The S&P 500 reached new record highs last week, the Nasdaq is coming very close to a new all time highs as well. Some consolidation after the recent rally is normal, and we are in a new lunar red period. A further rise in June is likely if the market doesn’t give back too much… Continue reading Inching up
Category: Financial Astrology
The start of a big move
Stocks have continued to push higher and are close to new record highs once again. We remain in a lunar green period until later this week, so chances are we will climb to new highs in several major market indexes. Let’s have a look at the Nasdaq chart (click image to enlarge it): The Nasdaq… Continue reading The start of a big move
The lunar cycle is working too well
The Nasdaq recorded a 68 point loss in the recent lunar red period. This keeps up the perfect record for the lunar cycle in 2015 so far: In fact, since April last year there has been only one green period in which the Nasdaq went down, an 80 point loss in September 2014. In the… Continue reading The lunar cycle is working too well
Breakout imminent
Stocks weakened last week, but the Nasdaq remains in the rising wedge pattern that started last year. It is still not clear which way the eventual breakout move will go. Here is the current Nasdaq chart (click image to enlarge it): Thursday’s drop threatened a breakout to the downside, but Friday’s recovery shows the Nasdaq… Continue reading Breakout imminent
Refusing the downside
The S&P 500 has edged out new highs. The Nasdaq shows a but more vigor. The Dow is lagging. Is this the end of the sideways period that started in November? Or just a false breakout that pulls in the last buyers? It is hard to tell. Let’s have a look at the S&P (click… Continue reading Refusing the downside
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