Green Line Weekly Sep 2, 2018
09/02/2018: Markets were up for the week, as several major Indices made New Highs. The DOW Index, NYSE Index, and World Index have not made New Highs yet and are all weaker than they were in January. A few of the Darling favorites “Melted Up” in August. While the S&P 500 was up 3.03%, AAPL […]
Money Wave Alert! Aug 31, 2018
MARKETS WILL BE CLOSED ON MONDAY. Markets were down slightly today as the Leaders are slowly coming down from the Red Zones (probably too late to Buy for the Short Term). Probably a bounce soon when the Indices near the Pink Lines (10-day avgs.) Please be patient and WAIT for the Leaders and Indices to […]
Money Wave Alert! Aug 30, 2018
Markets were down today as the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Probably a bounce soon when the Indices near the Pink Lines (10-day avgs.) Momentum traders are rotating into fewer stocks, and the list is becoming very narrow. Please be patient and WAIT […]
Money Wave Alert! Aug 29, 2018
Markets were up again today as the Strongest Leaders are “melting up” on continued Buying. Momentum traders are rotating into the fewer stocks, and the list is becoming very narrow. The S&P 500 is now over-bought (Top Bollinger Band). Usually when this rally stalls out, the S&P 500 will fade back down to Test the […]
Money Wave Alert! Aug 28, 2018
Markets were up slightly today on follow through Break Out Buying by the S&P 500. Usually when this rally stalls out, the S&P 500 will fade back down to Test the 2872 Break Out level. It would be “Bullish” to Hold and Bounce near 2872… Falling below 2872 could cause Selling. Very few individual stocks […]
Money Wave Alert! Aug 27, 2018
Markets “Gapped Up’ on Good News and Break Out buying as the S&P 500, NASDAQ, and Small Cap Indices made New Highs again today on lower Volume. Very few individual stocks are making New Highs. The DOW Transport Index made new Highs, but the DOW Industrial Index has not (DOW Theory). The Leaders are back […]
Weekly Green Line August 26, 2018
08/26/2018: Markets were up for the week, as several major Indices made New Highs. Now the Indices should hold above the January Highs for the rally to remain healthy, as old Resistance should become Support. A more “Bullish” scenario would have been for the Markets to shoot up thru the Highs with Huge Volume. That […]
Money Wave Alert! Aug 24, 2018
Markets were higher today as the S&P 500, NASDAQ, and Small Cap Indices made New Highs on lower Volume. So far the Break Outs have not decisively pushed up thru the January Highs. Very few individual stocks are making New Highs. The DOW Transport Index made new Highs, but the DOW Industrials have not (DOW […]
Money Wave Alert! Aug 23, 2018
More summer doldrums. Markets were mixed again today as the S&P 500 has stalled up near the January Highs, which is normal. Failing to make New Highs soon would be not be “Bullish”. The DOW Transport Index made new Highs, but the DOW Industrials have not. The Leaders are back up in the Red Zones (probably […]
Money Wave Alert! Aug 22, 2018
Markets were mixed today as the S&P 500 has stalled up near the January Highs, which is normal. Failing to make New Highs soon would be not be “Bullish”, and the Volume has not been higher like it should be for a Break Out to higher levels. The Leaders are back up in the Red […]