Markets have stretched themselves into new highs. The Nasdaq is the main laggard. So far the “correction” has been limited to a few overvalued sectors and appears over already. But that doesn’t necessarily set us up for another big swing to the upside. I think we will have a choppy sideways market for several more… Continue reading Summer weakness
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Key reversal levels for week of May 5, 2014
Comments on the key levels for this week : * Major stock markets have put in a strong week. The FTSE100 has broken above its weekly key reversal level and is now bullish again. This leaves Nikkei as the only major market that is still bearish on the weekly level. Meanwhile weekly MoM is turning… Continue reading Key reversal levels for week of May 5, 2014
What’s in store for May
Every new month is a good opportunity to check out some monthly charts and key reversal levels. It helps to keep a proper long term perspective. Let’s start with the LT wave chart for May (click for larger image): The LT wave chart for April did a fairly decent job. The month started strong as… Continue reading What’s in store for May
Rumblings…
Stocks started the week on a strong note, only to give back those gains by the end of week. Yet another sign that the peak is in? Or just a pause before we head higher again? Here is the current S&P 500 chart (click for larger image): The S&P has held up much better than… Continue reading Rumblings…
Key reversal levels for week of April 28, 2014
Comments on the key levels for this week : * Major stock markets continue to show a rather mixed picture in the weekly key reversal levels. FTSE100 and Nikkei remains mildly bearish with MoM turning upwards, while the Nasdaq , S&P 500 and DAX are mildly bullish with MoM going down. This picture will eventually… Continue reading Key reversal levels for week of April 28, 2014
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