Markets "gapped up" today on Low Volume. Markets don't know what to do now. The S&P 500 Index has Resistance of the Red Line (50-day avg.) of 2946 and needs to hold above last week's Low of 2875 to become Bullish. Please be patient … [Read more...]
Archives for October 2019
Money Wave Alert! Oct 8, 2019
Markets "gapped down" today as the S&P 500 Index failed at the Resistance of the Red Line (50-day avg.) of 2950. Volume is Low. The S&P 500 needs to hold above last week's Low of 2875 to become Bullish. Home Builders and … [Read more...]
Money Wave Alert! Oct 7, 2019
EARLY EDITION Markets were mixed today as the S&P 500 Index is over-bought from the rally up last week off the Green Line. Now there is Resistance at the Red Line (50-day avg.) of 2950. Volume is Low. Please be patient and WAIT … [Read more...]
Green Line Weekly Oct 6, 2019
10/06/2019: Markets did not bounce up at the Red Lines (50-day avgs.) last week, and dropped down near the Green Lines before bouncing back up. So far the Bears got a Double Top pattern on the S&P 500 Index. But the Bulls are … [Read more...]
Money Wave Alert! Oct 4, 2019
Markets were up again today as the S&P 500 Index is almost back up to the Red Line of 2949 and Resistance. Volume is Low. Emotions are High as Investors react from Good News and Bad News each day. This indicates equilibrium: same … [Read more...]
Money Wave Alert! Oct 3, 2019
Markets were up slightly today after the S&P 500 Index dipped down almost to the Green Line this morning, and bounced. The S&P 500 Index is back down in the Green Zone, but the Relative Strength has dropped below 80 required for … [Read more...]
Money Wave Alert! Oct 2, 2019
Markets were down again today after the S&P 500 Index closed below the Red Line (50-day avg.) yesterday and then sold off more today. Now Support is the Green Line at 2852. The Tech stocks have been under a lot of pressure, and are … [Read more...]
Money Wave Alert! Oct 1, 2019
Markets were down today after the S&P 500 Index went slightly above the Pink Line (10-day avg.) and then sold off. Closing above 2981 on the S&P 500 should bring in more Buying. The Tech stocks have been under a lot of pressure, … [Read more...]