It seems like every other site or blog is cranking out an article about bitcoins those days, so let’s do one too. Let me start by telling that I have always been a fan of internet currencies and 15 years ago I was among the first one thousand people to open an account with the… Continue reading What will replace bitcoin?
Category: Market Commentary
Monthly key reversal levels
The start of a new month is always a good opportunity to take a look at longer term charts and indicators. While monthly charts do not give new signals very often, they can be very significant because monthly trends often continue for years. The key reversal levels I have been sharing on a weekly basis… Continue reading Monthly key reversal levels
Watch out for a December dip
Last week we looked at the potential for a further rise in December. Markets have indeed pushed higher and the Nasdaq is now comfortably above 4000, but my indicators are starting to ooze warning signs for the S&P 500. Here is the current chart (click for larger image): The S&P has been grinding up to… Continue reading Watch out for a December dip
Key reversal levels for week of December 2, 2013
Here is our key reversal levels table for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,059.88 3,714.71 8.31 47 31.42 S&P 500 1,805.81 1,702.00 8.29 52 27.50 Nikkei 15,661.87 13,828.43 3.94 53 65.45 FTSE 100 6,650.60 6,504.67 3.46 20 1.62 DAX 9,405.29 8,714.19 8.32 20 14.17 Bonds (TLT) 104.45… Continue reading Key reversal levels for week of December 2, 2013
One way year
Stocks are climbing again after yet another brief pullback. After a one way year like this it is quite normal to see major indexes end the year at or near their highs. So, I wouldn’t look for much downside action in December, unless some major disaster strikes. How high could we go in the last… Continue reading One way year
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