Comments on the key levels for this week : * It was an interesting first week of April. One reader was puzzled and asking how our system can be bullish for the S&P 500 and bearish for Nasdaq. But here we are a few weeks later and the Nasdaq is already more than 5% below… Continue reading Key reversal levels for week of April 7, 2014
Category: Market Commentary
Midweek comments
The S&P 500 and number of other indexes made new all time highs yesterday, but the Nasdaq is still lagging. I think we have come to a very interesting point in the market for a number of reasons: * an ecplise red period is starting today, which increases the risk for a downturn in the… Continue reading Midweek comments
Monthly key levels for April 2014
Here are our monthly key reversal levels going into April 2014. Remember, these monthly key reversal are only for long term market orientation. Try to invest mainly in the stronger markets (dark green) and take (partial) profits in markets that go to light green. Speculative buying can be done in the markets that switch from… Continue reading Monthly key levels for April 2014
LT wave for April
Markets continue to act rather weak, despite being in a lunar green period. Especially the Nasdaq, which is now well below its recent peaks already. We have a few more days of lunar green period to go, but later this week we will start an eclipse red period. The red periods preceding a solar eclipse… Continue reading LT wave for April
Key reversal levels for week of March 31, 2014
Comments for this week (the key reversal tables are below) : * The Nasdaq has continued its recent weakness and went into declining mode when it closed below its daily key reversal level last Monday. The S&P 500 and the Dow Jones have been stronger and have not dropped below any key levels yet. *… Continue reading Key reversal levels for week of March 31, 2014
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