Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3808 BULL S: 3522.70 6.85 (6.57) RALLY S: 3732.4 3.79 (3.98) S&P 500 1690.5 BULL S: 1623.60 2.77 (2.71) RALLY S: 1678.14 -1.01 (-0.61) Nikkei 14024 BULL S: 13071 2.67 (2.44) DECLINE * R: 14420… Continue reading Key reversal levels for week of October 7, 2013
Category: Market Commentary
A time to push higher
Stock markets are consolidating recent gains and remain near their highs for the year. With another week of lunar green period to go, this is the time to push higher if the market is inclined to do so. The situation is quite clear on the Nasdaq chart (click for larger image): The market has come… Continue reading A time to push higher
Key reversal levels for week of September 30, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3782 BULL S: 3499.80 6.57 (6.13) RALLY S: 3717 5.17 (5.69) S&P 500 1692 BULL S: 1618.60 2.71 (2.50) RALLY S: 1678.50 3.4 (4.86) Nikkei 14760 BULL S: 13012 2.44 (1.64) RALLY S: 14206 5.21… Continue reading Key reversal levels for week of September 30, 2013
LT wave chart for October
We are nearing the end of the month, so today I am sharing the LT wave for October (click for larger image): Last month the LT wave performed so-so. The S&P 500 did show the expected strength early in September, but it carried on until a new high on the 18th, a few days later… Continue reading LT wave chart for October
Continued strength
Markets have continued to march higher and we just finished an exceptionally strong lunar red period, which saw the Nasdaq gain 115 points. This is a sign of strength and generally points to even higher stock prices in the months ahead. Taking a look at the chart for S&P 500 (click for larger image): The… Continue reading Continued strength
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