The market was about flat last week and the lunar red period ended with a solid 167 point gain on the Nasdaq. It is the first time this year that stocks gain during a red period, which suggests underlying strength in the market. Can the market go even higher in the new green period? Let’s… Continue reading LT wave for November
Tag: LT wave
LT wave for October
Markets declined into the end of the lunar red period and have started to rebound with the new green period. The August lows have held, so this could mark the end of the recent correction. Let’s have a look at the Nasdaq chart (click image to enlarge it): The Nasdaq appears ready to climb towards… Continue reading LT wave for October
LT wave for September
There was panic selling in the markets before stocks recovered towards the end of the week. We already warned weeks ago that things could turn ugly quickly and that’s exactly what we got. It’s too early to tell whether the lows are in or not, but we can have a look at the new situation… Continue reading LT wave for September
The long sideways
Stocks had a fairly good week. The lunar red period is ending today, so this could be a good base to build on. The S&P 500 stays in a long sideways range that started in February. It is unusual for a major index to keep hovering within a narrow 5% range for so long. When… Continue reading The long sideways
LT wave for July
Markets have stayed nervous, and for good reason. The weekend developments in Greece are causing big moves in world markets today. Will this push the US markets out of the sideways range they have occupied for months? Maybe. Let’s have a look at the situation in the Nasdaq (click image to enlarge it): The market… Continue reading LT wave for July
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