The S&P 500 has reached new record highs and has kept up surprisingly well all week. Will this market just keep climbing without looking back? Maybe. The S&P 500 chart may offer us a few clues: There is no clear overhead resistance level at this point. But the Earl indicator (blue line) is turning down… Continue reading Waiting for the kiss
Tag: lunar cycle
Beyond new highs
Markets kept climbing last week, and the S&P 500 came very close to new all time highs, which is what we called for. We may see a new S&P high today, even though a new lunar red period has started. But the LT wave for July projects highs on the 11th or the 26th, so… Continue reading Beyond new highs
The Brexit opportunity
The highly anticipated Brexit referendum is coming up, so the topic will dominate the news and the markets this week. I want to give some comments on aspects that got lesser attention and then move on to my weekly stock market chart. For weeks (if not months) every drop in British stock prices or GB… Continue reading The Brexit opportunity
To fear or not to fear
Markets keep hesitating and a pullback seems to be starting. Nothing unexpected. Meanwhile the official media keeps rehashing the “Brexit fear” meme ad nauseam, and that theme will probably dominate the financial news for the next few weeks. Whenever the FTSE 100 or Pound is down it gets conveniently blamed on “Brexit fear”. And whenever… Continue reading To fear or not to fear
LT wave for June
Stocks had a strong week and the S&P 500 is coming close to its April highs. We warned for another strong upswing in our post last week, and that’s what we got. The odds for a further rally have improved again, but the April highs are likely to offer resistance on the way up. Here… Continue reading LT wave for June
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