US stock markets are coiling just below their recent record highs. We still don’t see a decisive move (up or down), but as I pointed out in my weekly outlook, only 14 Dow Industrials components remain in bullish mode and that is a serious warning sign. Let’s have a look at the S&P 500 chart… Continue reading LT wave for February
Category: Financial Astrology
Ready for new highs
Markets climbed nicely last week, ending the lunar green period with a 22 point gain on the Nasdaq. Nevertheless, it is an hesitant start to the year and it will be interesting to see how it continues in the next weeks. Let’s have a look at the Nasdaq chart (click image to enlarge it): We… Continue reading Ready for new highs
Waiting for direction
Stock are retesting their recent lows. The market has been going sideways since November and will probably chose a direction soon, up or down. As time passes by and my indicators line up in bottom territory the odds increase that the next move will be to the upside again. Let’s have a look at the… Continue reading Waiting for direction
Time for a rally
Stocks made some wild moves to start the year. The first lunar red period of the year has ended with a 37 point loss for the Nasdaq. If the cycles stay on track then we are now due for a rally. Let’s have a look at the Nasdaq chart (click image to enlarge it): The… Continue reading Time for a rally
Why is the stock market so depressed?
Why is the market so depressed? That may sound like a funny question, because more than a few observers want us to believe that stock investors are becoming euphoric after 5 years of ongoing bull market. But is that so? Where are the signs of retail investors becoming euphoric? Or is it conjecture based on… Continue reading Why is the stock market so depressed?
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