Markets opened higher, then re-tested yesterday’s Low. The Lows held, so mild Buying came in. The Markets still don’t have much power, as it looks like some are holding back as September is normally not a good month for Stocks.
There have been several Money Wave Buy Signals this week, but most of them have popped up on weak Volume. We like to see Heavy Volume, to show strong Buying Conviction.
New Investors: The Leaders are bouncing up out of the Green Zones for more Money Wave Buy Signals. But the Buying is unusually weak, so we don’t see a big advance until the Volume picks up. The better trades happen when the S&P 500 Index is in the Green Zone (Like yesterday).
Several good Triple Buys on AFRM (+7%), EXPR (+6%), MMAT (+5%), BBIG (+14%) M (+5%). Soon for DVAX GSAT & GSM in DAY TRADING SETUPS.
Bonds were lower today, but are Above the Green Line.
Crude Oil was up $0.04 today at $72.65
BUYS TODAY 9/16/2021
IYR REAL ESTATE FUND Money Wave Buy today, but IYR will not be Bought or Logged as the Volume is below average of 7 MIL.
NUE NUCOR CORP. Money Wave Buy today, but NUE will not be Bought or Logged as the Volume is below average of 3.2 MIL.
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.)
DVAX DYNAVAX TECH Wait for Money Wave Close > 20 with High Volume.
CHS CHICOS FAS INC. Buy above the Pink Line around $4.74 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
NEGG NEWEGG COMMERCE INC. Buy above $21.22 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
TOP 100 LIST Updated Sep 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.