Author: Dan

We got a flat week with the market clearly hesitating and looking for direction. Where do we go from here? The situation on the charts remains quite clear (click for larger image): The uptrend channel still remains intact, but the Nasdaq will have to break above 2900 by mid-June to keep this trend going. Failure… Continue reading Outlook May 16

A rather disappointing week in the US stock markets. We gave back nearly all the gains of the previous week, so we now have potentially a failed breakout on the charts. This also means we got a rather weak lunar Green Period, with only a 25 point gain on the Nasdaq. Now heading into lunar… Continue reading Outlook May 9

Another good week for our forecasts. As we mentioned on Twitter last Monday: “prepare for a suprise to the upside” Markets have broken out to the upside, and with the news of Bin Laden’s death we could see some additional gains this week. Some more lunar Green Period days are coming up, so the Nasdaq… Continue reading Outlook May 2

An interesting week in the markets. Stocks rebounded sharply and regained all losses of the previous weeks. We now have a textbook reversed head and shoulder pattern in the S&P 500 Index (click for larger image): The odds are good for a break out to the upside here. Not only is our momentum indicator just… Continue reading Outlook April 25

Sorry for being a day late. Very busy for the moment. Markets are keeping up with our lunar cycles very well for the moment. The Nasdaq has dropped to near 2700, the target we set last week. With only a few more days of lunar Red Period to go we can start looking ahead for… Continue reading Outlook April 19