Author: Dan

Stocks have kept up surprisingly well last week, but still there is no decisive break above the recent resistance levels we have mentioned. I think this market will need to catch some breath before it can move much higher, and quite likely we will see that pause coming up this week. As long as the… Continue reading Outlook September 20

This is an update on the chart we first posted in our Outlook July 26 Markets have gone on to play around trend lines that converge into late September-early October. Here is the current version for Nasdaq (click for larger image): Notice how the current rally that started in late August is climbing up a… Continue reading Interesting chart

We did get some additonal gains, as forecast last week, and closed out the Green Period with a 89 point gain for the Nasdaq. Not bad. Going forward we are moving into Red Period now, which means more caution is needed here. I guess we could still see the market head into the overhead resistance… Continue reading Outlook September 13

Stocks rose sharply last week and with another week of Green Period to go, we can look forward to additional gains this week. The chart situation is worthy of a closer look (S&P 500 Index, click for larger image): The market found support near the 1040 level at the end of the previous Red Period.… Continue reading Outlook September 6

More downside pressure was evident in the stock market last week, but a nice rebound already started in the final hours of trading on Friday. The July lows were not broken to the downside, so we have to consider that we may be in an ongoing up trend for the moment. With a Green Period… Continue reading Outlook August 30