Markets have rebounded swiftly from their recent dip. Several indexes are close to new record highs again. Is there no end to this bull market? There will be, but just not yet. Let’s have a look at the S&P 500 (click image to enlarge it): The S&P has bottomed just below the 2000 level we… Continue reading New highs again
Tag: lunar cycles
Year end trading
We had some wild swings in the stock market last week. Is it the start of something bigger? Could be, but I think we are already close to a bottom and I expect that we will have rather quiet year end trading next. The S&P 500 is retesting the 2000 levels and the Nasdaq is… Continue reading Year end trading
Paradoxical effects in the economy
We got a few down days early in the week, but still ended with new record highs on a number of indexes. Even the German DAX is clocking in new records. As I said last week, pullbacks can be very shallow as long as enough investors are looking for a chance to get back in.… Continue reading Paradoxical effects in the economy
What about a down December?
Stock markets have continued their quiet march higher. Investors who missed the boat are still waiting for a meaningful pullback. Since the October lows the S&P 500 has seen exactly one day in which it dipped more than 0.5% below the previous days low. That was on November 4th, now almost a month ago. Can… Continue reading What about a down December?
Pushing higher again
Stocks refuse to go down. Last week we mentioned the possibility that the market may break out to the upside, and it starts looking as if we are getting just that. Here is my updated chart for the S&P 500 (click image to enlarge it): After bumping into a ceiling of overhead resistance for almost… Continue reading Pushing higher again
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