Stocks had rather flat end of year trading with some weakness surfacing in the final days of December. The lunar green period produced a 54 point loss in the Nasdaq, a fitting close to a year which has been difficult for lunar cycle trading. More on possible reasons for this bad year and when “normal”… Continue reading LT wave for January
Tag: lunar cycle
LT wave for December
Stocks have kept going up and the Nasdaq is reaching the 5400 level, as we suggested it would in our post two weeks ago. So, what’s next? Let’s have a look at the S&P 500 chart: We stay in a lunar green period for the rest of the week, so we can prepare for some… Continue reading LT wave for December
The next leg up
Stocks performed a major turnaround last week and are breaking out to the upside. Chances are good that markets will keep rallying into year’s end. Here is the current Nasdaq chart: The October highs are likely to offer some resistance. But all my indicators have turned up from major lows. And there is further room… Continue reading The next leg up
A very clear situation
Stocks have come under increasing pressure and important support levels are slowly giving way. The recent lunar green period ended with a 190 point loss for the Nasdaq, one of the worst green periods this year, and continuing the pattern of lunar cycle inversion we have seen all year. As we have been pointing out… Continue reading A very clear situation
Some drizzle, no rain
Since the warning signs we posted a few weeks ago we have seen a significant dip in US stocks, which suggests the market has chosen down as its next direction, at least for now. This is giving us a bit more clarity, but not much because the market is still holding up pretty well and… Continue reading Some drizzle, no rain
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