Markets pushed higher last week and many market indices reached new highs. Our LT wave chart for September indicated strength around the 16th, so yesterday may have been the high for the month. Where do we go from here? Let’s have a look at the Nasdaq chart (click for larger image): We have another week… Continue reading What to make of those new highs?
Tag: Nasdaq
Key reversal levels for week of September 16, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3722 BULL S: 3449 5.94 (6.07) RALLY S: 3643 6.48 (5.93) S&P 500 1688 BULL S: 1603.40 2.31 (2.78) RALLY * S: 1657.60 5.27 (4.25) Nikkei 14405 BULL S: 12814 1.08 (0.9) RALLY S: 13890… Continue reading Key reversal levels for week of September 16, 2013
A crucial point for the Nasdaq
A quick mid week update. Stock markets have pushed higher and are in rally mode again. The Nasdaq is testing its first upside target at 3730 already. If it can push through convincingly, then the recent correction will be over. That would mean the correction has been very shallow and would suggest much higher stock… Continue reading A crucial point for the Nasdaq
Key reversal levels for week of September 9, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3660 BULL S: 3426 6.07 (6.69) RALLY * S: 3607 0.60 (-0.26) S&P 500 1655 BULL S: 1598 2.78 (3.79) DECLINE R: 1665 -2.34 (-3.58) Nikkei 13861 BULL S: 12718 0.90 (1.33) RALLY * S:… Continue reading Key reversal levels for week of September 9, 2013
A September to buy
Only a quick post for today. Weakness in stock markets around the world has continued. So, it looks like we are getting a weak lunar green period indeed. Let’s have a look at the Nasdaq chart (click for larger image): The Nasdaq has held up better than most other market indices. The 3575 level has… Continue reading A September to buy
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