Green Line Weekly! Aug 23, 2020
08/23/2020 Markets were mostly up for the week as the S&P 500 Index is back up to the Feb. High. The NASDAQ 100 Index made another New High, but the broad New York Index and the Small Caps were down this week. There should be plenty of Sellers up around the Feb Highs (Resistance), so […]
Green Line Weekly! Aug 16, 2020
08/16/2020 Markets were up slightly again for the week as the S&P 500 Index is only 0.2% from the All Time High in Feb. There would normally be plenty of Sellers up around the Feb Highs (Resistance), so a pullback down to the 50-day average or below could create a “Cup & Handle” Pattern back […]
Green Line Weekly! Aug 9, 2020
08/09/2020 Markets were up again for the week as the S&P 500 Index is now back up to the All Time High in Feb. The NASDAQ 100 Index is on New Highs mainly because of huge moves on Amazon, Apple, Google & Microsoft. The broad New York Stock Exchange Index is well off the Highs, […]
Green Line Weekly! Aug 2, 2020
08/02/2020 Markets were mostly up for the week as the S&P 500 Index is getting up close to the All Time Highs in Feb. There would normally be plenty of Sellers at the Feb Highs (Resistance), so a pullback down to the 50-day average or below could create a “Cup & Handle” Pattern (see blue […]
Green Line Weekly! Jul 26, 2020
07/26/2020 Markets were down slightly for the week as the S&P 500 Index was over-bought and was nearing Resistance of the Feb High. Resistance is an area where profit taking came in before, so many will Sell again at Resistance if the Volume is not high. The S&P 500 needs to exceed the Feb Highs […]
Green Line Weekly! Jul 19, 2020
07/19/2020 Markets were up again for the week as the S&P 500 Index is well into a “W” pattern off the Red Line (50-day avg.), and it made it back up to the June Highs. Now the S&P 500 needs to exceed the June Highs for this rally up to continue. The CNN Fear & […]
Green Line Weekly! Jul 12, 2020
07/12/2020 Markets were up again for the week as the Indices are trying to get back up to the early June Highs. The S&P 500 Index is doing a “W” pattern off the Red Line (50-day avg.) and needs to exceed the June Highs for this rally up to continue. Most of the recent Market […]
Green Line Weekly! Jul 5, 2020
07/05/2020 Markets were up big for the week as the Indices are trying to get back up to the early June Highs. The S&P 500 Index is doing a “W” pattern off the Red Line (50-day avg.) and needs to exceed the June Highs for this rally up to continue. The CNN Fear & Greed […]
Green Line Weekly! Jun 28, 2020
06/28/2020 Markets were down for the week after the Indices could not get above the early June Highs. Virus fears caused the S&P 500 Index to go back down to the Red Line (50-day avg.) Now it must do a “W” pattern bounce up soon for this rally up to continue. The CNN Fear & […]
Green Line Weekly! Jun 21, 2020
HAPPY FATHER’S DAY! 06/21/2020 Markets were up for the week after the Indices went down to the Red Lines (50-day avgs.) and bounced. Now the Indices need to exceed to early June Highs for this rally up to continue. The Strongest Indices and Leaders were coming back down to the Green Zones last Monday and […]