Markets climbed to new all time highs last week and the Dow finally got above the 20k level for the first time. But stocks appear to be pulling back from those new highs and that means we have to consider scenario two I described in my recent Dow 20k post. A sharper pullback could be… Continue reading LT wave for February
Category: Financial Astrology
Indecision continues
Not much has changed since we looked at the S&P 500 a few weeks ago. The market continues to chop around in a narrow sideways range and the Dow still hasn’t made it above the 20k barrier: The bearish divergence in my Earl indicator continues to be in place and the slower Earl2 continues to… Continue reading Indecision continues
Hesitating to go higher
The S&P 500 keeps going sideways while the Nasdaq is setting a string of new all time highs. The market is probably trying to make up its mind here, burst higher or start a correction? The first lunar red period of the year ended with a 191 point gain for the Nasdaq, see Performance. The… Continue reading Hesitating to go higher
Why Dow 20k matters
Stocks have been trading rather flat in recent weeks, and several attempts for the Dow to get above the 20k milestone have come up short. More on that later in this article. First, let’s have a look at the current situation in the S&P 500: A few weeks ago we observed how stocks needed to… Continue reading Why Dow 20k matters
LT wave for January
Stocks had rather flat end of year trading with some weakness surfacing in the final days of December. The lunar green period produced a 54 point loss in the Nasdaq, a fitting close to a year which has been difficult for lunar cycle trading. More on possible reasons for this bad year and when “normal”… Continue reading LT wave for January
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