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Stock markets have held steady, and several market indices have recorded all time highs. Still, most retail investors and people in the street are nowhere near optimistic about the economy. And that probably means there is more upside action to come. We have to bear in mind that the 2008 crisis and market decline is…
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Markets continue to trade with a positive bias, but it is not a crazy race to the top. We will be entering a lunar Red Period this week, so I am looking for a bit of a pause to start. Let’s have a look at the S&P 500 index (click for larger image): This market…
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Stock markets have started the year strongly, but are hesitating to build on their new year gains. The sunspot number has jumped up to near 200 in recent days (see widget on the right side), which may add to nervousness. But with another week of lunar Green period to go, I am looking for the…
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Hi all, Happy 2013! As you may have noticed, I have taken a little break in the last couple of weeks. The year end period is generally not very interesting as there is very light trading volume anyway. I have used the time to relax, and also did some research which I will share with…
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Markets didn’t move much last week. With another week of lunar Green Period to go, let’s take a look at the situation on the Nasdaq (click for larger image): Things look OK for the moment. My Earl2 indicator is rising nicely, indicating further gains in the coming weeks. I do the think the market will…
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Markets have kept up very nicely and we are now entering a new lunar Green Period. What to look for? The phase inversion that started one month ago, will probably need another cycle to get back to normal. I would remain very careful until normal cycles return. Let’s have a look at the S&P 500…
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Stock markets rebounded nicely last week and have already recovered a good chunk of their recent losses. This means the market is now running completely counter to our normal lunar cycles, something that happens from time to time. Some people have been asking me about this kind of “phase inversions”, and whether I expect this…
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The markets have continued to sell off without any let-up, so our lunar Green Period has ended with a 129 point loss on the Nasdaq. That’s one of the weakest Green periods in a long time. The implication is that the path of least resistance remains down, and we shouldn’t underestimate the possibility of even…
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Markets took a serious turn down last week, and most major indices have now fallen through important support levels. With another week of lunar Green period to go, I think we will see a rebound attempt that takes us back up to these old support levels. Let’s have a look at the Nasdaq (click for…
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Our lunar Red period has just ended and recorded a 90 point decline on the Nasdaq. This is the most bearish Red period so far this year, and confirms that the path of least resistance is down for the moment. Most stock indices sit right on important support levels now, so the question going forward…