Markets have stayed nervous, and for good reason. The weekend developments in Greece are causing big moves in world markets today. Will this push the US markets out of the sideways range they have occupied for months? Maybe. Let’s have a look at the situation in the Nasdaq (click image to enlarge it): The market… Continue reading LT wave for July
Category: Financial Astrology
Buy Athens
The Nasdaq reached new all time highs last week, the S&P 500 and the Dow didn’t. Meanwhile all eyes are on Greece and on how its standoff with the EU gets resolved. More on that at the end of this post. Let’s have a look at the S&P chart first (click image to enlarge it):… Continue reading Buy Athens
Going nowhere
Another sideways week in US markets and still no clarity about when another major move will start. Looking at the Nasdaq chart we just see a coiling market (click for larger image): Technical indicators are all close to neutral, giving us no clear indications. Perhaps investors are waiting for the outcome of Greek negotiations or… Continue reading Going nowhere
Close to the breaking point
Stocks declined last week, and the lunar red period ended with a 23 point loss. The lunar cycle has been working like a Swiss clock so far this year. All green periods have been profitable with a total gain of 562 points on Nasdaq, and all red periods have generated declines for a total loss… Continue reading Close to the breaking point
LT wave for June
US markets keep going sideways. Since early April the S&P 500 has been hovering within a narrow 70 point range, or a little over 3%. That is very unusual. The Nasdaq is still hesitating just below its all time record highs. Here is the current chart (click image to enlarge it): We are in a… Continue reading LT wave for June
LunaticTrader Blog 