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October 6, 2019

Green Line Weekly Oct 6, 2019

  10/06/2019:  Markets did not bounce up at the Red Lines (50-day avgs.) last week, and dropped down near the Green Lines before bouncing back up. So far the Bears got a Double Top pattern on the S&P 500 Index. But the Bulls are … [Read more...]

October 4, 2019

Money Wave Alert! Oct 4, 2019

QQQ

  Markets  were up again today as the S&P 500 Index is almost back up to the Red Line of 2949 and Resistance. Volume is Low. Emotions are High as Investors react from Good News and Bad News each day. This indicates equilibrium: same … [Read more...]

October 3, 2019

Money Wave Alert! Oct 3, 2019

SPX Chart

  Markets  were up slightly today after the S&P 500 Index dipped down almost to the Green Line this morning, and bounced. The S&P 500 Index is back down in the Green Zone, but the Relative Strength has dropped below 80 required for … [Read more...]

October 2, 2019

Money Wave Alert! Oct 2, 2019

DIA Chart

  Markets  were down again today after the S&P 500 Index closed below the Red Line (50-day avg.) yesterday and then sold off more today. Now Support is the Green Line at 2852. The Tech stocks have been under a lot of pressure, and are … [Read more...]

October 1, 2019

Money Wave Alert! Oct 1, 2019

  Markets  were down today after the S&P 500 Index went slightly above the Pink Line (10-day avg.) and then sold off. Closing above 2981 on the S&P 500 should bring in more Buying. The Tech stocks have been under a lot of pressure, … [Read more...]

September 30, 2019

Money Wave Alert! Sep 30, 2019

ATUS Chart

  Markets  were up today as the S&P 500 Index is trying again to get up above the Pink Line (10-day avg.) Closing above 2987 on the S&P 500 should bring in more Buying. The Tech stocks have been under a lot of pressure, and some are … [Read more...]

September 29, 2019

Green Line Weekly Sept 29, 2019

  09/29/2019:  Markets were down again for the week, as the Bears are betting on a Double Top on the S&P 500 Index. The Bulls are betting on a "Cup & Handle" pattern. A Cup & Handle pattern would normally stall at Resistance, fade … [Read more...]

September 29, 2019

Green Line Weekly Sep 29, 2019

SPX Chart

  09/29/2019:  Markets were down again for the week, as the Bears are betting on a Double Top on the S&P 500 Index. The Bulls are betting on a "Cup & Handle" pattern. A Cup & Handle pattern would normally stall at Resistance, fade … [Read more...]

September 27, 2019

Money Wave Alert! Sep 27, 2019

SPX Chart

  Markets  were down today on lower Volume as the S&P 500 Index failed again to get up above the Pink Line (10-day avg.) this morning and bring in more Buying. Now the S&P 500 needs to hold at the Red Line (50-day avg.) around 2952. … [Read more...]

September 26, 2019

Money Wave Alert! Sep 26, 2019

SPX 60 Chart

  Markets  were down slightly today after rallying back up from a low this morning. The S&P 500 Index went almost down to the Red Line (50-day avg.) and bounced. The S&P 500 Index could be going up on Wave 5 of the move back up to the … [Read more...]

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