Markets were lower today as the Indices could not stay above Tuesday's highs, and profit taking came in. The S&P 500 Index stalled up near the resistance of the Red Line (50-day avg.) around 4188. Maybe the S&P has completed Wave 1 up (with … [Read more...]
Money Wave Alert! Jun 2, 2022
Markets were higher today as the Indices are re-testing Tuesday's highs. The S&P 500 Index has stalled up near the resistance of the Red Line (50-day avg.) around 4188. We will soon see if the S&P has completed Wave 1 up (with 5 smaller … [Read more...]
Money Wave Alert! Jun 1, 2022
Markets were down slightly today, but recovered off the Lows. The S&P 500 Index has stalled up near the resistance of the Red Line (50-day avg.) around 4193. It is normal for the Indices to pause or pull back a little after a 9 % rally last week … [Read more...]
Money Wave Alert! May 31, 2022
Markets were lower today, and the S&P 500 Index has stalled up near the resistance of the Red Line (50-day avg.) around 4193. It is normal for the Indices to pause or pull back a little after a 9 % rally last week up from the lows. Long Term … [Read more...]
Green Line Weekly May 29, 2022
5/29/2022 Markets were up sharply for the week as the Indices were severely over-sold, and Smart Money Buys on the massive FEAR. Most were worried about high Interest Rates and Inflation, but now the Media is telling you that the worst is over (after … [Read more...]
Money Wave Alert! May 27, 2022
MARKETS WILL BE CLOSED ON MONDAY FOR MEMORIAL DAY HOLIDAY. Markets were up again today, and the S&P 500 was able to blow thru the May resistance of 4091. Now the next resistance on the S&P 500 Index is the Red Line (50-day avg.) around … [Read more...]
Money Wave Alert! May 26, 2022
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 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...]
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