Markets were higher again today, as many Momentum Stocks finally popped up. The DOW 30 Index and the S&P 500 are back on the Highs, with the other Indices laggings. Volume is low as a warning not to Buy Way Above the Green Lines. Industrial Metals and Commodities are Strong (XME).
Trading would be better if the Indices could pull back down to the Red Lines (50-day avgs.) like the NASDAQ 100 did recently. This would bring in more Buyers. The NASDAQ 100 does not have high enough Relative Strength to meet the Green Line Rules for purchase.
NEW SUBSCRIBERS: Please WAIT for Money Wave Buy Signals (below) with High Volume. The Markets are extended now from Human Emotion and Greed. The better trades happen when the S&P 500 Index is also in the Green Zone. Don’t Buy Investments when they are in the Red Zones (probably too late to Buy for the Short Term).
Several new adds today to DAY TRADING SETUPS
Bonds were down today, and are below the Green Line.
Crude Oil was up $0.06 today at $64.77.
BUYS TODAY 5/7/2021
KOPN KOPIN CORP. Money Wave Buy today but KOPN will not be bought or logged as the Volume is below average of 5.1 MIL.
STX SEAGATE TECH HOLDINGS Money Wave Buy today but STX will not be bought or logged as the Reward / Risk is not 2:1.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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NEW! JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
AFMD AFFIMED THERA. Wait for Money Wave Close > 20 with High Volume.
AMC AMC ENTERTAINMENT Wait for Money Wave Close > 20 with High Volume.
BTX BROOKLYN IMMUNO Wait for Money Wave Close > 20 with High Volume.
MVIS MICROVISION INC. Buy above the Red Line with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
AMAT APPLIED MATERIALS Money Wave must Close in the Green Zone.
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.
TRIP TRIPADVISOR INC. Buy above $47.81 with High Volume with a 5% Trailing Sell Stop Loss below it.
VUZI VUZIX CORP. 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
XLE ENERGY FUND Target was Hit at $53.00 for an 8.1 % Gain.
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.
HAVE A SAFE WEEKEND!