Markets were slightly higher today but the S&P 500 Index is still struggling to Close above the Red Line (50-day avg.) of 4403. The S&P 500 Index might have finished with an A-B-C Correction. Then the S&P 500 could go back up to re-test the Highs. Several Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term).
Try to only Buy new money investments that held above the Red Lines, as they tend to bounce first.
New Investors: Leaders have had some Money Wave Pops. 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 (+7%) & LIFE (+11%). Soon for AMC ANY BBIG BTU CRVS MRIN & IRNT in DAY TRADING SETUPS.
Bonds were down again today, and are back Below the Green Line.
Crude Oil was up $1.27 today at $79.57.
BUYS TODAY 10/8/2021
LIFE ATRY PHARMA INC. Popped up above above $8.82 for a 10 % Gain, but the Volume was not High. LIFE will not be Bought or Logged. Maybe you got some on the Triple Buy Signal earlier 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 $37.49 with High Volume with a 5% Trailing Sell Stop Loss below it.
BBIG VINCO VENTURES INC. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
DKS DICKS SPORTING GOODS Buy above $122.02 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
AA ALCOA CORP. 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).
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SELLS TODAY
F FORD MOTOR CO. Target was finally Hit at $15 for a 3.6 % Gain today.
UNG US NATURAL GAS FUND EXIT if it is going to Close below the Pink Line around $19.99. The Target was already Hit for an 8.8% Gain.
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.
HAVE A NICE WEEKEND!