Markets were mixed today as the Indices are back up to the September Highs, which would normally be Resistance. Now the Indices must continue to make Higher Highs for the rally that began in March 2020 to continue. Many of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Volume is very Low because Smart Money is not Buying at the Highs (we bought 2 weeks ago).
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: DATS (+33%) & ADMP (+5%). Should be some nice ones soon for AA AMC ANY BTBT BTU HUT HX M MARA & OCGN in DAY TRADING SETUPS.
Bonds were up today, but are Below the Green Line.
Crude Oil was up $1.29 today at $83.79.
BUYS TODAY 10/22/2021 NONE TODAY
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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.
INDA INDIA FUND Wait for Money Wave Close > 20 with High Volume.
LPTX LEAP THERA. Wait for Money Wave Close > 20 with High Volume.
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WATCH LIST SCROLLING CHARTS (Real Time)
AA ALCOA CORP. Wait for Money Wave Close > 20 with High Volume.
BTU PEABODY ENERGY 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).
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SELLS TODAY
MOXC MOXIAN INC. EXIT if it is going to Close below Support of $6.31. This trade was not logged.
SNAP SNAP INC. EXIT if it is going to Close below your Buy Price, or $73.41. SNAP dumped today on Bad News, which is when we like to Buy. If you are stuck in it, SNAP will normally return near the Red Line (50-day avg.) when this Selling Climax is over. This trade was not logged.
XLRE REAL ESTATE FUND The Target Hit at $47.50 for a 5.7 % Gain.
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.
HAVE A NICE WEEKEND!
Good morning,
is it ok to buy a stock that already up 5-10 % on triple buy signal?
thank you.
soonok
Probably not, unless you use the “Up or Out” rule with a tight Stop. Make sure the Volume is above Average.
Some like to chase, but only Buy with a tight Sell Stop Loss below it…
Good trading and tell your friends!
When you say ‘the volume’ means Daily volume, right? (Even though I m looking at hourly chart.)
Thank you again,
Yes, the average Daily Volume should be on the 60-min Chart at the top. (see UNG chart below)
Today UNG did 2 X normal Daily Volume.
UNG Chart