Markets were lower again today as the S&P 500 Index “Gapped Down” below the Red Lines (50-day avgs.) and Short Term Traders Exited. The Markets should have enough momentum to rally back up near the Highs again, but now it might take several weeks. We are Stopping Out of the major Indices today for the Short Term, but you could maybe keep if you believe the FED will save the day again.
Try to only Buy new money investments that are still above the Red Lines, as they tend to bounce first.
New Investors: The Indices have fallen below the 50-day averages, which might mean a larger correction before the next bounce. Normally we won’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.
Triple Buys soon for AMC ANY BBIG BTU DVAX GREE GSAT NVDA & GSM in DAY TRADING SETUPS.
Bonds were lower today, but are Above the Green Line.
Crude Oil was down $1.41 today at $70.76.
BUYS TODAY 9/20/2021 NONE TODAY
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JUMP START SCROLLING CHARTS: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
BBIG VINCO VENTURES INC. Wait for Money Wave Close > 20 with High Volume.
CHS CHICOS FAS INC. Buy above the Pink Line around $4.71 with High Volume with a 5% Trailing Sell Stop Loss below it.
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WATCH LIST SCROLLING CHARTS (Real Time)
AMC AMC ENTERTAINMENT Wait for Money Wave Close > 20 with High Volume.
BTU PEABODY ENERGY Wait for Money Wave Close > 20 with High Volume.
CCJ CAMECO CORP. Wait for Money Wave Close > 20 with High Volume.
GSM FERROGLOBE PLC. Wait for Money Wave Close > 20 with High Volume.
HUT HUT 8 MINING CORP. Wait for Money Wave Close > 20 with High Volume.
NVDA NVIDIA INC. 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
AA ALCOA CORP. EXIT if it is going to Close below the Pink Line around $48.42. The Target was already Hit.
BYSI BEYONDSPRING INC. EXIT if it is going to Close below Support of $22.16. Or change to Long Term (Stop below the Green Line). This trade was not logged.
IYR REAL ESTATE FUND EXIT if it is going to Close below Support of $106.81. This trade was not logged.
M MACY’S INC. EXIT if it is going to Close below your Buy Price, or $21.64.
MRNA MODERNA INC. EXIT if it is going to Close below the Pink Line around $433.88. The Target was already Hit for a 12.8 % Gain.
PXLW PIXELWORKS INC. EXIT if it is going to Close below your Buy Price, or $5.32. This trade was not logged.
QQQ NASDAQ 100 FUND EXIT if it is going to Close below the Red Line of $368.08. This trade was not logged.
SPY S&P 500 FUND EXIT if it is going to Close below the Red Line of $440.08. This trade was not logged.
XLK TECH FUND EXIT if it is going to Close below the Red Line of $153.88. 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
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.
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– CHS