Stock markets are stagnating just below their recent record highs. The Nasdaq gained 89 points in the recent lunar red period, which is the best performance in a red period since early February. Is this the start of another major rally? Or just a fake-out before a significant decline? It is hard to tell right… Continue reading The Euro and the Nasdaq
Category: Financial Astrology
Did the market peak?
Stock markets remain under some pressure, but overall the pullback is still small. It is amazing how quickly investors’ talk has changed to crash predictions, which makes me think there is more upside to come before we see a more serious decline. Here is the current S&P 500 chart: The S&P 500 is currently testing… Continue reading Did the market peak?
So bitcoin hits my long term target
Normally I write about bitcoin once a year, but since my last post in May the cryptos have become a very fast market and now my long term price target of $4246 is being reached. So, I will give a quick update and some new price targets. But first I want to take a look… Continue reading So bitcoin hits my long term target
Ready for 2500
In my last post I recommended caution and wanted to see how the market gets through the lunar red period. Muddling through without further damage to the longer term uptrend would set us up for another rally in July-August. That seems to be what we have got and if the market holds up a few… Continue reading Ready for 2500
Get ready for the August eclipse
Despite some air pockets the US stock indexes keep looking up. The recent lunar red period produced a 35 point loss for the Nasdaq and we have started a new green period. There will be total solar eclipse over the USA in August and it will probably get plenty media attention. So, we will have… Continue reading Get ready for the August eclipse