Stocks climbed nicely last week, in line with the lunar green period and the favorable setup in my indicators. We have another week of lunar green to go, but the question becomes: how much is left in the tank here? Let’s have a look at the S&P 500 (click image to enlarge it): We have… Continue reading Overhead resistance
Tag: China
Buy China
Last week I asked: is the bull exhausted? The answer seems to be a resounding no. The S&P 500 has burst into new highs already, so it looks like its quick pullback to 1925 is all we can get as far as ‘corrections’ go in the current environment. The round number 2000, which would be… Continue reading Buy China
Key reversal levels for week of June 23, 2014
Comments for this week : * Continuing bull markets in all major indexes. If the FTSE100 rises a little bit next week we will have a fully bullish picture for stocks again. When and where will it end? Nobody knows. Keeping an eye on the key reversal levels and MoM indicators will tell us when… Continue reading Key reversal levels for week of June 23, 2014
Markets around the world
Some readers have been asking for my key reversal levels for other markets and indexes. Here they are for a selection of countries. Read my earlier posts to understand how to use these tables, see here. Here are the weekly keys: Weekly Current BB Key (W) MoM (W) Weeks % Ch Australia (AORD) 5,321.01 5,047.11… Continue reading Markets around the world
LunaticTrader 