Here is our LT wave chart for next month (click for larger image): Last month the LT wave didn’t work. The S&P 500 actually bottomed on October 9th and then rose to new record highs, exactly the opposite of what the chart projected. For November we see a slightly positive bias until the 14th followed… Continue reading LT wave chart for November
Category: Market Commentary
How high?
Markets are building on their recent breakout to new highs. The most recent lunar red period ended with big gains for the major stock indexes, and now we are in an eclipse green period. Historically stocks have done very well in eclipse green periods. That doesn’t mean further gains are guaranteed, but we definitely shouldn’t… Continue reading How high?
Key reversal levels for week of October 27, 2013
Here the new weekly key reversal table: Weekly Current BB Key (W) MoM (W) Weeks % Ch. Nasdaq 3,943.36 3,587.81 7.61 42 27.65 S&P 500 1,759.77 1,644.33 4.64 47 24.25 Nikkei 14,088.19 13,294.53 2.39 48 48.83 FTSE 100 6,721.30 6,394.52 1.18 15 2.70 DAX 8,985.74 8,369.11 5.96 15 9.08 Bonds (TLT) 108.29 109.17 -1.13 23… Continue reading Key reversal levels for week of October 27, 2013
Key reversal levels for stocks
Just a test post showing key reversal levels for individual stocks. Today’s key reversal levels for the 65 Dow Composite stocks: Daily Current Mode (D) Key (D) MoM (D) Days % Ch. AEP 46.72 44.04 6.61 10 6.01 AES 14.07 13.62 6.98 10 3.76 ALK 69.68 63.37 6.64 8 9.59 AXP 80.90 76.21 10.00 9… Continue reading Key reversal levels for stocks
Up it is
Markets were off to the races last week, with several indexes jumping to new high territory. We expected a bit more downside action, based on our lunar phases and the technical picture, but that couldn’t have been more wrong. This suggests the path of least resistance remains to the upside. So where do we go… Continue reading Up it is
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