LunaticTrader

Investing with the Moon

Outlook for Week of September 26

Posted by Danny on September 25, 2016

Outlook for world markets with brief comments for next week.

If you have any trouble to see the presentation below, then click here.

Click the “Expand” button (bottom right) to watch in full screen mode.

* For shorter term trading and more optimal entries there are daily reversal levels, which are available by monthly subscription. Comes as a daily html file covering over 2700 stocks and ETF. To see what you get you can pick up recent free samples on this page. Instructions for use are included. Give it a try.

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Waiting for continuation

Posted by Danny on September 19, 2016

Markets held stable after last week’s dip. Now it remains to be seen whether stocks will continue downwards or simply resume their existing up trend. The current lunar red period is ending and our LT wave for September suggests potential weakness until the 25th, so a downward continuation is to come sooner rather than later, if it comes… If stocks muddle through this week without further losses then an upward continuation will gradually become the more likely scenario.
Let’s have a look at the S&P chart:

sp500-daily-1_6_2015-9_16_2016

The technical situation keeps pointing both ways. The slower Earl2 (orange line) is still not bottoming out, but the faster Earl (blue line) is turning up again. The MoM indicator is entering the blue zone, which typically marks important market lows, but also not turning up yet.
It looks like a bit more time will be needed to get a really good setup. So, I wouldn’t rush in just yet. What will happen next is still very much in the balance.

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Outlook for Week of September 19

Posted by Danny on September 18, 2016

Outlook for world markets with brief comments for next week.

If you have any trouble to see the presentation below, then click here.

Click the “Expand” button (bottom right) to watch in full screen mode.

* The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/.

* For shorter term trading and more optimal entries there are daily reversal levels, which are available by monthly subscription. It comes as a daily html file covering over 2500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

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Market downturn

Posted by Danny on September 12, 2016

US stocks fell to their lowest levels since early July after touching new highs earlier in the week. This is nicely in line with our LT wave chart for August. If the expected pattern pans out then more weakness can be expected after a rally attempt in the next few days.
Let’s have a look at the Nasdaq chart:

comp-daily-1_26_2015-9_9_2016

The Earl2 (orange line) keeps going down without any signs of a bottom in place. The faster Earl (blue line) and MoM have fallen back in line with it, and now also point down. This means we are in a downturn and better wait for a bottom in Earl2.
We remain in a lunar red period this week, so there is no good reason to rush back in at this point.
Major support for Nasdaq is around the 5000 level. As long as we stay above that level there is not much going on. If there is a convincing close below 5000 then the odds of a more serious correction would go up considerably.

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Outlook for Week of September 12

Posted by Danny on September 11, 2016

Outlook for world markets with brief comments for next week.

If you have any trouble to see the presentation below, then click here.

Click the “Expand” button (bottom right) to watch in full screen mode.

* The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/.

* For shorter term trading and more optimal entries there are daily reversal levels, which are available by monthly subscription. It comes as a daily html file covering over 2500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

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Still grinding higher

Posted by Danny on September 7, 2016

Markets have held very steady and the Nasdaq reached new all time highs yesterday. The S&P 500 is just short of new records.
The recent lunar green period ended with a 12 point gain for the Nasdaq and we are now in a new lunar red period. The red periods have been unusually strong so far this year, but that will end eventually and make place for the weakness we normally see in red periods. A quick look at the S&P 500 charts shows the current technical situation:

sp500-daily-12_26_2014-9_6_2016

The Earl and MoM indicators are turning up from shallow bottoms. This means the sideways consolidation may be ending and another leg higher could start. But the slower Earl 2 (orange line) is still headed lower, which points to more downside or sideways action before we get another sustainable rally. Mixed signals means we better be careful in the coming weeks. There isn’t much of an edge in either direction for short term trades at the moment, so it is better to wait for a more attractive set up.

Posted in Financial Astrology, Market Commentary | Tagged: | 2 Comments »

Outlook for Week of September 5

Posted by Danny on September 4, 2016

Outlook for world markets with brief comments for next week.

If you have any trouble to see the presentation below, then click here.

Click the “Expand” button (bottom right) to watch in full screen mode.

* The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/.

* For shorter term trading and more optimal entries there are daily reversal levels, which are available by monthly subscription. It comes as a daily html file covering over 2500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

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LT wave for September

Posted by Danny on September 1, 2016

Markets have been trading without any direction recently, and with the end of the month coming up I have postponed my weekly blog post by a few days to get out the new LT wave chart today.

When stocks move in such a narrow range there is of course little or no space for the lunar cycles to show up. But it still worked out quite well. Here is the LT wave chart for September, also showing what we got in August:

ltwaveSep2016

Expected strength in early August showed up right on time and did push the S&P 500 to new record highs. Taking profits on the 5th or 8th, as we suggested, turned out to be a good idea because we didn’t miss much for the remainder of the months. Stocks went into sideways consolidation until a low on the 26th, the final of 3 bottom values in our LT wave. Renewed strength in the final days of the month did not materialize.

For September the LT wave suggests a strong first week with highest LT wave value coming on the 3rd. This could be enough to send indexes to another record. The strong period ends around the 6th and is followed by a weaker period until the 25th. Final days of September look better again.

As always, remember that this method is experimental and will not work equally well every month.

Next Monday we will follow up with our weekly chart analysis, as usual.

Posted in Market Commentary | Tagged: | 2 Comments »

Outlook for Week of August 29

Posted by Danny on August 28, 2016

This week we introduce a small change. Page 2 of our free weekly letter is now covering the weekly reversal levels for major currencies. The daily reversal levels for major stock indexes, gold and EURUSD keep being posted on our Twitter feed as always.

Outlook for world markets with brief comments for next week.

If you have any trouble to see the presentation below, then click here.

Click the “Expand” button (bottom right) to watch in full screen mode.

* The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/.

* For shorter term trading and more optimal entries there are daily reversal levels, which are available as a monthly subscription. It comes as a daily html file covering over 2500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

Posted in Market Commentary | Tagged: , , | Leave a Comment »

Flat trading

Posted by Danny on August 22, 2016

Stock went mostly flat for another week and have ended the lunar red period with a 17 point gain for Nasdaq. More often than not sideways price action resumes in the direction of the existing trend, and with a new green period starting we could easily get another push to new highs in the coming weeks. This is the current Nasdaq chart:

^COMP (Daily)  11_20_2014 - 8_19_2016

The technical situation is not clear cut. The slower Earl2 (orange line) has turned down, which is a warning sign. But the faster Earl (blue line) is just below the neutral and may turn up for another brief spurt higher. If so I would look for 5300-5400 as a possible zone for a peak.
A failure to rally would probably send the market the other way and then Nasdaq may face a drop to 5000-5100.
There is no easy play to make at this point, so I would just stick to long term positions and wait for better setups when it comes to swing trades. Looks like another good week to stay on the beach rather than in front of a monitor.

Posted in Market Commentary | Tagged: | 3 Comments »

 
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