Comments for this week : * Continuing bull markets in all major indexes. If the FTSE100 rises a little bit next week we will have a fully bullish picture for stocks again. When and where will it end? Nobody knows. Keeping an eye on the key reversal levels and MoM indicators will tell us when… Continue reading Key reversal levels for week of June 23, 2014
Category: Market Commentary
Is the bull exhausted?
The S&P 500 fell back towards 1920, as we had indicated last week, with other markets also pulling back from recent highs. Still, the Nasdaq closed out the recent lunar red period with a healthy 68 point gain, suggesting ongoing strength in the market. The Nasdaq is one of the indexes that has not exceeded… Continue reading Is the bull exhausted?
Key reversal levels for week of June 16, 2014
Comments for this week : * Stock markets are hesitating after the recent series of new highs. On the weekly level the bull markets are intact, but in the daily key reversal levels we now see all major indexes with downward MoM, and the FTSE100 has fallen into bearish mode. This can be considered a… Continue reading Key reversal levels for week of June 16, 2014
Is the breakout for real?
Stocks have pushed to new highs in rather convincing fashion. Is this a real breakout, or a just blow-off top? Here is the current chart for the S&P 500 (click for larger image): Our lunar red period has not stopped the recent rally and the S&P 500 chart is showing a clear breakout from the… Continue reading Is the breakout for real?
Key reversal levels for week of June 9, 2014
Comments for this week : * Another strong week for stocks and the Nikkei has finally joined the other markets by turning bullish on the weekly level. All major indexes remain with upside weekly MoM. * In the daily key levels most markets are still going strong as well. The DAX and the FTSE100 are… Continue reading Key reversal levels for week of June 9, 2014
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