After a volatile week the S&P 500 is once again testing the 2000 level, a major breaking point. Is the market just bending, or is it about to break down? This is always a difficult question. Markets tends to follow the path of max confusion, shaking out as many passengers as possible before making a… Continue reading The path of max confusion
Category: Financial Astrology
Getting ready to buy with both hands
Couldn’t post yesterday, so I am a bit later than usual. The lunar green period just ended with a 176 points loss for Nasdaq. The last four lunar periods have gone against the normal tendency. Some people call that a “cycle inversion”, I think that’s just a beautiful name for “didn’t work”. Lunar cycle traders… Continue reading Getting ready to buy with both hands
Waiting for a breakout
A few weeks ago I called for the S&P 500 to go sideways in the 2000-2100 range for several weeks. That’s what we are getting, but how much longer can it continue? Not very long I think. Let’s have a look at the chart (click image to enlarge it): The S&P is back within a… Continue reading Waiting for a breakout
LT wave for December
US stocks barely moved last week. I had suggested a sideways period is starting and that’s what we are seeing. How much longer will it continue? Let’s have a look at the Nasdaq chart (click image to enlarge it): The market is hesitating just below the overhead resistance of this summer’s all time highs. The… Continue reading LT wave for December
What happened with Dow 32000?
Today we revisit the Dow 32000 scenario that I have updated from time to time since the summer of 2013. The Dow has not kept up with the 1920s in recent months, but the Fed has also not started raising rates yet. What will happen when they do? More on that below, first we take… Continue reading What happened with Dow 32000?
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