Stocks performed a major turnaround last week and are breaking out to the upside. Chances are good that markets will keep rallying into year’s end. Here is the current Nasdaq chart: The October highs are likely to offer some resistance. But all my indicators have turned up from major lows. And there is further room… Continue reading The next leg up
Category: Financial Astrology
A very clear situation
Stocks have come under increasing pressure and important support levels are slowly giving way. The recent lunar green period ended with a 190 point loss for the Nasdaq, one of the worst green periods this year, and continuing the pattern of lunar cycle inversion we have seen all year. As we have been pointing out… Continue reading A very clear situation
LT wave for November
Stocks came under some pressure last week and the S&P 500 is struggling to stay above the important 2120 support level. As we pointed out last week, price action has been weak and there is nothing going on as long as there is no clear breakout, up or down. We are still in that situation… Continue reading LT wave for November
LT wave for October
An up and down week for S&P 500 ended with little change for the week and the month. Major indexes are once again close to new all time highs. The direction of the next significant swing is still very uncertain. Here is the current S&P 500 chart: A push to record highs looks quite likely,… Continue reading LT wave for October
Looking up again
Last week we wondered whether the market would continue to correct, or gradually turn up again. It now looks we did indeed muddle through the week and stocks are searching for new highs again. We remain in a lunar green period and the technical situation has improved. Here is the Nasdaq chart: The slower Earl2… Continue reading Looking up again
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