We just ended a very solid lunar green period with a 152 point gain for the Nasdaq. The S&P 500 reached the 1920 target level we mentioned last week and the Dow Industrials is close to new all time highs again. Can the market break convincingly into new high ground this summer? Let’s have a… Continue reading LT wave for June
Tag: Nasdaq
Key reversal levels for week of June 2, 2014
Comments for this week : * After a strong week in the stock markets we remain with a fully bullish picture and upward weekly MoM for most major indexes. A pullback will start eventually, and stagnating MoM in the daily keys will normally offer us the first clues when the current rally is nearing an… Continue reading Key reversal levels for week of June 2, 2014
Key reversal levels for week of May 26, 2014
Comments for this week : * In the weekly key reversal levels for major stock indexes we have momentum (MoM) turning up for the Nasdaq and Nikkei. This means all major markets are trying to push higher again. * On the daily level markets have turned to bullish mode as well. It is always hard… Continue reading Key reversal levels for week of May 26, 2014
The biotech boom
US stock markets continue to hesitate while we enter the seasonally weaker part of the year. Small cap stocks have taken a beating, but major market indexes are still close to all time highs. Emerging markets have started to outperform. Does this look like the start of a global bear market to you? Fear is… Continue reading The biotech boom
Key reversal levels for week of May 19, 2014
Comments on the key levels for this week : * No changes in our weekly key reversal levels for major stock indexes. * On the daily level we have some flip-flopping going on. Nasdaq and S&P 500 have joined the Nikkei by going into bearish mode with downward momentum (MoM). The DAX and FTSE100 remain… Continue reading Key reversal levels for week of May 19, 2014
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