Month: February 2012

The markets have stagnated near major resistance levels, right in line with our comments last week. We are now entering a new lunar Red Period again, so let’s see if we get any downturn. Here is the current chart for the S&P 500 Index (click for larger image): This index has now reached back up… Continue reading Ready for a dip

Markets have continued upwards, and some major stock indices are coming close to psychological barriers (13000 for the Dow Jones, and 3000 for the Nasdaq Composite). With another week of lunar Green period coming up I am looking for a short term top, and thus an opportunity to take some profits. The market has had… Continue reading Sell the Greek bailout

Markets stagnated last week, but still ended the lunar Red Period with handsome gains. This indicates the path of least resistance is still up. We are now entering a lunar Green Period again, favoring further gains, but how much can we expect after the recent rally? Let’s have a look at the current chart for… Continue reading Short term peak

The market doesn’t seem to stop for anything and just goes higher, with some indices even reaching 11 year highs. We have been warning for this break to the upside since mid December, and now we have to wonder how far it will carry. So far our lunar Red Period has not produced any downside… Continue reading Too far too fast?