We are nearing the end of the month, so today I am sharing the LT wave for October (click for larger image): Last month the LT wave performed so-so. The S&P 500 did show the expected strength early in September, but it carried on until a new high on the 18th, a few days later… Continue reading LT wave chart for October
Tag: S&P 500
Continued strength
Markets have continued to march higher and we just finished an exceptionally strong lunar red period, which saw the Nasdaq gain 115 points. This is a sign of strength and generally points to even higher stock prices in the months ahead. Taking a look at the chart for S&P 500 (click for larger image): The… Continue reading Continued strength
Key reversal levels for week of September 23, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3775 BULL S: 3473 6.13 (5.94) RALLY S: 3687 7.80 (7.49) S&P 500 1710 BULL S: 1611.60 2.50 (2.31) RALLY S: 1671.80 8.46 (8.41) Nikkei 14742 BULL S: 12908 1.64 (1.08) RALLY S: 14064 5.78… Continue reading Key reversal levels for week of September 23, 2013
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
S&P 500: downside risk remains
We seem to be going through a rather mild correction in US stock markets. In other international markets the declines have been more significant. As we said a few months ago, the second half of the year will be more difficult to navigate, and that continues to be the case. Is the correction (almost) over?… Continue reading S&P 500: downside risk remains
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