Markets were up again today, but it is nearing May resistance. The S&P 500 Index successfully closed above the down channel, but it needs to Close above 4091 to break resistance. Notice how the Media is now presenting more positive new … [Read more...]
Money Wave Alert! May 26, 2022
Money Wave Alert! May 25, 2022
Markets were higher today as the Selling was gone in the weaker stocks. Most of the weak hand investors should already be Flushed out on the FEAR Selling. Soon we will find out if last week's decline was as a "Double Bottom" or "W" pattern. That … [Read more...]
Money Wave Alert! May 24, 2022
Markets were lower today as Snap Chat spooked the Social Media stocks on Earnings data. Another chance to flush out the weak hand investors on FEAR Selling. Soon we will find out if last week's decline was as a "Double Bottom" or "W" pattern. That … [Read more...]
Money Wave Alert! May 23, 2022
Markets were sharply higher today as the Sellers dried up for a while. Maybe last week's decline was perceived as a "Double Bottom" or "W" pattern. That could be Bullish for a larger rally, but today's low Volume is not impressive. Now we need to … [Read more...]
Money Wave Alert! May 20, 2022
Markets were lower today as the weaker Indices were not able to bounce up at last week's Lows. The S&P 500 and NASDAQ 100 Indices made slightly lower lows, but the Small Caps & Semis did not. This was bearish, but the selling Volume was low. … [Read more...]
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