Stocks tried to rally for a few days, but fell back just as quickly. The pullback has been very orderly so far, and after 4 weeks of downside action a bottom may be near. Of course it is also possible that more downside action is in the pipeline. Let’s have a look at the Nasdaq… Continue reading Be ready for everything
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Outlook for Week of May 16
Outlook for world markets with brief comments for next week. If you have any trouble to see the presentation below, then click here. Click the “Expand” button (bottom right) to watch in full screen mode. * The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/. *… Continue reading Outlook for Week of May 16
Pullback underway
Stocks have started a long awaited pullback. The bearish divergences we mentioned a few weeks ago have finally taken their toll on the market rally. Now the question becomes how deep the pullback will be and when it will end.Let’s have a look at the S&P 500 chart. The S&P has lost about 50 points… Continue reading Pullback underway
Outlook for Week of May 9
Outlook for world markets with brief comments for next week. If you have any trouble to see the presentation below, then click here. Click the “Expand” button (bottom right) to watch in full screen mode. * The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/. *… Continue reading Outlook for Week of May 9
LT wave for May
Stock markets have finally entered something more than a 2 day pullback. Last week’s advice to step aside works out fine so far. Now the next challenge is to watch for signs of a bottom. Let’s have a look at the Nasdaq chart: All my indicators keep pointing down, with bearish divergences still in place.… Continue reading LT wave for May
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