LunaticTrader

Investing with the Moon

Gearing up for 2015

Posted by Danny on December 29, 2014

Most major stock indexes are ending the year at or near record highs. How much upside is left? Perhaps more than most of us think. More on that in the new year forecasts I will get out shortly.
Let’s have our weekly look at the Nasdaq (click image to enlarge it):

Nasdaq

While it doesn’t look like we will get the down December that I was hinting at four weeks ago ( How about a down December? ), the indicated pattern has largely panned out. The Nasdaq did dip to 4600, but is recovering so fast that we are back to the highs already. What’s next?
Technically the Earl2 (orange) line appears to be forming a shallow bottom, while the faster Earl (blue line) is not yet topping out. The MoM indicator is near neutral and rising. I don’t think the current lunar red period will produce much downside, and if that is the case then the Nasdaq will probably climb to 4900 – 5000, where overhead resistance is likely. A drop below the December lows would invalidate this scenario.

Happy holidays to all our readers and stay tuned for a prosperous 2015,
Danny

4 Responses to “Gearing up for 2015”

  1. Genius said

    @lunatictrader Danny. What’s your email please? Have info

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: