A quick mid week update. Stock markets have pushed higher and are in rally mode again. The Nasdaq is testing its first upside target at 3730 already. If it can push through convincingly, then the recent correction will be over. That would mean the correction has been very shallow and would suggest much higher stock… Continue reading A crucial point for the Nasdaq
Category: Market Commentary
S&P 500: downside risk remains
We seem to be going through a rather mild correction in US stock markets. In other international markets the declines have been more significant. As we said a few months ago, the second half of the year will be more difficult to navigate, and that continues to be the case. Is the correction (almost) over?… Continue reading S&P 500: downside risk remains
Key reversal levels for week of September 9, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3660 BULL S: 3426 6.07 (6.69) RALLY * S: 3607 0.60 (-0.26) S&P 500 1655 BULL S: 1598 2.78 (3.79) DECLINE R: 1665 -2.34 (-3.58) Nikkei 13861 BULL S: 12718 0.90 (1.33) RALLY * S:… Continue reading Key reversal levels for week of September 9, 2013
A September to buy
Only a quick post for today. Weakness in stock markets around the world has continued. So, it looks like we are getting a weak lunar green period indeed. Let’s have a look at the Nasdaq chart (click for larger image): The Nasdaq has held up better than most other market indices. The 3575 level has… Continue reading A September to buy
Key reversal levels for week of September 2, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3590 BULL S: 3410 6.69 (7.47) DECLINE * R: 3635 -1.62 (-1.39) S&P 500 1633 BULL S: 1595 3.79 (4.96) DECLINE R: 1667.20 -5.82 (-5.72) Nikkei 13389 BULL S: 12634 1.33 (2.12) DECLINE R: 13844… Continue reading Key reversal levels for week of September 2, 2013
LunaticTrader Blog 