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That was an interesting week, with most markets giving us a rather sharp pullback from fresh multi-year highs. We have a couple more days of lunar Red period to go, but basically we are now setting up for the next Green period, which is likely to bring another push upwards. Here is the chart for…
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Markets have continued to move in line with expectations. Most major indices remain near overhead resistance lines, but there is no breakout to the upside (yet), and meanwhile we have entered a lunar Red Period. Here is the Nasdaq chart (click for larger image): This market has reached our 3200 target, but seems to struggle…
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Markets have continued to push upwards, and are now testing all time highs. With a few more lunar Green period days to go, we could be recording new highs in the next couple of days, but time is starting to run out. Let’s have a look at the S&P 500 index (click for larger image):…
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The S&P 500 and the Dow Jones Industrials index have come very close to their all time highs last week. Even though there is a pullback today, I think we will see another attempt to set new high marks this week or next. Meanwhile let’s have a look at the Nasdaq index (click for larger…
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Markets have continued to drift upwards, and the S&P 500 has now reached the 1500 level, reaching the target we set a while back. How much is left in the tank here? We may find out soon. A lunar Green period is about to start this week, and I think the market will use that…
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Stock markets have held steady, and several market indices have recorded all time highs. Still, most retail investors and people in the street are nowhere near optimistic about the economy. And that probably means there is more upside action to come. We have to bear in mind that the 2008 crisis and market decline is…
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Markets continue to trade with a positive bias, but it is not a crazy race to the top. We will be entering a lunar Red Period this week, so I am looking for a bit of a pause to start. Let’s have a look at the S&P 500 index (click for larger image): This market…
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Stock markets have started the year strongly, but are hesitating to build on their new year gains. The sunspot number has jumped up to near 200 in recent days (see widget on the right side), which may add to nervousness. But with another week of lunar Green period to go, I am looking for the…
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Hi all, Happy 2013! As you may have noticed, I have taken a little break in the last couple of weeks. The year end period is generally not very interesting as there is very light trading volume anyway. I have used the time to relax, and also did some research which I will share with…
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LunaticTrader Blog 