A few weeks ago, when we last covered the S&P 500, I warned that the market was likely to give us a few good down days in the last week of May, with a target of 1600-1625, and then another rally. See: When everybody expects the same thing… We got the down days and the… Continue reading The next rally
Tag: S&P 500
When everybody expects the same thing…
…, then something else has to happen. Many investors were waiting for an overdue correction in May. Media outlets were reminding us to “Sell in May..”, since that had worked so well in each of the past three years. And what did we get? A melt-up. And now that bears have thrown in the towel,… Continue reading When everybody expects the same thing…
Further upside
Markets continued to march higher last week, and we now have clear breakouts to the upside in place. Such a strong performance is not unusual in eclipse green periods, as we explained a few weeks ago. We have another week of green period to go, so further gains are in the cards, but I think… Continue reading Further upside
Not done yet
That was an interesting week, with most markets giving us a rather sharp pullback from fresh multi-year highs. We have a couple more days of lunar Red period to go, but basically we are now setting up for the next Green period, which is likely to bring another push upwards. Here is the chart for… Continue reading Not done yet
The road to 1600
Markets have continued to drift upwards, and the S&P 500 has now reached the 1500 level, reaching the target we set a while back. How much is left in the tank here? We may find out soon. A lunar Green period is about to start this week, and I think the market will use that… Continue reading The road to 1600
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