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
Tag: LT wave
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
LT wave for June
US markets keep going sideways. Since early April the S&P 500 has been hovering within a narrow 70 point range, or a little over 3%. That is very unusual. The Nasdaq is still hesitating just below its all time record highs. Here is the current chart (click image to enlarge it): We are in a… Continue reading LT wave for June
Who buys new record highs?
Last week we asked a poll question and several readers have taken the time to put in a vote. More on the results later in this post. We also have the LT wave chart for April, but first we take our customary look at the S&P 500 (click image to enlarge it): We got a… Continue reading Who buys new record highs?
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