Markets have been sputtering in recent months, but long term up trends stay intact. The Nasdaq has already climbed to new all time highs and is closing in on the 8000 mark. Here is the current chart: As long as the trend line is not broken it is too early to declare a top in… Continue reading LT wave for July
Tag: Nasdaq
Show Time
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
Not an easy path forward
Markets kept up very well last week and stocks are still not in the mood for any pullback. That will obviously change some day, but when? I don’t know how many under water shorts are still waiting for a decent chance to get out, but that could be one of the reasons why this market… Continue reading Not an easy path forward
Iceberg chart for gold
Stock markets had another rough week. We got the serious down days and the nervousness I warned for in last week’s post. Now the question becomes whether the August lows will be revisited or not. Let’s have a look at the Nasdaq chart (click image to enlarge it): We are in a new lunar green… Continue reading Iceberg chart for gold
The start of a big move
Stocks have continued to push higher and are close to new record highs once again. We remain in a lunar green period until later this week, so chances are we will climb to new highs in several major market indexes. Let’s have a look at the Nasdaq chart (click image to enlarge it): The Nasdaq… Continue reading The start of a big move
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