Markets have continued to move in line with expectations. Most major indices remain near overhead resistance lines, but there is no breakout to the upside (yet), and meanwhile we have entered a lunar Red Period. Here is the Nasdaq chart (click for larger image): This market has reached our 3200 target, but seems to struggle… Continue reading LT wave chart
Category: Market Commentary
Long term outlook
Markets have continued to push upwards, and are now testing all time highs. With a few more lunar Green period days to go, we could be recording new highs in the next couple of days, but time is starting to run out. Let’s have a look at the S&P 500 index (click for larger image):… Continue reading Long term outlook
Gold on the brink
The S&P 500 and the Dow Jones Industrials index have come very close to their all time highs last week. Even though there is a pullback today, I think we will see another attempt to set new high marks this week or next. Meanwhile let’s have a look at the Nasdaq index (click for larger… Continue reading Gold on the brink
The road to 1600
Markets have continued to drift upwards, and the S&P 500 has now reached the 1500 level, reaching the target we set a while back. How much is left in the tank here? We may find out soon. A lunar Green period is about to start this week, and I think the market will use that… Continue reading The road to 1600
New highs
Stock markets have held steady, and several market indices have recorded all time highs. Still, most retail investors and people in the street are nowhere near optimistic about the economy. And that probably means there is more upside action to come. We have to bear in mind that the 2008 crisis and market decline is… Continue reading New highs
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