Markets were higher today on mild Buying of the weaker Semiconductor and Big Tech Stocks. The leading Metals Stocks are correcting down near the Red Lines and should pop back up again soon. The DOW 30 and S&P 500 Indices are having 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 are slowly perking back up and are 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 slightly today, and are below the Green Line.
Crude Oil was up $2.38 today at $65.96.
BUYS TODAY 5/24/2021
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).
UEC URANIUM ENERGY CORP. EXIT if it is going to Close below the Pink Line around $3.02. 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.