We have recorded the first negative lunar green period of the year. The Nasdaq lost 59 points. Is this the start of a prolonged downturn in the stock markets? The current lunar red period will probably give us good clues going forward. Let’s take a look at the S&P 500 chart (click for larger image):… Continue reading QE is like free beer
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Key reversal levels for week of June 16, 2013
Here are our key reversal levels for next week. Notice how the key levels have changed from last week. They typically go up (or down) with the market. Status Key (W) Mode Key (D) Nasdaq BULL S: 3233 DECLINE R: 3456 S&P 500 BULL S: 1534 DECLINE R: 1644 Nikkei BULL S: 11891 DECLINE R:… Continue reading Key reversal levels for week of June 16, 2013
Nikkei panic
Got some questions on the Nikkei crash, so I will give my technical charts and my updated key levels, including those for Nikkei and for long term treasury bonds (TLT). The Nikkei crash started a few weeks ago, and now seems to be spilling over in other markets. The Japanese market is down over 20%… Continue reading Nikkei panic
Will it continue?
Markets bounced back from predictable support levels, as we mentioned last week. With a couple more lunar green period days to go, we are likely to see some additional upside early in the week, but the question remains if we will get any further than that. Let’s have a look at the Nasdaq chart (click… Continue reading Will it continue?
Key levels for next week
As a follow up to the key levels we posted a few days ago, here they are going into the next week. Notice how the Nasdaq has closed above its daily key level yesterday and is now in rally mode again. The S&P 500 closed just a few points below its daily key level and… Continue reading Key levels for next week
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