Author: Dan

Markets have broken out to the upside, giving us a very strong lunar Green period. We could see some more upside action early this week, but a lunar Red period is about to start, so it may not be a bad idea to take some profits. Here is the chart for the Nasdaq (click for… Continue reading Is it for real?

We got the expected breakout to the upside in most markets. With another week of lunar Green Period to go, it is quite likely that some medium term top is going to be made within the next 10 days. Here is the current chart for S&P 500 (click for larger image): Our target of 1450… Continue reading Ready for a top

Markets have held up nicely last week, and appear ready for another swing to the upside. That being said, we are entering September-October, a season with a history of serving nasty surprises to the downside. Let’s have a look at the Nasdaq index (click for larger image): The recent lunar Red Period has produced a… Continue reading How is Athens?

Markets touched the ceiling we mentioned last week, and have turned down. But the downside action has been limited so far, which seems to be confirming the recent strength. Let’s have a look at the S&P 500 (click for larger image): There seems to be a general disbelief about the recent stock market rally. But… Continue reading Holding on

Markets powered higher last week, which means we have seen a strong lunar Green Period. But another Red Period is looming and the market is coming close to bumping into a major ceiling. Here is the current chart for Nasdaq (click for larger image): We could still touch 3100, but major resistance is likely to… Continue reading Near the ceiling