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
Tag: lunar cycle
Markets had a rebound last week, but it lacked vigor. The lunar green period ended with a 54 point gain for Nasdaq. Not bad, but it only recovered a small portion of the 206 point loss in the preceding red period. Here is the current Nasdaq chart: The Earl index (blue line) has bottomed and… Continue reading Staying alert
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?
The S&P 500 has broken out to new record highs, nicely in line with what we shared last week. But the Nasdaq index has not made it to new highs yet. Here is the current chart: The Earl and MoM indicators are clearly going up, with no signs of topping out yet. But the slower… Continue reading Show Time
Hesitating to go higher
The S&P 500 keeps going sideways while the Nasdaq is setting a string of new all time highs. The market is probably trying to make up its mind here, burst higher or start a correction? The first lunar red period of the year ended with a 191 point gain for the Nasdaq, see Performance. The… Continue reading Hesitating to go higher