08/20/2017: Markets were down again this week. The Money Wave Pops were poor, indicating that not many Buyers were left with the Markets near Highs. Now the Small Caps have corrected down near the Green Line, for a probably bounce … [Read more...]
Archives for August 2017
Money Wave Alert! Aug 18, 2017
Markets are mixed today, after the weaker Indices slipped below the Red Lines (50-day avgs.) yesterday for some Medium Term Sell Signals. The S&P 500 fell below the previous Support at 2437, so next Support is around 2408. Try to Buy … [Read more...]
Money Wave Alert! Aug 17, 2017
Markets are down today, filling the "GAP UP" from panic Buying last week. The Buying was poor recently, so nimble Traders got out. The S&P 500 has Support at 2437, for possible "W" pattern back up. Markets must make New Highs soon … [Read more...]
Money Wave Alert! Aug 16, 2017
Markets are trying to push higher, but the Buying is poor. There have been many Money Wave Buy Signals this week, but the bounces are weak so far. The Markets could be exhausted after good Earnings recently. Markets must make New Highs … [Read more...]
Money Wave Alert! Aug 15, 2017
Markets don't have any news, so little movement today. More Money Wave Buy Signals are kicking in today, but the bounces are poor so far. Markets must make New Highs soon for this rally to continue. AAPL is one of the few New Highs … [Read more...]
Money Wave Alert! Aug 14, 2017
Markets "Gapped Up" today, as many Money Wave Buy Signals are kicking in today. Markets were Over-Sold for the Short Term, and buyers are coming in. The big DOW Leaders held up fine, but the weaker investments like the Small Caps have … [Read more...]
Green Line Weekly Aug 13, 2017
08/13/2017: Markets were down over 1% this week, as the DOW was 2000 points Above the Green Line, and Smart Money finally took some profits. Dumb Money had been Buying on the better than expected Earnings (SELL ON GREAT NEWS), and now … [Read more...]
Money Wave Alert! Aug 11, 2017
Markets were up slightly again today, but not much Buying before the weekend. Markets are getting Over-Sold for the Short Term, and should set up for better trades. The big DOW Leaders are holding up fine, but the weaker investments like … [Read more...]
Money Wave Alert! Aug 10, 2017
Markets were down again today, as the Herd is finally losing confidence and taking some profits. This is the kind of BAD NEWS we have been waiting for, to relieve some of the Over-Bought Markets, and set up for better trades. The big DOW … [Read more...]
Money Wave Alert! Aug 9, 2017
Markets were down today, as many Leaders slipped below their Pink Lines (10-day avgs) to create short term Sell Signals. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term). BioTechs and … [Read more...]