Markets are building on their recent breakout to new highs. The most recent lunar red period ended with big gains for the major stock indexes, and now we are in an eclipse green period. Historically stocks have done very well in eclipse green periods. That doesn’t mean further gains are guaranteed, but we definitely shouldn’t… Continue reading How high?
Tag: Nasdaq
Key reversal levels for week of October 27, 2013
Here the new weekly key reversal table: Weekly Current BB Key (W) MoM (W) Weeks % Ch. Nasdaq 3,943.36 3,587.81 7.61 42 27.65 S&P 500 1,759.77 1,644.33 4.64 47 24.25 Nikkei 14,088.19 13,294.53 2.39 48 48.83 FTSE 100 6,721.30 6,394.52 1.18 15 2.70 DAX 8,985.74 8,369.11 5.96 15 9.08 Bonds (TLT) 108.29 109.17 -1.13 23… Continue reading Key reversal levels for week of October 27, 2013
Key reversal levels for week of October 20, 2013
I have now automated the calculation of my key reversals to a large extent, saving me time, and from this week onwards the presentation format is changed a bit. The weekly and the daily reversal tables are now shown separately, making space for some additional info to be shown. A long term investor can do… Continue reading Key reversal levels for week of October 20, 2013
Correction is not over
Markets took a serious dip last week and rebounded equally quickly on the back of political noise. I prefer not to listen to the news too much, because one day it worries investors only to elate them the next, each time putting them on the wrong foot. That’s why I rarely every comment on news… Continue reading Correction is not over
Key reversal levels for week of October 13, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3791.87 BULL S: 3532.05 6.44 (6.85) RALLY * S: 3728.44 -1.66 (-1.65) S&P 500 1703.20 BULL S: 1625.80 2.69 (2.77) RALLY * S: 1674.44 -4.93 (-5.84) Nikkei 14404.74 BULL S: 13111 2.30 (2.67) RALLY *… Continue reading Key reversal levels for week of October 13, 2013
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