Markets were higher today as the Momentum Stocks finally popped up on Money Wave Buy Signals & Short Covering. Many were up 10 -20 % today, and now need to get above the Pink Lines (10-day avgs.) to go higher. 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.)
Many newer Investors did not realize how High the Momentum Stocks had surged, and then panic sold the Leaders after they had dropped 30 – 60 % from the recent Highs. Some Investors bought with borrowed Money (on margin) and were forced to Sell.
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 today, but are below the Green Line.
Crude Oil was down $1.18 today at $63.87.
BUYS TODAY 3/9/2021
FSR FISKER INC. Money Wave Buy today. Target is $28.00. EXIT if it is going to Close below the Red Line of $19.28.
SNAP SNAP INC. Money Wave Buy today. Target is $67.50. EXIT if it is going to Close below $51.32.
LONG TERM SIGNALS on TESLA & PELOTON, But we will WAIT on a pull-back on these…
MGNI MAGNITE INC. Money Wave Buy today. MGNI will not be logged as it is already up 18 % today.
MJ MARIJUANA FUND Money Wave Buy today. MJ will not be logged as the Volume is below average of 3.8 MIL.
SINO SINO GLOBAL SHIPPING Money Wave Buy today. SINO will not be logged as the Volume is below average of 3.2 MIL.
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.)
DDD 3D SYSTEMS (2nd Buy Signal Soon)
GEVO GEVO INC. Buy above the Pink Line of $8.87 on High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
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 NONE TODAY
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
– FSR