Stocks turned down again last week, nicely in line with the LT wave chart for February. The reversal levels stay “double red” for most world markets, and the general mood is becoming really depressed. The Nasdaq chart shows that we are reaching a critical point: The Earl2 indicator (orange line) keeps pointing up. But the… Continue reading Market on the edge
Category: Financial Astrology
LT wave for February
Stocks have continued their rebound and suddenly it looks as if the world is not falling apart after all. Last week we have warned that the bottom may be in and so far that call doesn’t look bad. We are in a new lunar green period again, and in the previous period the lunar cycle… Continue reading LT wave for February
Why last week’s drop didn’t change anything
Stock markets went into a steep slide last week, producing one of the worst starts to a new year ever. I wrote last week that the shorter term indications tend to pan out first, and that’s what we are getting. This gives us a new situation in the Nasdaq chart (click image to enlarge it):… Continue reading Why last week’s drop didn’t change anything
Watching bonds for a big move
Stocks had a weak santa rally and the S&P 500 ended the yearly nearly unchanged. The S&P remains confined to the 2000-2100 range and the next major event is going to be when stocks break away from that range, up or down. Let’s have a look at the chart (click image to enlarge it): The… Continue reading Watching bonds for a big move
LT wave for January
The last trading days of the year are showing a light upward bias, as they typically do. It is usually hard to read something in days with very light trading, so we will probably have to wait for next week to see where stocks are going next. Let’s have a look at the Nasdaq chart… Continue reading LT wave for January
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