-
This is an update on the chart we first posted in our Outlook July 26 Markets have gone on to play around trend lines that converge into late September-early October. Here is the current version for Nasdaq (click for larger image): Notice how the current rally that started in late August is climbing up a
-
We did get some additonal gains, as forecast last week, and closed out the Green Period with a 89 point gain for the Nasdaq. Not bad. Going forward we are moving into Red Period now, which means more caution is needed here. I guess we could still see the market head into the overhead resistance
-
Stocks rose sharply last week and with another week of Green Period to go, we can look forward to additional gains this week. The chart situation is worthy of a closer look (S&P 500 Index, click for larger image): The market found support near the 1040 level at the end of the previous Red Period.
-
More downside pressure was evident in the stock market last week, but a nice rebound already started in the final hours of trading on Friday. The July lows were not broken to the downside, so we have to consider that we may be in an ongoing up trend for the moment. With a Green Period
-
Stocks traded largely flat last week. With another week of Red Period coming up we may still get a retest of the early July lows. But as days pass by we will have to start positioning ourselves for the next Green Period. It appears to me the July lows will hold, and we will be
-
Stock markets turned down quite sharply, as we had indicated last week. The uptrend was broken on the day of Lunar distance extreme (perigee) The S&P500 index has dropped to 1080 already. This means we have seen a very weak Green Period (down 62 points on the Nasdaq) come on the heels of a flat
-
Markets advanced last week, but the move seems to be staling around 2300 on the Nasdaq, 1130 on the S&P500. With a few Green Period days left this week we could try the upside again. But I would use any up day to take profits on long positions and get ready for the next Red
-
Some readers have been writing me, asking why the market is not going down with the current ‘cardinal climax’, a number of oppositions and squares between several planets in the sky. Here is a recent interview with our colleague Arch Crawford, where you can read more on that topic. While we do not use aspects
-
The market gave back some of its recent gains, but we still ended flat on the Nasdaq for the Red Period that just ended. This means the market shows strength, at least for the time being, and we should now look for a further move upwards in the current Green Period. Already we see a
-
While downward pressure on stocks was evident in the beginning of the week, we didn’t get real follow up on the previous Friday’s drop, and the market recovered nicely towards the end of the week. This means that for the first time since last April we are seeing signs of strength in the market. Of
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
LunaticTrader Blog 