The S&P 500 has climbed just above 2500, technically breaking out above its early August highs. But this doesn’t make the market any easier to read because we remain stuck in a narrowing range. Here is the updated chart: The narrowing range, as shown by the blue lines in this chart, will inevitably be abandoned… Continue reading Narrow range
Tag: S&P 500
Where does the Euro strength come from?
Stock market volatility has calmed down a bit and most markets ended the week on a positive note. We have a few more lunar green period days to go and then we will enter a new red period. If the market is going to retest and possibly take out its recent lows, then its best… Continue reading Where does the Euro strength come from?
When will the moon blink?
Stocks rallied strongly last week, and another lunar green period has ended with handsome gains. The lunar cycle keeps up its perfect record for the year. This is a highly unusual winning streak. If we consider the odds of correctly guessing the direction of the market over a given period at 50%, then getting it… Continue reading When will the moon blink?
What can rally stocks?
Stocks have been pressured by the uncertainty over the Greek referendum last week. Of course, the result of that vote was already available on Google trends days ago, as I suggested in my quick post yesterday. What kind of reaction can we expect this week? Let’s have a look at the S&P chart (click image… Continue reading What can rally stocks?
Disappointing days can be bullish
Yesterday the stock market opened higher, climbed even more and then started sliding, only to end the day down and down more than 1.5% from the intraday highs it had reached just a few hours earlier. That’s as disappointing as days can get for people who own stocks, other than a crash of course. Here… Continue reading Disappointing days can be bullish
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