Stocks had a quiet week, extending the slow slide that started in April. Will the selling intensify? We have a few more days of lunar red period to go, so if it does it may come sooner rather than later. But if every dip continues to be bought, as seems to be the case in… Continue reading Slow slide
Tag: lunar cycle
Be ready for everything
Stocks tried to rally for a few days, but fell back just as quickly. The pullback has been very orderly so far, and after 4 weeks of downside action a bottom may be near. Of course it is also possible that more downside action is in the pipeline. Let’s have a look at the Nasdaq… Continue reading Be ready for everything
Pullback underway
Stocks have started a long awaited pullback. The bearish divergences we mentioned a few weeks ago have finally taken their toll on the market rally. Now the question becomes how deep the pullback will be and when it will end.Let’s have a look at the S&P 500 chart. The S&P has lost about 50 points… Continue reading Pullback underway
A time to stand aside
Stock markets keep marching higher as if pullbacks and corrections are a thing of the past. Can it keep going like this? Yes, it happened in 1995. Of course, that doesn’t mean it *will* keep going, but it is a viable outlier scenario. A reader was so good to pull up this old tweet I… Continue reading A time to stand aside
Remembering 1994
Stocks made another push higher last week and the S&P 500 has now recovered all its losses since the start of the year. Can it go higher? Why not? Can it go much higher? More on that further on in this post, let’s first have a look at the chart: The S&P is back to… Continue reading Remembering 1994
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