Markets were slightly higher today but the S&P 500 Index still needs to Close back above the Red Line (50-day avg.) of 4400 to bring in the Traders back in. The S&P 500 should be able to go back up to re-test the Highs, but we are waiting for the Leaders to return to the Green Zones (probably too late to Sell for the Short Term). Bonds need to stop dropping before we see much of a Stock rally.
Try to only Buy new money investments that held above the Red Lines, as they tend to bounce first.
New Investors: Leaders had some Money Wave Pops last week, but we normally need good Volume for the bounce to last more than one day. Most pops have been on below average Volume. The better trades happen when the S&P 500 Index is in the Green Zone.
Triple Buys today for AFRM (+5%) ANY (+17%) BBIG (+7%) & GSAT (+12%) AMC MMAT MRNA QQQ UNG. Soon for CEI BTU OCGN SPY & IRNT in DAY TRADING SETUPS.
Bonds were up again today, but are Below the Green Line.
Crude Oil was down $0.11 today at $80.53.
BUYS TODAY 10/13/2021
GSM FERROGLOBAL PLC Money Wave Buy today, but GSM will not be bought or logged as it is already up 4 % today on Low Volume.
UNG US NATURAL GAS FUND Money Wave Buy today, but UNG will not be bought or logged as it is already up 4 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
AMC AMC ENTERTAINMENT Buy above the Pink Line around $37.41 with High Volume with a 5% Trailing Sell Stop Loss below it.
CTRA COTERRA ENERGY INC. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
DKS DICKS SPORTING GOODS Buy above $122.02 with High Volume with a 5% Trailing Sell Stop Loss below it.
MRIN MARIN SOFTWARE INC. Buy above the $8.60 with High Volume with a 5% Trailing Sell Stop Loss below it.
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).
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SELLS TODAY NONE TODAY
Click for CURRENT POSITION SCROLLING CHARTS – Real Time (Please check and adjust your Sell Stops).
Click for CLOSED POSITIONS,
NEW: MY TRADING DASHBOARD
DAY TRADING SETUPS
NEW: TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Oct 1, 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.