A bit of an update on our Icebergs charts concept. This idea was introduced almost 10 years ago, and a few extra elements have been added since version 3. The Icebergs algo is not the fastest, so it’s not meant for daytrading, but it offers a unique way to see the overall market condition in… Continue reading Icebergs 4
Tag: S&P 500
LT wave for January 2020
After a few weak months our LT wave seems to have kicked back into the proper gear. This is the projected price pattern for S&P 500 in January: After expected weakness in early December the market flatlined a bit before bursting higher in the subsequent strong period. For January the wave suggests a weak period… Continue reading LT wave for January 2020
Is gold really outperforming the S&P 500?
I saw this tweet, which tries to show that gold has been a better investment than stocks: History: #Gold has beaten the S&P 500 index so far this century: #Markets pic.twitter.com/bDtmmvu4GW — Physical Gold Fund (@PhysGoldFund) February 14, 2019 I will shamelessly repost the chart it uses to make the case: That looks very convincing,… Continue reading Is gold really outperforming the S&P 500?
Anticipating future price action
In a recent blog post we explored what typically happens after a huge 4-5% up day in the S&P 500, as was seen on December 26: How to trade after huge up days. As always, bearish commentators were out to declare how unhealthy huge up days are. But history does not confirm that belief, huge… Continue reading Anticipating future price action
Stocks and bitcoin
Stocks have basically gone sideways so far this month. Since the November 9 drop the S&P 500 is trying to climb back, but it looks like a tired effort. Meanwhile bullish participation continues to weaken, as reported in my weekly reversal levels outlook. The lunar green period is about to end, so it will be… Continue reading Stocks and bitcoin
LunaticTrader Blog 