Markets were able to bounce off the Pink Line, but so far, the bounce was weak with low volume. The low volume tells us that smart money is waiting for a better decision and not trying to trade in this thin market. Oil funds, natural gas funds, and … [Read more...]

Markets went down to the Pink Lines today (10 day averages) and bounced up to avoid a short term Sell Signals. The NASDAQ is nearing a Money Wave Close in the Green Zone so it should bounce up soon. Most of the Leaders and Indices were back up in … [Read more...]

Markets are holding up well today considering the high interest rates. After last week's losing week, the Market was up 300 points this morning but has faded back down to almost even.  Most of the Leaders and Indices were back up in the Red Zones … [Read more...]

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...]

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...]

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...]

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...]

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...]