Stock markets have finally entered something more than a 2 day pullback. Last week’s advice to step aside works out fine so far. Now the next challenge is to watch for signs of a bottom. Let’s have a look at the Nasdaq chart: All my indicators keep pointing down, with bearish divergences still in place.… Continue reading LT wave for May
Tag: LT wave
LT wave for March
The Nasdaq ended the recent lunar red period with a massive 323 point gain, one of the strongest red periods ever. In the recent months the market has been going counter to what we normally see in green and red periods, but somehow our LT wave keeps doing very well. This is very interesting as… Continue reading LT wave for March
LT wave for February
Stocks have continued their rebound and suddenly it looks as if the world is not falling apart after all. Last week we have warned that the bottom may be in and so far that call doesn’t look bad. We are in a new lunar green period again, and in the previous period the lunar cycle… Continue reading LT wave for February
LT wave for January
The last trading days of the year are showing a light upward bias, as they typically do. It is usually hard to read something in days with very light trading, so we will probably have to wait for next week to see where stocks are going next. Let’s have a look at the Nasdaq chart… Continue reading LT wave for January
LT wave for December
US stocks barely moved last week. I had suggested a sideways period is starting and that’s what we are seeing. How much longer will it continue? Let’s have a look at the Nasdaq chart (click image to enlarge it): The market is hesitating just below the overhead resistance of this summer’s all time highs. The… Continue reading LT wave for December
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