Recent BAD NEWS has caused FEAR in the Markets, and that is when we like to BUY. First we need to make sure this decline is an A-B-C Correction down, and the SPY needs to bounce soon around $274 (see chart above). Markets "Gapped Down" … [Read more...]
Archives for May 2019
Money Wave Alert! May 30, 2019
Markets were mixed today after having a small rally this morning. The S&P 500 Index is back down in the Green Zone, and the Watch List is large which normally means a bounce up is coming soon. The S&P 500 Index looks like an … [Read more...]
Money Wave Alert! May 29, 2019
Markets were down again today as the S&P 500 Index fell below the recent Support of 2801. So now this looks like an A-B-C Correction down, with the count on SPY around $274 (see Chart above). The Techs and … [Read more...]
Money Wave Alert! May 28, 2019
Markets were down today on low Volume. The Techs and Semiconductors are trying to firm up but still don't have many Buyers yet. The Markets should force a Trade Solution soon. The S&P 500 Index needs to bounce off of the recent Low … [Read more...]
Green Line Weekly May 26, 2019
05/26/2019: Markets were down again for the week after failing to hold above the Pink Lines (10-day avgs.). If the Indices can hold above the recent Lows of 2801 soon, we could see a rally back up near the April Highs. For the week the … [Read more...]
Money Wave Alert! May 24, 2019
MARKETS WILL BE CLOSED ON MONDAY FOR MEMORIAL DAY Markets were up slightly today on low Volume before the long weekend. The Techs and Semiconductors don't have many Buyers yet. The Markets should force a Trade Solution soon. The … [Read more...]
Money Wave Alert! May 23, 2019
Markets were down again today on FEAR Selling and lower Volume. The Techs and Semiconductors are weak again. The Markets should force a Trade Solution soon. The S&P 500 Index fell below the Red Line (50-day avg.) of 2858, and now … [Read more...]
Money Wave Alert! May 22, 2019
Markets were down today on Low Volume. Buyers need a reason to get back in, and the Semiconductors have not bounced up off the Green Line. The S&P 500 Index is still battling to hold above the Red Line (50-day avg.) of 2858, to … [Read more...]
Money Wave Alert! May 21, 2019
Markets were up today as the Indexes have been able to hold above last Monday's Lows. The Semiconductors bounced on better news about restrictions with Huawei in China. The S&P 500 Index is still battling to hold above the Red Line … [Read more...]
Money Wave Alert May 20, 2019
Markets were down today as the Indexes are now re-testing last Monday's Lows. The Semiconductors were down more today on restrictions with Huawei in China. The S&P 500 Index will probably not hold above the Red Line (50-day avg.) of … [Read more...]