Markets have kept up very well, despite being in a lunar red period. This increases the odds that we are going towards August highs for the US markets, but we have to see how we finish the red period later this week. Let’s have a look at the Nasdaq chart (click for larger image): The… Continue reading Fear of height
Category: Market Commentary
Key reversal levels for week of July 22, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3294 Up RALLY S: 3502 Down * S&P 500 BULL S: 1563 Up RALLY S: 1647.50 Up Nikkei BULL S: 12450 Up RALLY S: 13885 Down * FTSE 100 BULL S: 6249 Up RALLY… Continue reading Key reversal levels for week of July 22, 2013
Will the Euro point the way?
Yesterday the Euro/US$ closed above its daily key reversal level and is now officially in rally mode. It still needs a weekly close above 1.3188 to get into bullish status again. The Euro could be pointing the way forward for several other markets as well. E.g. gold has been moving up and down with the… Continue reading Will the Euro point the way?
Popular methods
Whenever your system of investing becomes popular, it is better to shift to some unpopular method. That was the advice of John Templeton. We saw a classic example last April, when most financial media and blogs were pushing the “Sell in May” mantra. Selling in May had worked very well for the last three years,… Continue reading Popular methods
Key reversal levels for week of July 15, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3271 Up * RALLY S: 3444 Up S&P 500 BULL S: 1554 Up * RALLY S: 1626 Up Nikkei BULL S: 12324 Up * RALLY S: 13694 Up FTSE 100 BULL S: 6227 Up… Continue reading Key reversal levels for week of July 15, 2013
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