Author: Dan

Stock have risen to the 1220 area on the S&P index, reaching the target we set 2 weeks ago. Now we are ready to go into a Red Period again, so this is a good opportunity to take some profits. Given the big upswing we have had over the last couple of months, stocks could… Continue reading Outlook November 8

The previous Red Period has ended with a 95 point gain for the Nasdaq. So we are still in a powerful upswing. Look for the market to add to these gains in the current Green Period, which will last through this week and well into next. Mid and late November are likely to bring us… Continue reading Outlook November 1

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