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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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Stocks have held up well in the recent lunar Red Period. Can the market build on this strength? Here is the current chart for the S&P 500 (click for larger image): Stocks ended the week very strong and we see a pattern of higher highs and higher lows, which indicates a rising market. We are…
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The markets remain very difficult to read for the moment, and are largely moved by the day to day news. The stocks went up after initial weakness last week, once again giving us mixed signals. Let’s have a look for the current Nasdaq chart (click for larger image): Back in May we already warned for…
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Even though we got the rally we expected last week, the market gave back its gain on Friday. So, the recent lunar Green Period ended with a small loss, once again signalling weakness ahead. This means we have to be careful in the lunar Red Period that is getting underway. A quick look at the…
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Another up and down week with most indexes ending the week little changed. Our lunar Green Period is about flat so far, but there is another week to go. Here is the current chart for the Nasdaq Composite (click for larger image): The market briefly tested the support around 2850 and then rallied swiftly. It…
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LunaticTrader Blog 