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Comments on the key levels for this week : * Nice drops in the Nasdaq and S&P 500 this week. This is the correction we have been warning for since the middle of March. US markets are now testing their weekly key reversal levels. Next week we will probably know if the Nasdaq and S&P…
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Remember the “green shoots” that government officials like to talk about whenever the economy is weak and elections are near? They never talk about “brown leaves”. But markets are more honest, they show us brown leaves as well as green shoots in a candlestick chart. This week we have what I call a “brown leaves”…
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Comments on the key levels for this week : * It was an interesting first week of April. One reader was puzzled and asking how our system can be bullish for the S&P 500 and bearish for Nasdaq. But here we are a few weeks later and the Nasdaq is already more than 5% below…
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The S&P 500 and number of other indexes made new all time highs yesterday, but the Nasdaq is still lagging. I think we have come to a very interesting point in the market for a number of reasons: * an ecplise red period is starting today, which increases the risk for a downturn in the…
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Here are our monthly key reversal levels going into April 2014. Remember, these monthly key reversal are only for long term market orientation. Try to invest mainly in the stronger markets (dark green) and take (partial) profits in markets that go to light green. Speculative buying can be done in the markets that switch from…
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Markets continue to act rather weak, despite being in a lunar green period. Especially the Nasdaq, which is now well below its recent peaks already. We have a few more days of lunar green period to go, but later this week we will start an eclipse red period. The red periods preceding a solar eclipse…
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Comments for this week (the key reversal tables are below) : * The Nasdaq has continued its recent weakness and went into declining mode when it closed below its daily key reversal level last Monday. The S&P 500 and the Dow Jones have been stronger and have not dropped below any key levels yet. *…
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There are two types of people. Some people constantly change their theories and beliefs to make them fit reality better, while others try to change reality to make it fit their rather fixed theories and beliefs. In his book The Signal and the Noise: Why So Many Predictions Fail but Some Don’t, Nate Silver describes…
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Comments for this week (the key reversal tables are below) : * Weekly momentum (MoM) is turning down again for the Nasdaq. May have peaked for a while. This is an important signal as the Nasdaq has been one of the strongest markets in the recent months. Wait and see whether MoM can pick up…
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Latest daily key reversal levels: (Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | %Ch.: blue = profit, orange = loss | for more details about these key…
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LunaticTrader Blog 