Markets were higher today on continued buying from good Earnings. Some of the Tech and Semiconductor stocks had some profit taking after yesterday’s surge up. This might be near the end of Wave 3 up since the Sep. lows. Then normally a mild Wave 4 pull-back. The Buying Volume was not good and many of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
New Investors: Leaders are back up in the Red Zones. Please WAIT for the Leaders to correct back down into the Green Zones for more Money Wave Buys. It does not take that long. The better trades happen when the S&P 500 Index is in the Green Zone.
Bonds were up today, and are back Above the Green Line..
Crude Oil was up $2.77 today at $81.58.
BUYS TODAY 11/05/2021 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).
MARK REMARK HOLDINGS EXIT if it is going to Close below Support of $1.68. This trade was not logged.
CLF CLEVELAND CLIFFS STEEL EXIT if it is going to Close below the Red Line of $22.38 in the Long Term Portfolio. The Target was already Hit for a 15.6 % Gain.
CZR CAESAR’S ENTERTAINMENT EXIT if it is going to Close below the Red Line of $108.67 in the Long Term Portfolio. The Target was already Hit for a 16.1 % Gain.
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!