Stocks had a fairly good week. The lunar red period is ending today, so this could be a good base to build on. The S&P 500 stays in a long sideways range that started in February. It is unusual for a major index to keep hovering within a narrow 5% range for so long. When… Continue reading The long sideways
Tag: lunar cycle
When will the moon blink?
Stocks rallied strongly last week, and another lunar green period has ended with handsome gains. The lunar cycle keeps up its perfect record for the year. This is a highly unusual winning streak. If we consider the odds of correctly guessing the direction of the market over a given period at 50%, then getting it… Continue reading When will the moon blink?
Looking up
After another difficult Greece-dominated week stocks are trying to climb back. The lunar green period continues this week and that should support some kind of rally. Here is the current Nasdaq chart (click image to enlarge it): The market appears to have bottomed out last Wednesday. The Earl indicator (blue line) is turning up from… Continue reading Looking up
What can rally stocks?
Stocks have been pressured by the uncertainty over the Greek referendum last week. Of course, the result of that vote was already available on Google trends days ago, as I suggested in my quick post yesterday. What kind of reaction can we expect this week? Let’s have a look at the S&P chart (click image… Continue reading What can rally stocks?
LT wave for July
Markets have stayed nervous, and for good reason. The weekend developments in Greece are causing big moves in world markets today. Will this push the US markets out of the sideways range they have occupied for months? Maybe. Let’s have a look at the situation in the Nasdaq (click image to enlarge it): The market… Continue reading LT wave for July
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