Not much time to write as I am on holiday, so only a quick update this week. Here is the current chart for S&P500 index (click for larger image): My technical indicators remain as flat as they can be. So this is a market that can go either way in the coming weeks. We have… Continue reading Quick update
Category: Financial Astrology
The biotech boom
US stock markets continue to hesitate while we enter the seasonally weaker part of the year. Small cap stocks have taken a beating, but major market indexes are still close to all time highs. Emerging markets have started to outperform. Does this look like the start of a global bear market to you? Fear is… Continue reading The biotech boom
On broken clocks and social networks
Even a broken clock is right twice a day. It is a classic saying, but it is only partially true. In my birth region there was a pub with a broken clock that was right four times a day. It just moved backwards! I suppose it was designed as a practical joke, and more importantly,… Continue reading On broken clocks and social networks
Key reversal levels for week of May 12, 2014
Comments on the key levels for this week : * Little change in our weekly key levels for major stock indexes. For Nikkei we have MoM turning down, which indicates a continuation of bearish mode, now in its 8th week. * On the daily level the Nasdaq and Nikkei remain in bearish mode, while the… Continue reading Key reversal levels for week of May 12, 2014
Summer weakness
Markets have stretched themselves into new highs. The Nasdaq is the main laggard. So far the “correction” has been limited to a few overvalued sectors and appears over already. But that doesn’t necessarily set us up for another big swing to the upside. I think we will have a choppy sideways market for several more… Continue reading Summer weakness
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