LunaticTrader

Investing with the Moon

LT wave for March

Posted by Danny on March 2, 2015

We got a flat week as expected. The Nasdaq is sitting right below 5000, and the S&P 500 stopped just short of the 2120 resistance level we mentioned two weeks ago. What next?
Let’s have a look at the S&P 500 chart (click image to enlarge it):

S&P 500

We have another week of lunar red period to go. So far it looks like a very normal pause in an ongoing rally. Technically, the Earl indicator (blue line) is entering the bottom area but not turning up yet. The slower Earl2 (orange line) keeps climbing, suggesting further gains ahead. It is probably too early for the next leg higher, so another flat to down week is the most likely scenario. If so we will be set for a climb towards 2200 later this month.

The LT wave chart for March looks supportive as well (click image to enlarge it):

LT wave

In February we got strength into the peak near the 21st, followed by a weaker final week. For March we see a similar picture. Further hesitation in the first week, followed by two weeks of strength. If the market is to climb to new record highs, then this is the time to do it. The final week looks weaker again. The lowest value of the month is on the 14th, but that is again a weekend day. Highest values are on the 21st and 22nd, which are also weekend days. That can push out a possible high to 23rd or even 24th.

Good luck,
Danny

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Outlook for Week of March 2, 2015

Posted by Danny on March 1, 2015

Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode.

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

Happy trading, Danny

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Weekly Reversal Levels for February 28, 2015

Posted by Danny on February 28, 2015

Weekly reversal levels are useful for market orientation and long term investing. Here are the levels for over 1000 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

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

For shorter term trading you can use our daily reversal levels, which are available every day as premium info on Scutify.com for just a few $. The current version is a 38 page PDF with the latest reversal levels and buy or sell signals for over 1000 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps and more than 100 popular ETF. Instructions for use are included. Give it a try.

Happy trading, Danny

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Digesting gains

Posted by Danny on February 23, 2015

When I wrote a few weeks ago that the Nasdaq was all set for a move to 5000, I got responses like “Really ??”. But here we are, the Nasdaq gained 212 points in the lunar green period that just ended, and the 5000 level is within reach. Of course, we are now entering a lunar red period, so celebrating new records on the Nasdaq may have to wait a little bit.

Let’s have a look at the current Nasdaq chart (click for larger image):

Nasdaq

This has been a great move off the January lows. But I think we will get some consolidation just below the 5000 level before marching on in March.
Technically the MoM indicator is reaching the +8 very optimistic range. The slow Earl2 (orange line) is still heading higher, but the faster Earl (blue line) appears to be turning lower already. We may see the 5000 being exceeded this week already, because those psychological barriers do their magic. But a new lunar red period plus an Earl indicator that turns down suggests at least a brief pause in the market first. A few flat weeks would set the stage for further gains in March and April, with 5300+ as a possible target.

Good luck,
Danny

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Outlook for Week of February 23, 2015

Posted by Danny on February 22, 2015

Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode.

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

Happy trading, Danny

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

Weekly Reversal Levels for February 21, 2015

Posted by Danny on February 21, 2015

Weekly reversal levels are useful for market orientation and long term investing. Here are the levels for over 1000 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

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

For shorter term trading you can use our daily reversal levels, which are available every day as premium info on Scutify.com for just a few $. The current version is a 38 page PDF with the latest reversal levels and buy or sell signals for over 1000 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps and more than 100 popular ETF. Instructions for use are included. Give it a try.

Happy trading, Danny

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The surge is on

Posted by Danny on February 16, 2015

We have been mentioning for weeks that stocks may be setting up for another push to new highs. That move seems to be underway. This opens the door for Dow 20000 and Nasdaq 5000. If that sounds boring, that’s just the way it is. Good investing is boring… most of the time.
I just don’t want to be one of the countless pundits and bloggers that keep warning for the next crash or crisis over and over until they are inevitably right eventually. That’s how some folks have also “predicted” ten out of the last two recessions, as the joke goes.
Let’s have our customary look at the S&P 500 chart (click image to enlarge it):

S&P 500

We have another week of lunar green period to go. And all my technical indicators are pointing up. That suggests more upside to come. The S&P 500 could sputter near 2120, and then it goes to the next resistance level near 2200.
Could it be a false breakout? That’s still possible, but the odds are dwindling quickly. Most likely this marks the end of a sideways pattern that started in November.
What keeps this market going higher and higher? Well, one basic concept in investing is that you don’t sell an asset until you can replace it with something better. People who sell their stocks start looking around and find themselves in the middle of a zero interest rates desert where nothing grows. Here and there they notice a little oasis formed by dividend paying stocks.

Be well,
Danny

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Outlook for Week of February 16, 2015

Posted by Danny on February 15, 2015

Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode.

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

Happy trading, Danny

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

Weekly Reversal Levels for February 14, 2015

Posted by Danny on February 14, 2015

Weekly reversal levels are useful for market orientation and long term investing. Here are the levels for over 1000 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

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

For shorter term trading you can use our daily reversal levels, which are available every day as a premium info on Scutify.com for just a few $. The current version is a 38 page PDF with the latest reversal levels and buy or sell signals for over 1000 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps and more than 100 popular ETF. Instructions for use are included. Give it a try.

Happy trading, Danny

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

Nasdaq 5000 is coming

Posted by Danny on February 9, 2015

Markets enter the week in a nervous mood. Standoff situations in Ukraine and Greece seem to be reaching another climax and energy prices remain very volatile. What’s not to like? Two weeks ago I wrote about the market getting ready for a push to new highs. Is this the wall of worry that is typically seen before a sudden surge higher in the stock market? Let’s have a look at the Nasdaq chart (click image to enlarge it):

Nasdaq

We will be starting a new lunar green period this week. That doesn’t guarantee upside action, but it means the odds for some kind of rally are quite good. Technically we also have a setup that can give us a sudden push to new highs. The Earl2 indicator (orange line) has bottomed out and the faster Earl (blue line) shows a building up-trend with further room to rise. All is ready for a move towards 5000.
Could the move be aborted still? Of course, that’s always possible. Given that we have a quadruple bottom at 4550 means it would probably get pretty ugly if that level gets broken on a fifth try. So, we watch that level very carefully. But it remains a bull market until proven otherwise.

Stay tuned,
Danny

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

 
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