A few weeks ago, when we last covered the S&P 500, I warned that the market was likely to give us a few good down days in the last week of May, with a target of 1600-1625, and then another rally. See: When everybody expects the same thing… We got the down days and the… Continue reading The next rally
Category: Financial Astrology
Grinding up
Just back from Greece, so only a quick note today. I will post some extra updates later this week. We got some swift move downwards last week, especially in the Nikkei index. But our lunar red period is now ending, which opens the door for another rally. This is the current chart for the Nasdaq… Continue reading Grinding up
When everybody expects the same thing…
…, then something else has to happen. Many investors were waiting for an overdue correction in May. Media outlets were reminding us to “Sell in May..”, since that had worked so well in each of the past three years. And what did we get? A melt-up. And now that bears have thrown in the towel,… Continue reading When everybody expects the same thing…
Is it a lemming market?
Markets have added to gains, and it is now clear that we enjoyed a very strong eclipse green period. We will be entering a new lunar red period this week, so this could be an important juncture. Here is the current chart of the Nasdaq composite index (click for larger image): The breakout to the… Continue reading Is it a lemming market?
Further upside
Markets continued to march higher last week, and we now have clear breakouts to the upside in place. Such a strong performance is not unusual in eclipse green periods, as we explained a few weeks ago. We have another week of green period to go, so further gains are in the cards, but I think… Continue reading Further upside
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