Markets were mixed today as the Indices are over-bought and up on the Highs. The Market seems to be waiting on the Spending Bill vote, possibly today, or this weekend. Many of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
The Indices must make Higher Highs soon for the rally that began in March 2020 to continue. Volume has been Low, as disciplined Investors don’t normally Buy when the Indices are Way Above the Green Lines.
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.
Several Triple Buys today: HX (+9%) MARK (+19%) OCGN (+10%) ADMP ANY CEI DATS & GSAT . Soon for AMC BTBT BTU DNN DWAC & PHUN in DAY TRADING SETUPS.
Bonds were up today, and are back Above the Green Line..
Crude Oil was up $0.54 today at $83.35.
BUYS TODAY 10/29/2021 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).
CRK COMSTOCK RESOURCES EXIT if it is going to Close below the Pink Line around $9.92. The Target was already Hit for a 13.8 % Gain.
UNG US NATURAL GAS FUND EXIT if it is going to Close below the Pink Line around $18.83. The Target was already Hit for a 12.9 % 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!