The Nasdaq reached new all time highs last week, the S&P 500 and the Dow didn’t. Meanwhile all eyes are on Greece and on how its standoff with the EU gets resolved. More on that at the end of this post. Let’s have a look at the S&P chart first (click image to enlarge it):… Continue reading Buy Athens
Category: Market Commentary
Outlook for Week of June 22, 2015
Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode. If you are looking for the free weekly reversal levels for over 1500 stocks and ETF, they are now available at http://www.ReversalLevels.com every weekend. For shorter term trading and more optimal entries you… Continue reading Outlook for Week of June 22, 2015
Going nowhere
Another sideways week in US markets and still no clarity about when another major move will start. Looking at the Nasdaq chart we just see a coiling market (click for larger image): Technical indicators are all close to neutral, giving us no clear indications. Perhaps investors are waiting for the outcome of Greek negotiations or… Continue reading Going nowhere
Outlook for Week of June 15, 2015
Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode. If you are looking for the free weekly reversal levels for over 1500 stocks and ETF, they are now available at http://www.ReversalLevels.com every weekend. If you have any trouble to see the presentation… Continue reading Outlook for Week of June 15, 2015
Close to the breaking point
Stocks declined last week, and the lunar red period ended with a 23 point loss. The lunar cycle has been working like a Swiss clock so far this year. All green periods have been profitable with a total gain of 562 points on Nasdaq, and all red periods have generated declines for a total loss… Continue reading Close to the breaking point
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