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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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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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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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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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Comments on the key levels for this week : * Major stock markets have put in a strong week. The FTSE100 has broken above its weekly key reversal level and is now bullish again. This leaves Nikkei as the only major market that is still bearish on the weekly level. Meanwhile weekly MoM is turning…
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Every new month is a good opportunity to check out some monthly charts and key reversal levels. It helps to keep a proper long term perspective. Let’s start with the LT wave chart for May (click for larger image): The LT wave chart for April did a fairly decent job. The month started strong as…
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Stocks started the week on a strong note, only to give back those gains by the end of week. Yet another sign that the peak is in? Or just a pause before we head higher again? Here is the current S&P 500 chart (click for larger image): The S&P has held up much better than…
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Comments on the key levels for this week : * Major stock markets continue to show a rather mixed picture in the weekly key reversal levels. FTSE100 and Nikkei remains mildly bearish with MoM turning upwards, while the Nasdaq , S&P 500 and DAX are mildly bullish with MoM going down. This picture will eventually…
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LunaticTrader Blog 