The Nasdaq reached new all time highs last week, the S&P 500 and the Dow didn’t. Meanwhile all eyes are on Greece and on how its standoff with the EU gets resolved. More on that at the end of this post. Let’s have a look at the S&P chart first (click image to enlarge it):… Continue reading Buy Athens
Tag: lunar cycles
Close to the breaking point
Stocks declined last week, and the lunar red period ended with a 23 point loss. The lunar cycle has been working like a Swiss clock so far this year. All green periods have been profitable with a total gain of 562 points on Nasdaq, and all red periods have generated declines for a total loss… Continue reading Close to the breaking point
LT wave for June
US markets keep going sideways. Since early April the S&P 500 has been hovering within a narrow 70 point range, or a little over 3%. That is very unusual. The Nasdaq is still hesitating just below its all time record highs. Here is the current chart (click image to enlarge it): We are in a… Continue reading LT wave for June
Inching up
The S&P 500 reached new record highs last week, the Nasdaq is coming very close to a new all time highs as well. Some consolidation after the recent rally is normal, and we are in a new lunar red period. A further rise in June is likely if the market doesn’t give back too much… Continue reading Inching up
The start of a big move
Stocks have continued to push higher and are close to new record highs once again. We remain in a lunar green period until later this week, so chances are we will climb to new highs in several major market indexes. Let’s have a look at the Nasdaq chart (click image to enlarge it): The Nasdaq… Continue reading The start of a big move
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