MARKETS WILL BE CLOSED TOMORROW FOR THANKSGIVING HOLIDAY.
Markets were up slightly today after dipping lower in the morning. The weaker DOW 30, NYSE, and the Small Cap Indices are struggling to bounced up off the Red Lines (50-day avgs.) but are over-sold for the Short Term. A few of the strongest large Tech Stocks (AMD BX NVDA QCOM & TSLA) were able to bounce up off the Pink Lines (10-day avgs.) as expected. The S&P 500 and NASDAQ 100 Indices did not bounce up yesterday at the Pink Lines, but will probably close above them today.
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.
Bonds were up today, and are Below the Green Line..
Crude Oil was down $0.18 today at $78.32.
BUYS TODAY 11/24/2021
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).
SELLS TODAY NONE TODAY
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.