Markets have continued to trade in “painless” fashion, just grinding higher without corrections worth talking about. Naturally this will not continue forever and it may end sooner rather than later. Here is the current Nasdaq chart: The latest all time highs came just before christmas. As long as the blue trend line stays intact there… Continue reading LT wave for January
Tag: LT wave
Higher it goes
Markets have burst higher in recent weeks, taking most major indexes to new record highs. Does this mean the market has nowhere to go but up? Maybe. We will have a look into that question later in this article, but let’s have a look at the Nasdaq chart first: Instead of threatening to go down… Continue reading Higher it goes
LT wave for November
Stocks have reached new record highs. But bullish participation has started to weaken again ( see Outlook for week of October 30). A shrinking number of stocks is carrying indexes higher and that’s always something to keep an eye on. Let’s have a look at the Nasdaq chart before sharing the LT wave for November:… Continue reading LT wave for November
LT wave for October
Markets have crept to new record highs. But is it a convincing breakout? The S&P 500 stays within its narrowing range so I would still keep my powder dry here. One or two down days could easily wipe out a full month’s gains, that’s how slow the recent advance has been. Let’s have a look… Continue reading LT wave for October
LT wave for September
Markets have been jumping higher in recent days and are close to new highs again. This is rather unexpected given the current lunar red period and goes against the projected weakness per our LT wave. What to make of this? Here is the current S&P 500 chart: The crucial support at 2400 has held easily… Continue reading LT wave for September
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