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November 29, 2021

Money Wave Alert! Nov 29, 2021

SPY Chart
The S&P 500 and NASDAQ 100 Indices bounced up off the 50-day averages.

Markets were higher today after Friday’s drop, but the Buying was weak as investors have not seen a good Short Term bottom for Stock prices yet. The strongest S&P 500 and NASDAQ 100 Indices were able to hold up above the Red Lines (50-day avgs.) and had nice bounces today. The weaker DOW 30, NYSE & Small Cap Indices dumped below the Red Lines on Friday, and now Red Lines are Resistance. We need to see more stocks making New Highs for the rally to continue.

New Investors:  The Buying Volume on many of the Buy Signals recently has been weak so we are not Buying much. 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 (about 2/3 down to Green Zone now).  

Several Day Trading Pops today: HUT (+5%) LCID (+5%) MARA (+5%) RIOT (+8%) RIVN (+8%) TSLA (+5%) DNN & HIVE . Soon for AMC BKKT BGFV GTEC  BGFV HIVE & M in DAY TRADING SETUPS.  Try out the New Side by Side layout.   

NEW! DAY TRADING FOR INDICES & LARGE CAPS.

Bonds  were down today, and are Above the Green Line.

Crude Oil was up $1.33 today at $69.48.

BUYS TODAY    11/29/2021    

EVGO      EVGO INC.      Money Wave Buy today, but EVGO will not be Bought or Logged as the Volume is below average of 9 MIL.

We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.   

_________________________________________________________________________________________________

JUMP START STOCKS  Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.

LC      LENDING CLUB CORP.      Buy above $36.98 with High Volume with a 5% Trailing Sell Stop Loss below it. 

UPST      UPSTART HOLDINGS    Wait to try to Buy soon around $198. (2nd Buy Signal soon). 

_________________________________________________________________________________________________

SWING TRADING WATCH LIST (Click here)       WATCH LIST SCROLLING CHARTS

BKKT      BAKKT HOLDINGS INC.      Wait for Money Wave Close > 20 with High Volume.         

M      MACY’S INC.      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).      

____________________________________________________________________________________________________________

SELLS TODAY     NONE TODAY

MY TRADING DASHBOARD
DAY TRADING SETUPS
TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM   
New TOP 100 LIST Updated Nov 2, 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.   

Posted By AbovetheGreenLine at 2:44 pm 5 Comments Tagged With: premium

Comments

  1. psychess says

    November 30, 2021 at 10:42 am

    I get when you buy day trading setups but when do you sell. Is it when one indicator drops or does it have to be all three?

    Log in to Reply
    • AbovetheGreenLine says

      November 30, 2021 at 10:44 am

      Hi Todd. Thanks for asking.

      Find Charts below with Red Circles and WAIT for them to change to 3 Green Circles.
      Then BUY immediately! EXIT if the Stock falls below the Pink Dotted Line (10-hour average).

      Log in to Reply
  2. spirop1 says

    December 2, 2021 at 3:08 pm

    Love the new day trading indices and large cap stock charts you added.
    Great addition.

    Log in to Reply
    • AbovetheGreenLine says

      December 2, 2021 at 3:10 pm

      Great!

      Do you use Side by Side Charts, or Full size?

      Log in to Reply
      • spirop1 says

        December 3, 2021 at 4:01 pm

        Full size they are a little easier to read

        Log in to Reply

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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