Markets were lower again today, as the DOW 30 Index and the S&P 500 are finally correcting down to their Red Lines (50-day avgs.) Now Investors are a little scared (FEAR), which is when we like to Buy soon. The DOW 30 is the strongest Index, and the NASDAQ 100 is the weakest.
Oil Stocks were higher but are back up in the Red Zones (probably too late to Buy for the Short Term).
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Watch List has grown as many Momentum have pulled back down into the Green Zones for Money Wave Buy Signals soon. The better trades happen when the S&P 500 Index is also in the Green Zone (very soon).
New adds today to DAY TRADING SETUPS
Bonds were down again today, and are below the Green Line.
Crude Oil was up $0.44 today at $65.73.
BUYS TODAY 5/12/2021 NONE TODAY
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).
STX SEAGATE TECH EXIT if it is going to Close below Support of $86.22. This trade was not logged.
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, or Low Volume. These have more risk.