY TRADING SETUPS
On the Close of Mar 31, 2021, the ETF SECTOR ROTATION SYSTEM will replace the S&P 500 Fund (SPY) and the NASDAQ 100 Fund (QQQ) with the Financial Fund (XLF) and the Energy Fund (XLE). To be precise, you would Sell all 5 Funds today and invest 20% of the proceeds evenly into XLF, EEM, SLV, IWM, and XLE on the opening tomorrow. Please note that the S&P 500 Fund, the DOW 30 Fund, and the NASDAQ 100 Fund are all too weak to make the cut now…
Bonds were down slightly today, and are below the Green Line.
Crude Oil was down $1.38 today at $59.16.
BUYS TODAY 3/31/2021
SINO SINO GLOBAL SHIPPING Money Wave Buy today, but SINO has below average Volume of 4.9 MIL today so it will not be bought or logged.
VUZI VUZIX CORP. Money Wave Buy today, but VUZI is already up 18% today so it will not be bought or logged. Maybe you bought earlier on Jump Start.
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.)
CLR CONTINENTAL RESOURCES Buy above $26.75 with High Volume with a 5% Trailing Sell Stop Loss below it.
DDD 3D SYSTEMS CORP. Buy above $27.90 with High Volume with a 5% Trailing Sell Stop Loss below it. 2nd Money Wave Buy soon.
RIG TRANSOCEAN INC. Buy above $3.58 with 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
FUTU FUTU HOLDINGS EXIT on the Close today, or have a tight Sell Stop Loss below it to capture a 31 % Gain.
Please update 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.