Money Wave Alert! Oct 31, 2018

  Markets  “Gapped Up”  today on the first good Buying in a while.  Looks like a lot of Short Covering to take profits from betting on a drop.  The Selling appears to be almost complete, but maybe once more down. The S&P needs to Close above Green Line of 2726.  The Markets are extremely over-sold,  […]

Money Wave Alert! Oct 30, 2018

  Markets  were up  today but the Indices still have more work to draw in Buyers. The Selling appears to be almost complete. The S&P needs to Close above Pink Line (10-day avg.) of 2718.  The Markets are extremely over-sold, indicating a Market rally soon. October can be a down month for Markets. The Strongest […]

Money Wave Alert! Oct 29, 2018

  Markets  were down today after a rally this morning. Volume is lower, as the Selling appears to be almost complete. S&P needs to Hold above the recent Lows of 2628.  The Markets are extremely over-sold, indicating a Market rally soon. October can be a down month for Markets. The Strongest Leaders  that Hold Above […]

Green Line Weekly Oct 28, 2018

  10/28/2018:  Markets dumped for the week, as the S&P 500 sliced below the Green Line. Closing well below the Green Line is “Bearish”, but the Markets should have an oversold bounce soon.  Soon the Strongest Leaders that are holding Above the Green Line + Above 90 Relative Strength should go back up to re-test the September […]

Money Wave Alert! Oct 26, 2018

  Markets  dropped back down today as they needed to re-test the recent Lows. The major Indices made slightly Lower Lows, but it does not look like they will Close below Wednesday’s Low. The Markets are extremely over-sold, and the FEAR Index has not made Higher Highs and is in the Red Zone, indicating a Market […]

Money Wave Alert! Oct 25, 2018

  Markets  bounced up from extreme over-sold conditions today. The DOW Index and the NASDAQ 100 were able to hold Above their Green Lines, but the S&P 500 and Small Cap Indices did not hold. This Market has become weaker than expected, as the S&P dumped below the Green Line of 2727 yesterday. But the Strongest […]

Money Wave Alert! Oct 24, 2018

  Markets  are grinding their way lower as the major Indices are at or Below their Green Lines. The S&P weekly chart is back down in the Green Zone (probably too late to Sell), but needs to bounce soon. The Volatility or FEAR Index (VIX) has not been making New Highs lately, which could indicate a […]

Money Wave Alert! Oct 23, 2018

  Markets  dropped down today, as the S&P 500 went back down to re-test the recent Lows near the Green Line (250-day avg.)  So far the  S&P is holding above Support and the Green Line, and then it should work its way back up towards the Red Line (50-day avg.) in a few weeks. ____________________________________________________________________________________ The […]

Money Wave Alert! Oct 22, 2018

  Markets  were mixed today, but the Tech stocks bounced up from over-sold levels. The S&P 500 is slowly going back down to re-test the recent Lows near the Green Line (250-day avg.)  Most likely the S&P will hold Support, and work its way back up towards the Red Line (50-day avg.) in a few weeks. […]

Green Line Weekly Oct 21, 2018

  10/21/2018:  Markets were up slightly for the week, as the S&P 500 is going back down to re-test the Green Line. Bouncing before the Green Line would be “Bullish”. Then possibly a larger rally up for the Leaders. Now the Indices are back down near the Green Zones, for Money Wave Buys soon. Weaker Investments might not […]