-
The market correction has come right on the mark with the eclipse Red period we discussed last week. It also confirms that our LT Wave remains on track. We have another week of Red period to go. Can we expect more downside already? Here is the current chart for the S&P 500 (click for larger…
-
This is an update to the long term outlook we presented in February. We pointed out that the 3200-3300 level on the Nasdaq was going to be a tough resistance zone. And indeed, the market has now spent several months trying to overcome that level, and failing so far, with the Nasdaq currently sitting at…
-
This is an update to the long term gold chart we posted in February. The large drop of the recent weeks is giving us more clarity going forward. Here is my first chart (click for larger image): This is a monthly chart. Even with the recent drop, this market is still in a clear long…
-
We are entering the first eclipse season of the year, so today I will share some research before we present our current interpretation of the market. Upcoming lunar and solar eclipses are known in advance and sometimes announced in the news. And on astrology related sites you will usually find forecasts about the impending disasters…
-
In mid February I posted an experimental chart, which I called the LT Wave. It showed expected ups and downs in the market until the end of March. How has it panned out? Well, not so bad as can be seen in this comparison with the S&P 500 (click for larger image): As I pointed out,…
-
The Nasdaq briefly touched a new high for the year last week, but then sold off and fell through important support levels. The S&P 500 and the Dow Jones Industrials are showing a bit stronger, and are still within their up trends that started last November. What to make of this? Here is the current…
-
It is well known that moods, fear and greed drive the markets. So a number of “sentiment” indicators have been developed over the years, in an attempt to measure the mood of the market. There are indices like the VIX, which try to measure fear or greed on the basis of option premiums. Other sentiment…
-
Markets did not break down in the second week of our lunar Red period, and even recorded new highs. This is a sign of ongoing strength. What does that mean going forward? Let’s have a look at the chart for the Nasdaq (click for larger image): The market has closed right near the overhead resistance.…
-
The market has clearly entered a consolidation phase. We did get several down days, but buyers emerged quickly and bid prices back up, which has resulted in a sideways move. With another week of lunar Red period to go we should remain cautious, but also start looking ahead to the upcoming lunar Green period. Here…
-
Markets continued to march higher last week, but turned down on Friday, which was the first day of our lunar Red period. It looks like there will be more selling today, as stock markets around the world react nervously to the news of the proposed bailout terms in Cyprus. That story sets a precedent and…
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
LunaticTrader Blog 