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We saw clear weakness in the stock markets last week, and the Nasdaq seems on its way to the 3000 level, as we suggested in this blog a few weeks ago. We remain in a lunar Green period for most of this week, so I think we will now see some rebound attempt. Here is
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Markets are trying the upside since the start of a new lunar Green period last week, but so far the move seems to lack conviction. After several strong lunar Green periods ( see our Performance page, which is now easier to read), we could be in for a weak one. The coming week will make
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Markets dropped last week, but the recent uptrend remains intact. Our lunar Red period has a couple more days to go, so we could see more weakness early in the week, but basically we are setting up for another rally attempt. Here is the current Nasdaq chart (click for larger image): I think there will
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Markets are stagnating since the start of our lunar Red period last week. No significant downside action has occurred so far, but there is more Red period to come. Let’s have a look at the longer term chart for the S&P 500 (click for larger image): This market has broken above an important resistance level
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Markets have broken out to the upside, giving us a very strong lunar Green period. We could see some more upside action early this week, but a lunar Red period is about to start, so it may not be a bad idea to take some profits. Here is the chart for the Nasdaq (click for
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We got the expected breakout to the upside in most markets. With another week of lunar Green Period to go, it is quite likely that some medium term top is going to be made within the next 10 days. Here is the current chart for S&P 500 (click for larger image): Our target of 1450
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Markets have held up nicely last week, and appear ready for another swing to the upside. That being said, we are entering September-October, a season with a history of serving nasty surprises to the downside. Let’s have a look at the Nasdaq index (click for larger image): The recent lunar Red Period has produced a
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Markets touched the ceiling we mentioned last week, and have turned down. But the downside action has been limited so far, which seems to be confirming the recent strength. Let’s have a look at the S&P 500 (click for larger image): There seems to be a general disbelief about the recent stock market rally. But
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Markets powered higher last week, which means we have seen a strong lunar Green Period. But another Red Period is looming and the market is coming close to bumping into a major ceiling. Here is the current chart for Nasdaq (click for larger image): We could still touch 3100, but major resistance is likely to
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Stocks continued upwards last week, and the market seems to be stalling near the resistance levels we mentioned. We have another week of lunar Green Period to go, so we will see whether it can break any higher. Let’s have a look at the Nasdaq (click for larger image): Two weeks ago we mentioned an
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LunaticTrader Blog 