Markets pushed higher on Friday, after some hesitation earlier in the week. With the lunar green period continuing this week we can start looking how high it may go. Here is the Nasdaq chart (click for larger image): Our line in the sand at 3300 was touched and then the market turned up strongly. The… Continue reading The next step
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Key reversal levels for week of July 8, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3255 Down RALLY S: 3406 Up S&P 500 BULL S: 1548 Down RALLY * S: 1612 Up Nikkei BULL S: 12202 Down RALLY S: 13368 Up FTSE 100 BULL * S: 6222 Down RALLY… Continue reading Key reversal levels for week of July 8, 2013
LT Wave for July 2013
Our LT Wave chart for June did reasonably well. It was a roller coaster month indeed. The weakness in the 3rd week came a few days later than expected, and we did get the expected strength in the final week. Here is the LT Wave for July (click for larger image): The chart shows some… Continue reading LT Wave for July 2013
The summer rally
Stocks made a nice drop to major support levels, and have rebounded since the start of our lunar green period. We now need to see some follow through this week, otherwise we can probably forget about a summer rally. Let’s have a look at the S&P 500 (click for larger image): The support level around… Continue reading The summer rally
Key reversal levels for week of July 1, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3242 Down DECLINE R: 3435 Up S&P 500 BULL S: 1549 Down DECLINE R: 1629 Up Nikkei BULL S: 12184 Down RALLY * S: 13307 Up FTSE 100 BEAR R: 6338 Down DECLINE R:… Continue reading Key reversal levels for week of July 1, 2013
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