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
Tag: LT wave
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?
LT wave for March
We got a flat week as expected. The Nasdaq is sitting right below 5000, and the S&P 500 stopped just short of the 2120 resistance level we mentioned two weeks ago. What next? Let’s have a look at the S&P 500 chart (click image to enlarge it): We have another week of lunar red period… Continue reading LT wave for March
What about a down December?
Stock markets have continued their quiet march higher. Investors who missed the boat are still waiting for a meaningful pullback. Since the October lows the S&P 500 has seen exactly one day in which it dipped more than 0.5% below the previous days low. That was on November 4th, now almost a month ago. Can… Continue reading What about a down December?
Dow 32000 remains on track
Markets continued to surge last week, racing right back to new record highs for some indexes. With the month of October behind us I am updating my Dow 32000 scenario, which just refuses to go away, and we will also look at potential causes for a final mania. But first we take our weekly look… Continue reading Dow 32000 remains on track
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