Markets were mostly higher again today as the Indices are back up to the September Highs. Now the Indices must continue to make Higher Highs for the rally that began in March 2020 to continue. Normally there would be some Selling up here at the Resistance of the previous Highs, as many of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Volume is very Low (Smart Money is not Buying).
The Money Wave Buy Watch List below is very small, which normally means a Market pullback is coming.
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.
Another slow day for Triple Buys: AEHR (+8) ADMP & DATS. Soon for AMC ANY BTBT BTU HUT M & OCGN in DAY TRADING SETUPS.
Bonds were mixed today, after failing Below the Green Line.
Crude Oil was down $0.83 today at $82.59.
BUYS TODAY 10/21/2021
UNG US NATURAL GAS FUND Money Wave Buy today. Volume is low but we will go ahead and Buy because it has 99 Relative Strength. Target is $20.50. EXIT if it is going to Close below $17.13. (2nd Buy Signal).
LPTX LEAP THERA. Money Wave Buy today. LPTX will not be Bought or Logged as the Volume is below average of 7.6 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 SCROLLING CHARTS: (Buy with High Volume.
EVH EVOLENT HEALTH INC. Buy above the $30.90 with High Volume with a 5% Trailing Sell Stop Loss below it. _________________________________________________________________________________________________
WATCH LIST SCROLLING CHARTS (Real Time)
BTU PEABODY ENERGY Wait for Money Wave Close > 20 with High Volume.
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).
____________________________________________________________________________________________________________
SELLS TODAY
AA ALCOA CORP. EXIT if it is going to Close below the Pink Line around $50.78. The Target was already Hit at $52 for a 10 % Gain.
ANY SPHERE 3D CORP.. EXIT if it is going to Close below the Pink Line around $7.61. The Target was already Hit at $8 for a 29 % Gain.
CTRA COTERRA ENERGY INC. EXIT if it is going to Close below your Buy Price, or $20.86. This trade was not logged.
GSM FERROGLOBAL PLC EXIT if it is going to Close below Support of $7.41. This trade was not logged.
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.