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
Tag: LT wave
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
LT wave chart for August
The LT wave chart for July did OK. It picked up a few highs and lows, also missed some. Here is the LT wave for August (click for larger image): Given yesterday’s drop in the market it could become an interesting August. The LT wave will reach a low on the 5th, followed by a… Continue reading LT wave chart for August
LT wave for July
Last month’s LT wave chart suggested weakness in stock markets. That didn’t pan out for the US indexes, but still the wave got most of the short term swings correct. I have embedded a S&P 500 chart for June, making it easier to see (click for larger image): The blue line did a fairly good… Continue reading LT wave for July
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