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Last week I asked: is the bull exhausted? The answer seems to be a resounding no. The S&P 500 has burst into new highs already, so it looks like its quick pullback to 1925 is all we can get as far as ‘corrections’ go in the current environment. The round number 2000, which would be…
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Comments for this week : * Continuing bull markets in all major indexes. If the FTSE100 rises a little bit next week we will have a fully bullish picture for stocks again. When and where will it end? Nobody knows. Keeping an eye on the key reversal levels and MoM indicators will tell us when…
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The S&P 500 fell back towards 1920, as we had indicated last week, with other markets also pulling back from recent highs. Still, the Nasdaq closed out the recent lunar red period with a healthy 68 point gain, suggesting ongoing strength in the market. The Nasdaq is one of the indexes that has not exceeded…
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Comments for this week : * Stock markets are hesitating after the recent series of new highs. On the weekly level the bull markets are intact, but in the daily key reversal levels we now see all major indexes with downward MoM, and the FTSE100 has fallen into bearish mode. This can be considered a…
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Stocks have pushed to new highs in rather convincing fashion. Is this a real breakout, or a just blow-off top? Here is the current chart for the S&P 500 (click for larger image): Our lunar red period has not stopped the recent rally and the S&P 500 chart is showing a clear breakout from the…
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Comments for this week : * Another strong week for stocks and the Nikkei has finally joined the other markets by turning bullish on the weekly level. All major indexes remain with upside weekly MoM. * In the daily key levels most markets are still going strong as well. The DAX and the FTSE100 are…
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Investing or trading with some degree of success is not an easy task. I asked the question on some social networks: “What do you consider the biggest challenge for an investor?” Some readers took the time to answer: * Jeff Pierce, Zentrader.ca: “Changing with the market. It’s the periods where the market shifts that wreak…
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We just ended a very solid lunar green period with a 152 point gain for the Nasdaq. The S&P 500 reached the 1920 target level we mentioned last week and the Dow Industrials is close to new all time highs again. Can the market break convincingly into new high ground this summer? Let’s have a…
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Comments for this week : * After a strong week in the stock markets we remain with a fully bullish picture and upward weekly MoM for most major indexes. A pullback will start eventually, and stagnating MoM in the daily keys will normally offer us the first clues when the current rally is nearing an…
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Not much time to write as I am on holiday, so only a quick update this week. Here is the current chart for S&P500 index (click for larger image): My technical indicators remain as flat as they can be. So this is a market that can go either way in the coming weeks. We have…
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LunaticTrader Blog 