Yesterday the stock market opened higher, climbed even more and then started sliding, only to end the day down and down more than 1.5% from the intraday highs it had reached just a few hours earlier. That’s as disappointing as days can get for people who own stocks, other than a crash of course. Here… Continue reading Disappointing days can be bullish
Tag: Nasdaq
Year end trading
We had some wild swings in the stock market last week. Is it the start of something bigger? Could be, but I think we are already close to a bottom and I expect that we will have rather quiet year end trading next. The S&P 500 is retesting the 2000 levels and the Nasdaq is… Continue reading Year end trading
The next breaking point
In our most recent review of the S&P 500 we pointed out the market was at a breaking point, with all my indicators pointing down. US markets have indeed gone over the edge last week, and the rather quick drop has brought them right to the next breaking point. Here is the current S&P chart… Continue reading The next breaking point
Key reversal levels for week of August 4, 2014
Our key tables and comments for this week, now in slideshow format. Click the “Expand” button (bottom right) to watch in full screen mode. Click on “Slideshare” (bottom left) if you want to save and print it. If you have any trouble to see the presentation below, then you can also click here. Good luck,… Continue reading Key reversal levels for week of August 4, 2014
Setting up for an August peak
US stock markets have been fairly flat in July, neither breaking down nor breaking out to the upside. The current lunar green period will end Wednesday. So far it looks like a rather weak green period, but we have a few more days to go. The upcoming red period will contain a supermoon. Over the… Continue reading Setting up for an August peak
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