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Investors are wondering why the US stock markets keep going up, no matter which news hits the wire. Every sell-off seems to be bought, and traders who tried to bet against this market are probably getting very frustrated by now. I think this market will not go down before the Dow Jones Industrials has crested…
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Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3314 Up RALLY S: 3533 Down S&P 500 BULL S: 1571 Up RALLY S: 1662.30 Down Nikkei BULL S: 12533 Up RALLY S: 14043 Down FTSE 100 BULL S: 6267 Up RALLY S: 6487…
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A brief follow up on yesterday’s post. The trailing stops for Nasdaq and crude oil were both taken out yesterday, and their daily momentum continues to be down. The daily momentum for S&P 500 index also turned down yesterday, so that means we can now use a trailing stop just below yesterday’s low for that…
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As I described in my weekend post covering our key reversal levels, I like to use a trailing stop when daily momentum turns down after a sizable move in the market. When a market has a fully bullish picture ( status = bull , weekly mom = up , mode = rally , daily mom…
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Markets have kept up very well, despite being in a lunar red period. This increases the odds that we are going towards August highs for the US markets, but we have to see how we finish the red period later this week. Let’s have a look at the Nasdaq chart (click for larger image): The…
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Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3294 Up RALLY S: 3502 Down * S&P 500 BULL S: 1563 Up RALLY S: 1647.50 Up Nikkei BULL S: 12450 Up RALLY S: 13885 Down * FTSE 100 BULL S: 6249 Up RALLY…
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Yesterday the Euro/US$ closed above its daily key reversal level and is now officially in rally mode. It still needs a weekly close above 1.3188 to get into bullish status again. The Euro could be pointing the way forward for several other markets as well. E.g. gold has been moving up and down with the…
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Whenever your system of investing becomes popular, it is better to shift to some unpopular method. That was the advice of John Templeton. We saw a classic example last April, when most financial media and blogs were pushing the “Sell in May” mantra. Selling in May had worked very well for the last three years,…
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Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3271 Up * RALLY S: 3444 Up S&P 500 BULL S: 1554 Up * RALLY S: 1626 Up Nikkei BULL S: 12324 Up * RALLY S: 13694 Up FTSE 100 BULL S: 6227 Up…
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I am getting frequent questions about the Earl and Earl2 indicators you can find in most charts on this blog. So, I have now put up a new permanent page on the blog, explaining them in more detail. You can always find it through the links on the left side , see “Pages”. Or just…
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LunaticTrader Blog 