Markets were mostly higher today but some Big Tech and Momentum Stocks continued lower. Many newer Investors did not realize how High the Momentum Stocks had become, and are now panic selling the Leaders after they have dropped 30 – 60 % from the recent Highs. Some Investors bought with borrowed Money (on margin) and are being forced to Sell.
The Momentum Leaders should pop at least 1/2 way back up when the Selling is over. Try to only Buy the Leaders that are still holding above the Red Lines (50-day avgs.)
The DOW 30 and Small Cap Indices are holding up fine, but Momentum Stocks are currently getting Flushed. We are lowering the Sell Stops on positions, as long as they are Above the Green Lines. Most Swing Trade positions recently made fresh New Highs and 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 up slightly, but are below the Green Line.
Crude Oil was down $1.25 today at $64.84.
BUYS TODAY 3/8/2021
FUTU FUTU HOLDINGS Money Wave Buy today. Target is $171.00. EXIT if it is going to Close below the Red Line of $118.96.
BNGO BIONANO GENOMICS Money Wave Buy today. BNGO will not be logged as it is already up 14 % today.
VERU VERU INC. Money Wave Buy today. VERU will not be logged as the Volume is below average.
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.)
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WATCH LIST SCROLLING CHARTS (Real Time)
DDD 3D SYSTEMS (2nd Buy Signal Soon)
GEVO GEVO INC. Buy above the Pink Line on High Volume with a 5% Trailing Sell Stop Loss below it.
MGNI MAGNITE INC. Buy above $42.35 on High Volume with a 5% Trailing Sell Stop Loss below it.
MVIS MICROVISION INC. Money Wave must Close in the Green Zone.
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 No Stops today, please.
BIDU BAIDU INC. LOWER the Sell Stop Loss below $220.00 until it bottoms. This trade was not logged.
DDD 3D SYSTEMS CORP. LOWER the Sell Stop Loss below $22.00 until it bottoms. This trade was not logged.
NIO NIO INC. LOWER the Sell Stop Loss below $31.00 until it bottoms.
PACB PACIFIC BIOSCIENCES LOWER the Sell Stop Loss below $24.76 until it bottoms. This trade was not logged.
Z ZILLOW GROUP LOWER the Sell Stop Loss below $122.00 until it bottoms. This trade was not logged.
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
– FUTU