Markets have been trading without any direction recently, and with the end of the month coming up I have postponed my weekly blog post by a few days to get out the new LT wave chart today. When stocks move in such a narrow range there is of course little or no space for the… Continue reading LT wave for September
Tag: LT wave
LT wave for August
Another sideways week for US stock markets. That’s strong price action after the recent run-up because usually you would see more give-back. A sideways period after a strong rally is typically followed by higher highs, but other than surprises nothing is ever guaranteed in stock markets. Let’s have a look at the current setup in… Continue reading LT wave for August
LT wave for July
Most stock markets surged higher after the Brexit panic subsided. If you bought when others were fearful, as we suggested last week, then you must be smiling. The FTSE 100 climbed about 10% from its Monday lows and is already setting new highs for the year. US markets also rebounded strongly. Is it now too… Continue reading LT wave for July
The Brexit opportunity
The highly anticipated Brexit referendum is coming up, so the topic will dominate the news and the markets this week. I want to give some comments on aspects that got lesser attention and then move on to my weekly stock market chart. For weeks (if not months) every drop in British stock prices or GB… Continue reading The Brexit opportunity
LT wave for June
Stocks had a strong week and the S&P 500 is coming close to its April highs. We warned for another strong upswing in our post last week, and that’s what we got. The odds for a further rally have improved again, but the April highs are likely to offer resistance on the way up. Here… Continue reading LT wave for June
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