Author: Dan

The market kept up well last week, and our lunar Red Period recorded a small gain for the Nasdaq Index. This is the strongest lunar Red Period since early February, so a sign of strength that we should not negate. Does this mean the market is ready to run? It’s too early to tell. Let’s… Continue reading Ready to run?

Some large swings up and down in the markets last week. The increased volatility could suggest that we are setting up for a bigger move up or down… The chart for the Nasdaq Index has not changed much (click for larger image): We will remain in lunar Red Period this week. This makes me wonder… Continue reading The next medicine

Markets did climb last week, before stumbling pretty badly on Thursday, but still ending the lunar Green Period with a decent gain. The steep drop on Thursday makes for an ugly picture in the charts of a lot of stocks and indices, and could foreshadow more weakness to come. Let’s have a look at the… Continue reading Sideways summer

Markets stabilized last week, which is not bad after the drop we saw in early June. But I would prefer to see a bit more upside action, given that we remain in a lunar Green Period. If we do not get any further gains from here, then we are probably setting up for a retest… Continue reading More to come

The markets are rebounding from major support levels. It doesn’t mean the correction is over, but I would look for the upswing to continue for a while. Here is the current chart for the S&P 500 index (click for larger image): The S&P seems to have bottomed near 1270. We are in a lunar Green… Continue reading Rebounding