Author: Dan

Except for one big down day last Tuesday, again we didn’t get any real downside action in the current Red Period. This means the path of least resistance is still up. Every little dip in the market is bought almost immediately. Where will it end? Here is our longer term chart of the S&P 500… Continue reading Outlook October 25

Markets continue to steam ahead, and some stock indexes have already exceeded their April highs. In a runaway market like this the lunar cycle patterns we use for our analysis have little or no room to work themselves out. But don’t worry, things will get back to normal, probably sooner rather than later. Here is… Continue reading Outlook October 18

Markets behaved as expected, trying to push higher but bumping into overhead resistance levels (11000 on Dow Jones Industrials, 2400 on the Nasdaq, 1165 on S&P500). The recent Green Period has added 20 points on the Nasdaq, so we can see that the upward momentum has weakened. Going into a Red Period, the odds now… Continue reading Outlook October 11

We see how the market tried to continue upwards last week, but the move is bumping against the indicated resistance levels. The S&P 500 briefly rose to 1157 on Thursday, only to sell off almost 2% immediately. Going forward we remain in Green Period this week, pointing to an upward bias, but the question is:… Continue reading Outlook October 4

Markets briefly paused last week, but still ended very strongly on Friday. This has been one of the strongest Red Periods we have seen in a long time, with the Nasdaq adding 139 points. So, clearly the path of least resistance is up for the moment. You may remember what we wrote back in August… Continue reading Outlook September 27