Markets were up gain today as the S&P 5oo Index was able to get above the Pink Line (10-day avg.) Next resistance is the Red Line (50-day avg.) of 2838. More talk today about lowering Rates again. Crude Oil was up $1.83 … [Read more...]
Money Wave Alert! Jun 4, 2019
Markets were up big today as the S&P 5oo Index was able to bounce off the Green Line, and out of the Green Zone today. Next Resistance is the Pink Line (10-day avg.) Some FED talk about lowering Rates again. Crude Oil was up $0.40 … [Read more...]
Money Wave Alert! June 3, 2019
More BAD NEWS on the FAANG stocks has caused FEAR in the Markets, and that is when we like to BUY. The S&P 500 Index is down to the Green Line and Support of 274. It needs to bounce soon to remain Bullish (see chart above). Markets … [Read more...]
Money Wave Alert! Jun 2, 2019
06/02/2019: Markets were down again for the week, and have dropped 9.76% in the Month of May. Lots of FEAR and Bad News now... just the opposite of the Good News and Earnings at the April Highs. Remember, Smart Money Sells on Good News and … [Read more...]
Money Wave Alert! May 31, 2019
Recent BAD NEWS has caused FEAR in the Markets, and that is when we like to BUY. First we need to make sure this decline is an A-B-C Correction down, and the SPY needs to bounce soon around $274 (see chart above). Markets "Gapped Down" … [Read more...]
Money Wave Alert! May 30, 2019
Markets were mixed today after having a small rally this morning. The S&P 500 Index is back down in the Green Zone, and the Watch List is large which normally means a bounce up is coming soon. The S&P 500 Index looks like an … [Read more...]
Money Wave Alert! May 29, 2019
Markets were down again today as the S&P 500 Index fell below the recent Support of 2801. So now this looks like an A-B-C Correction down, with the count on SPY around $274 (see Chart above). The Techs and … [Read more...]
Money Wave Alert! May 28, 2019
Markets were down today on low Volume. The Techs and Semiconductors are trying to firm up but still don't have many Buyers yet. The Markets should force a Trade Solution soon. The S&P 500 Index needs to bounce off of the recent Low … [Read more...]
Green Line Weekly May 26, 2019
05/26/2019: Markets were down again for the week after failing to hold above the Pink Lines (10-day avgs.). If the Indices can hold above the recent Lows of 2801 soon, we could see a rally back up near the April Highs. For the week the … [Read more...]
Money Wave Alert! May 24, 2019
MARKETS WILL BE CLOSED ON MONDAY FOR MEMORIAL DAY Markets were up slightly today on low Volume before the long weekend. The Techs and Semiconductors don't have many Buyers yet. The Markets should force a Trade Solution soon. The … [Read more...]
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