Markets were mostly higher today as the Indices are trying to exceed last week’s Highs again. The S&P 500 and the NYSE were able to hold above the Pink Lines (10-day avgs.) to avoid a Short Term Sell Signals. The Indices are up in the Red Zones (probably too late to Buy for the Short Term).
Trading would be better if the Markets could pull back down to the Red Lines (50-day avgs.) to bring in more Buyers. Don’t Buy Investments when they are in the Red Zones (probably too late to Buy for the Short Term).
NEW SUBSCRIBERS: Please WAIT for the Watch List below to become larger to set up some good trades. The better trades happen when the S&P 500 Index is also in the Green Zone.
Bonds were mixed today, and are below the Green Line.
Crude Oil was up $0.89 today at $64.47.
BUYS TODAY 5/3/2021
AEO AMERICAN EAGLE OUTFITTERS Money Wave Buy today but AEO will not be bought or logged as is it already up 5% and the Volume is below average of 4.3 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk. _______________________________________________________________________________________________________
NEW! JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MVIS MICROVISION INC. Wait for Money Wave Close > 20 with High Volume.
TRIP TRIPADVISOR INC. Buy above $49.28 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
BCRX BIOCRYST PHARMA. Wait for Money Wave Close > 20 with High Volume.
KOPN KOPIN CORP. Wait for Money Wave Close > 20 with High Volume.
NWSA NEWS CORP. Money Wave must Close in the Green Zone.
STKL SUN OPTA INC. Buy above the Pink Line with High Volume with a 5% Trailing Sell Stop Loss below it.
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
GME GAMESTOP CORP. Stopped Out today as GME slipped below the Buy Price of $166.53. This trade was not logged.
VUZI VUZIX CORP. Stopped Out today as VUZI slipped below the Buy Price of $21.88. This trade was not logged.
ZKIN XK INT’L. GROUP EXIT if it is going to Close below the Pink Line around $6.07. (2nd Trade only.)
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.