Markets were lower again today as Big Tech and Momentum Stocks got hit hard for the second day. Some of the strongest Leaders are quickly down 40 – 60 % from the recent Highs, but they should pop back up at least 1/2 way when the Selling is over. We have been warning about how the Markets were over-bought, that is why we were only in 3 logged positions. Now get ready for for some decent moves up once the Flushing of Tammy (she bought at the Highs) is over. Try to only Buy the Leaders that are still above the Red Lines (50-day avgs.) SNAP IWM GE PENN GBTC FCX are some Leaders to Buy when they return to their Green Zones.
The DOW 30 and Small Cap Indices are holding up fine, but lots of profit taking on the Leaders. We are lowering the Sell Stops on most, as they should bounce up to re-test the recent Highs after emotional dumps. High Relative Strength should prevail…
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).
More Money Wave Buys soon in DAY TRADING SETUPS
Bonds were down, and are below the Green Line.
Crude Oil was up $1.52 today at $61.27.
BUYS TODAY 3/4/2021 NONE TODAY
JUMP START: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
FCEL FUELCELL ENERGY INC. Buy above $19.12 with High Volume with a 5% Trailing Sell Stop Loss below it.
VERU VERU INC. Buy above $15.65 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 EXIT if it is going to Close below the Pink Line around $83.77. The Target was already Hit for 11.8 % Gain.
CGC CANOPY GROWTH LOWER the Sell Stop Loss below $29.00 until it bottoms.
DDD 3D SYSTEMS CORP. LOWER the Sell Stop Loss below $24.50 until it bottoms.
NIO NIO INC. LOWER the Sell Stop Loss below $37.50 until it bottoms.
PACB PACIFIC BIOSCIENCES LOWER the Sell Stop Loss below $27.50.
PDD PINDUODUO LOWER the Sell Stop Loss below $159.00.
Z ZILLOW GROUP LOWER the Sell Stop Loss below $130.00.
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.
Related Post
– FCEL