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Our key tables and comments for this week, now in slideshow format (click on “Slideshare” if you want to watch in fullscreen, or save and print it). If you have any trouble to see the presentation below, then you can also click here. Good luck, Danny
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US markets tried to rally last week, but didn’t succeed to print new highs, with the exception of the Dow Industrials. The market appears heavy, but hasn’t really broken down yet, so a further grind to marginally higher highs is still possible. Let’s have a look at the S&P 500 (click for larger image): The…
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Our key tables and comments for this week, now in slideshow format (click on expand button to see in fullscreen). If you have any trouble to see the presentation below, then you can also watch it directly on slideshare. Stay tuned, Danny
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US markets dipped last week, but recovered some ground already on Friday. Our LT wave chart for July indicated a bottom for the 11th, looks like it missed by a day. We are about to enter another lunar green period. Can this market climb to new highs once again? Let’s have a look at the…
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Our key tables and comments for this week : * The FTSE100 index has gone into fully bearish mode, the first major market to do so. The DAX is weak as well, but still holding above its weekly key reversal level. Both are testing their Bottom1 targets already. The US markets have been stronger and…
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Stock markets seem unstoppable. The Dow has broken above 17000 and the S&P 500 is closing in on the 2000 level, completely in line with the S&P scenario we posted two weeks ago. The market setup is now a carbon copy of the one we had in late December (click for larger image): Overhead resistance…
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Comments for this week : * US markets have continued to push higher, while the UK and Germany are more cautious and continue to sit near major resistance levels. Weekly key levels remain bullish for stocks. * In the daily key levels all major stock indexes have followed the lead of the Nasdaq and are…
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Last month’s LT wave chart suggested weakness in stock markets. That didn’t pan out for the US indexes, but still the wave got most of the short term swings correct. I have embedded a S&P 500 chart for June, making it easier to see (click for larger image): The blue line did a fairly good…
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Average wages are stagnant in the developed countries. Which also means that consumer spending is stagnant, because in the longer term people can spend only as much as they make. So, the economy stays weak. What is the solution? Central banks are trying to create more inflation, as if that will somehow wake the developed…
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Comments for this week : * We have updated our page explaining the key reversal levels with a lot of new info and details for the different strategy numbers as found in the last column of the daily key tables. This should make it easier to understand and follow this approach. I hope to add…
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LunaticTrader Blog 