Markets bounced up today after three days of Selling. as the DOW 30 and S&P 500 Indices bounced up off the Red Lines (50-day avgs.) again. This could be a Bullish “W” Pattern back up to re-test the recent Highs. Then the DOW 30 Index and the S&P 500 would need to make Higher Highs to avoid a “Double Top”.
Momentum Stocks, which we follow, are still trying to bottom after many new Investors bought them on the Highs from Human Greed last month. Now they are “On Sale” but FEAR is keeping many from Buying them down near the Green Lines.
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Low Volume recently has WARNED us against Buying heavily. 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.
Some new adds on DAY TRADING SETUPS
Bonds were up today, but are below the Green Line.
Crude Oil was down $1.34 today at $62.01.
BUYS TODAY 5/20/2021 NONE TODAY
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BTU PEABODY ENERGY CORP. Money Wave must Close in the Green Zone.
BTX BROOKLYN IMMUNO Wait for Money Wave Close > 20 with High Volume.
EYES SECOND SIGHT MEDICAL Buy above the Pink Line ($5.25) with High Volume with a 5% Trailing Sell Stop Loss below it.
RIOT RIOT BLOCKCHAIN Buy above $26.95 with High Volume with a 5% Trailing Sell Stop Loss below it.
VUZI VUZIX CORP. Buy above $17.41 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
CLNE CLEAN ENERGY FUELS Buy above $8.65 with High Volume with a 5% Trailing Sell Stop Loss below it.
OCGN OCUGEN INC. Buy above $9.59 with High Volume with a 5% Trailing Sell Stop Loss below it.
X USX US STEEL GROUP Wait for Money Wave Close > 20 with High Volume.
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
UEC URANIUM ENERGY CORP. EXIT if it is going to Close below the Pink Line around $3.06. This trade was not logged.
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 May 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, or Low Volume. These have more risk.