Markets were mostly mixed today as the Indices are back up near the Highs. The Tech Stocks were strong again, and the NASDAQ 100 Index made a New High. The DOW 30 Index has dumped down to the Red Line (50-day avg.) Now the Indices need to make New Highs for the rally to continue. We need to see more stocks making New Highs to remain Bullish. A Big day today on the DAY TRADING SETUPS.
New Investors: The Watch List has quite a few entries, so now we need some good Buying Volume. Please be patient and WAIT for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone.
Several nice Day Trading Pops today: BKKT (+20%) HIVE (+7%) HUT +8%) LCID (12%) RIOT (+9%) MARA (+10%) OCGN (+12%) & PHUN (+12%). Soon for BGFV DNN & EVGO in DAY TRADING SETUPS. Try out the New Side by Side layout.
Bonds were up today, but are back Above the Green Line..
Crude Oil was down $2.76 today at $75.65.
BUYS TODAY 11/19/2021 NONE TODAY
JUMP START SCROLLING CHARTS: (Buy 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).
BGI BIRK’S GROUP INC. Target was Hit at $3.50 for a 15.5 % Gain. This trade was not logged.
UPST UPSTART HOLDINGS LOWER the Sell Stop Loss below $200 until it bottoms.
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 NICE WEEKEND!