Markets were mixed today but the DOW 30 Index bounced up off the Red Line (50-day avg.) again and was higher. The large Tech Stocks went down near the Pink Lines (10-day avgs.) and should pop back up again soon. The S&P 500 and NASDAQ 100 Indices are trying to hold above the Pink Lines today after dropping below this morning. Only two of the major Indices were able to make New Highs recently. We need to see more stocks making New Highs for the rally to continue.
New Investors: The Watch List below 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 Day Trading Pops today: BKKT (+10%) BTU (+10%) DNN (+9%) HIVE RIOT (+7%) & MARA (5%). Soon for BGFV EVGO HUT LCID M OCGN RIVN & PHUN TSLA in DAY TRADING SETUPS. Try out the New Side by Side layout.
Bonds were down today, and are Below the Green Line..
Crude Oil was up $1.96 today at $78.71.
BUYS TODAY 11/23/2021 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).
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.