We seem to be going through a rather mild correction in US stock markets. In other international markets the declines have been more significant. As we said a few months ago, the second half of the year will be more difficult to navigate, and that continues to be the case. Is the correction (almost) over?… Continue reading S&P 500: downside risk remains
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Key reversal levels for week of September 9, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3660 BULL S: 3426 6.07 (6.69) RALLY * S: 3607 0.60 (-0.26) S&P 500 1655 BULL S: 1598 2.78 (3.79) DECLINE R: 1665 -2.34 (-3.58) Nikkei 13861 BULL S: 12718 0.90 (1.33) RALLY * S:… Continue reading Key reversal levels for week of September 9, 2013
A September to buy
Only a quick post for today. Weakness in stock markets around the world has continued. So, it looks like we are getting a weak lunar green period indeed. Let’s have a look at the Nasdaq chart (click for larger image): The Nasdaq has held up better than most other market indices. The 3575 level has… Continue reading A September to buy
Key reversal levels for week of September 2, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3590 BULL S: 3410 6.69 (7.47) DECLINE * R: 3635 -1.62 (-1.39) S&P 500 1633 BULL S: 1595 3.79 (4.96) DECLINE R: 1667.20 -5.82 (-5.72) Nikkei 13389 BULL S: 12634 1.33 (2.12) DECLINE R: 13844… Continue reading Key reversal levels for week of September 2, 2013
The case for Dow 32000
If you look at a long term chart of the Dow Jones Industrials it is interesting to see how symmetrical the advance since the 1932 depression lows has been. You could turn the chart upside down around a point in late 1974, and it would look almost exactly the same. This chart lines out some… Continue reading The case for Dow 32000
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