S&P 500 Analysis & ETF Trading

[kiy]

Astro-O-Ology..."Does the concept of a “status quo” even exist today?"

Interesting and good read this week. I'm only posting a small part of it https://mmacycles.com/index.php?route=blog/article&category_id=1&article_id=209


A powerful lunar eclipse is occurring today, Friday, July 27, 2018. The last full moon lunar eclipse was also powerful, and occurred about six months ago, on Tuesday, January 31, 2018. You may remember that time. The DJIA made its all-time high of 26,616 just three trading days before, on Friday January 26. Other markets like the S&P made their all-time highs the next Monday, January 29. By Friday of that week, the DJIA plummeted 665 points, its sixth largest one-day decline in its history prior to then. The next week, it had two days (Monday and Thursday, February 5 and 8) where it dropped over 1000 points each, for the first time in its history. Can it happen again? Of course, anything is possible, especially since this eclipse also makes a T-square with the unpredictable and unstable Mars/Uranus square.

There are some charting similarities between late January 2018 and today. Last week witnessed the NASDAQ soaring to a new all-time high on Wednesday, July 25, just two days before the current lunar eclipse. That was also the day that Facebook announced its disappointing quarterly report, resulting in the largest one-day loss of market value by any company in stock market history. By Friday, the NASDAQ was down triple digits on the day.


Last week was notable for several equity markets throughout the world. Not only did the tech-heavy NASDAQ index make a new all-time high last week, but so did the Indian Nifty Index on Friday, July 27. Additionally, on the same day, the Netherlands AEX exploded to its highest mark since July 2001, and the Australian ASX (All Ords) index sprung to its highest level since January 2008. In fact, most world indices were rallying sharply for most of last week, until the USA equity markets started falling after the very strong GDP report of Friday morning. It was as if everyone suddenly became moonstruck.

Gold and Silver started to recover after their yearly lows of the prior week, but then ran out of steam after reaching weekly highs on July 25-26. By Friday, July 27, they were again approaching the yearly lows of July 19. Crude oil also tried to recover from its recent decline following its three-year high 75.27 on July 3, but it couldn’t get back above 70.00 all week. Bitcoin, however, rallied to $8482 on July 25, its highest price in two months. But it too fell back into the end of the week.