Blog

  • 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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  • LT wave for June

    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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  • Quick update

    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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  • Comments for this week : * In the weekly key reversal levels for major stock indexes we have momentum (MoM) turning up for the Nasdaq and Nikkei. This means all major markets are trying to push higher again. * On the daily level markets have turned to bullish mode as well. It is always hard

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  • The biotech boom

    US stock markets continue to hesitate while we enter the seasonally weaker part of the year. Small cap stocks have taken a beating, but major market indexes are still close to all time highs. Emerging markets have started to outperform. Does this look like the start of a global bear market to you? Fear is

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  • Comments on the key levels for this week : * No changes in our weekly key reversal levels for major stock indexes. * On the daily level we have some flip-flopping going on. Nasdaq and S&P 500 have joined the Nikkei by going into bearish mode with downward momentum (MoM). The DAX and FTSE100 remain

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  • Even a broken clock is right twice a day. It is a classic saying, but it is only partially true. In my birth region there was a pub with a broken clock that was right four times a day. It just moved backwards! I suppose it was designed as a practical joke, and more importantly,

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  • Comments on the key levels for this week : * Little change in our weekly key levels for major stock indexes. For Nikkei we have MoM turning down, which indicates a continuation of bearish mode, now in its 8th week. * On the daily level the Nasdaq and Nikkei remain in bearish mode, while the

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  • Summer weakness

    Markets have stretched themselves into new highs. The Nasdaq is the main laggard. So far the “correction” has been limited to a few overvalued sectors and appears over already. But that doesn’t necessarily set us up for another big swing to the upside. I think we will have a choppy sideways market for several more

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