Stocks weakened last week, but the Nasdaq remains in the rising wedge pattern that started last year. It is still not clear which way the eventual breakout move will go. Here is the current Nasdaq chart (click image to enlarge it): Thursday’s drop threatened a breakout to the downside, but Friday’s recovery shows the Nasdaq… Continue reading Breakout imminent
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Outlook for Week of May 4, 2015
Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode. If you have any trouble to see the presentation below, then you can also click here. Happy trading, Danny
Weekly Reversal Levels for May 2, 2015
Keeping an eye on the bigger picture once a week is helpful because trading in the direction of the weekly trend has better odds of being profitable. Below are the weekly reversal levels for over 1500 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode. For shorter term trading… Continue reading Weekly Reversal Levels for May 2, 2015
Refusing the downside
The S&P 500 has edged out new highs. The Nasdaq shows a but more vigor. The Dow is lagging. Is this the end of the sideways period that started in November? Or just a false breakout that pulls in the last buyers? It is hard to tell. Let’s have a look at the S&P (click… Continue reading Refusing the downside
Outlook for Week of April 27, 2015
Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode. If you have any trouble to see the presentation below, then you can also click here. Happy trading, Danny
LunaticTrader Blog 