Markets were down again today on mild selling. The very strongest Leaders are holding above the Pink Lines to avoid Short Term Sell Signals, but the major Indices will probably close below the Pink Lines today. The S&P 500 Index needs … [Read more...]
Money Wave Alert! Apr 21, 2020
Money Wave Alert! Apr 20, 2020
Markets were down today as profit taking came in on some of the Leaders. Most of the Leaders are currently over-bought for the Short Term. The S&P 500 Index should have Support near the Pink Line (10-day avg.) around 2776. All of the major … [Read more...]
Money Wave Alert! Apr 17, 2020
Markets "Gapped Up" today on hopeful News, but the Volume was low. The S&P 500 Index is back above the Red Line (50-day avg.) but the Buying was average. The Markets should hold up OK until they break the Pink Lines (10-day avgs.) Most … [Read more...]
Money Wave Alert! Apr 16, 2020
Markets were mixed today as many of the Leaders continued higher. The Selling has been very mild, and it looks like the S&P 500 Index will hold up OK until it breaks the Pink Line (10-day avg.) at 2706 (see Chart above). Most of the … [Read more...]
Money Wave Alert! Apr 15, 2020
Markets were down today and the S&P 500 Index is back below the Red Line (50-day avg.) of 2810. Most of the Leaders are currently over-bought for the Short Term on Good News about COVID 19. But all of the major Indices except the NASDAQ … [Read more...]
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