Markets were down again today on Virus Fears and from the Indices being very over-bought. The Tech and Semiconductor Stocks are holding up very well. The DOW 30 Index went down near the Red Line (50-day avg.) which should be a Support area … [Read more...]
Money Wave Alert! Jan 24, 2020
Markets are finally pulling back after being very over-bought. The S&P 500 could not exceed Wednesday's High today, so traders bailed after the S&P 500 dropped below the Pink Line (10-day avg.) Closing below the Pink Line normally … [Read more...]
Money Wave Alert! Jan 23, 2020
Markets rebounded today after dropping down to the Pink Lines (10-day avgs.) and then bouncing. Closing below the Pink Line would normally create a Short Term Sell Signal. The Leading Tech & Semi Stocks were slightly higher. Some of the … [Read more...]
Money Wave Alert! Jan 22, 2020
Markets were mostly higher today as the Tech Stocks made New Highs. The S&P was able to get above Friday's High this morning, but might not Close there. Markets are on Highs and many traders are willing to wait for Earnings to come … [Read more...]
Money Wave Alert! Jan 21, 2020
Markets were lower today after the S&P re-tested Friday's High but could not get thru. Many are waiting on more Earnings to come out. Markets are near Highs so very few Leaders have returned to their Green Buy Zones yet (only 1 … [Read more...]
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