Tag: Nasdaq

Brown leaves in the Nasdaq

Remember the “green shoots” that government officials like to talk about whenever the economy is weak and elections are near? They never talk about “brown leaves”. But markets are more honest, they show us brown leaves as well as green shoots in a candlestick chart. This week we have what I call a “brown leaves”… Continue reading Brown leaves in the Nasdaq

Key reversal levels for week of April 7, 2014

Comments on the key levels for this week : * It was an interesting first week of April. One reader was puzzled and asking how our system can be bullish for the S&P 500 and bearish for Nasdaq. But here we are a few weeks later and the Nasdaq is already more than 5% below… Continue reading Key reversal levels for week of April 7, 2014

Midweek comments

The S&P 500 and number of other indexes made new all time highs yesterday, but the Nasdaq is still lagging. I think we have come to a very interesting point in the market for a number of reasons: * an ecplise red period is starting today, which increases the risk for a downturn in the… Continue reading Midweek comments

Monthly key levels for April 2014

Here are our monthly key reversal levels going into April 2014. Remember, these monthly key reversal are only for long term market orientation. Try to invest mainly in the stronger markets (dark green) and take (partial) profits in markets that go to light green. Speculative buying can be done in the markets that switch from… Continue reading Monthly key levels for April 2014