Money Wave Alert! Oct 9, 2019
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 and WAIT for the Leaders to come back down from […]
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 Precious Metals were up today. Please be patient and WAIT for the […]
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 for the Leaders to come back down from the Red Zones […]
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 encouraged by the big bounce on Thursday and Friday. So the Markets […]
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 amount of Buyers & Sellers. No Conviction. Bonds were up again […]
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 Indices. Maybe once more down tomorrow and then a rally back up […]
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 very over-sold. Bonds were up slightly today but are well […]
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, and some are very over-sold. Bonds were up slightly today but […]