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...]
Money Wave Alert! May 19, 2022
Markets were mixed today as the Indices are trying to hold above last week's Lows. We need to see a big bounce up soon which could be a sign of a "Double Bottom" or "W" pattern. Failing to bounce would be Bearish. Recently most of the Indices and … [Read more...]
Money Wave Alert! May 18, 2022
Markets were sharply lower today as the Indices are going down to re-test last week's Lows. Yesterday the Markets got up near or above the Pink Lines (10-day avgs.), but most of the Indices were quickly back up in the Red Zones (probably too late to … [Read more...]
Money Wave Alert! May 17, 2022
Markets were higher today as the Semiconductor stocks shot up over 4%. The Markets are trying to get above the Pink Lines (10-day avgs.) which shows strength. But most of the Indices are quickly back up in the Red Zones (probably too late to Buy for … [Read more...]
Money Wave Alert! May 16, 2022
Markets were mixed today as the Tech stocks were weaker from mild profit taking. Normally the Markets will struggle near the Pink Lines (10-day avgs.) after such a big decline in the last few weeks. Maybe re-test the recent Lows once more. We … [Read more...]
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