Comments on the key levels for this week : * The Nasdaq and the Nikkei tested their Bottom1 targets last week and bounced back strongly. For the Nikkei we now see weekly MoM turn up, the first major index to do so. This is a tentative sign that the recent “correction” may be over already.… Continue reading Key reversal levels for week of April 21, 2014
Category: Market Commentary
Midweek comments
Some interesting developments in my daily key reversal levels. * Daily momentum (MoM) remains down for all major stock indexes, but if markets do not drop today then MoM will probably turn up for several markets. That would set us up for a rally. * Gold broke above its daily key reversal level on Monday… Continue reading Midweek comments
Stocks will crash, buy gold?
US stock markets have started to slide. It’s not that we have not been warning in recent weeks, as all my indicators have been pointing down. I could actually repost my March 24 outlook and be done for this week. But that would not be interesting and I have some new charts and information, so… Continue reading Stocks will crash, buy gold?
Key reversal levels for week of April 14, 2014
Comments on the key levels for this week : * Nice drops in the Nasdaq and S&P 500 this week. This is the correction we have been warning for since the middle of March. US markets are now testing their weekly key reversal levels. Next week we will probably know if the Nasdaq and S&P… Continue reading Key reversal levels for week of April 14, 2014
Brown leaves in the Nasdaq
Remember the “green shoots” that government officials like to talk about whenever the economy is weak and elections are near? They never talk about “brown leaves”. But markets are more honest, they show us brown leaves as well as green shoots in a candlestick chart. This week we have what I call a “brown leaves”… Continue reading Brown leaves in the Nasdaq
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