Wow, a big hit on Tech and Momentum Stocks today. Markets were down slightly today, but over the weekend the Funds must have decided that they had too much money in high Growth. Markets are back above their 50-day averages which is … [Read more...]
Archives for September 2019
Green Line Weekly Sep 8, 2019
09/08/2019: Markets were up again for the week, after Good News about a meeting to resolve the Trade War. The S&P 500 Index was able to Close above 2944, so next Resistance is the July High of 3028. The Small Caps and Transports are … [Read more...]
Money Wave Alert! Sep 6, 2019
Markets were up slightly again today on low Volume Buying. The FED meets again in 2 weeks. Markets are back above their 50-day averages which is Bullish. Markets are waiting for a Trade War resolution. Bonds were up slightly … [Read more...]
Money Wave Alert! Sep 5, 2019
Markets "Gapped Up" today on favorable Trade news, and the S&P 500 Index popped well above last Friday's Resistance of 2943. The Market is rather weird today as many momentum stocks were down. The FEAR level has dropped, so FEAR Trades … [Read more...]
Money Wave Alert! Sep 4, 2019
Markets were higher today but are still struggling below last week's Highs. Volume is low, showing poor conviction by today's Buyers as many have FEAR. The FEAR is High, so probably a Stock Rally coming. The S&P 500 … [Read more...]
Money Wave Alert! Sep 3, 2019
Markets were down again today on lower Volume and some unfavorable news. The FEAR is High, so probably a Stock Rally coming. Techs and Semiconductors were under pressure from Trade Fears. The S&P 500 Index stalled up near Resistance … [Read more...]
Green Line Weekly Sep 1, 2019
09/01/2019: Markets were up for the week, after the S&P 500 Index went down to re-test last week's Low and held higher. Some of the Indices are back above the Red Lines (50-day avgs.) which is Bullish. The Small Caps and Transports … [Read more...]