Last week we wondered whether the market would continue to correct, or gradually turn up again. It now looks we did indeed muddle through the week and stocks are searching for new highs again. We remain in a lunar green period and the technical situation has improved. Here is the Nasdaq chart: The slower Earl2… Continue reading Looking up again
Tag: lunar cycle
Flat trading
Stock went mostly flat for another week and have ended the lunar red period with a 17 point gain for Nasdaq. More often than not sideways price action resumes in the direction of the existing trend, and with a new green period starting we could easily get another push to new highs in the coming… Continue reading Flat trading
No letup
Stock markets kept pushing higher and the recent lunar green period added 121 points to the Nasdaq. Will there be no letup? Of course the market cannot keep climbing without any pullbacks, so we will get a letup and probably sooner rather than later. Lunar cycles have not done well so far this year, but… Continue reading No letup
LT wave for August
Another sideways week for US stock markets. That’s strong price action after the recent run-up because usually you would see more give-back. A sideways period after a strong rally is typically followed by higher highs, but other than surprises nothing is ever guaranteed in stock markets. Let’s have a look at the current setup in… Continue reading LT wave for August
Not an easy path forward
Markets kept up very well last week and stocks are still not in the mood for any pullback. That will obviously change some day, but when? I don’t know how many under water shorts are still waiting for a decent chance to get out, but that could be one of the reasons why this market… Continue reading Not an easy path forward
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