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The market briefly dipped down last week, but as we already suggested in our comments, buyers came in very quickly to buy the dip. Overall the lunar Red Period that just ended has produced a slight upside, which implies that the upside momentum remains intact for the moment. While we still could get another dip
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Markets remain stuck near major psychological levels, but so far we do not see much downside action. With another week of lunar Red Period to go, I am still looking for a dip this week. Let’s have a look at the Nasdaq chart again (click for larger image): The Nasdaq briefly touched the 3000 level,
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The markets have stagnated near major resistance levels, right in line with our comments last week. We are now entering a new lunar Red Period again, so let’s see if we get any downturn. Here is the current chart for the S&P 500 Index (click for larger image): This index has now reached back up
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Markets have continued upwards, and some major stock indices are coming close to psychological barriers (13000 for the Dow Jones, and 3000 for the Nasdaq Composite). With another week of lunar Green period coming up I am looking for a short term top, and thus an opportunity to take some profits. The market has had
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Markets stagnated last week, but still ended the lunar Red Period with handsome gains. This indicates the path of least resistance is still up. We are now entering a lunar Green Period again, favoring further gains, but how much can we expect after the recent rally? Let’s have a look at the current chart for
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The market doesn’t seem to stop for anything and just goes higher, with some indices even reaching 11 year highs. We have been warning for this break to the upside since mid December, and now we have to wonder how far it will carry. So far our lunar Red Period has not produced any downside
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The expected pause in the markets seems to have started. This has been a very nice rally since mid December, so some hesitation is very normal now we approach major resistance levels. Let’s have a look at the current chart for S&P 500 (click for larger image): Our lunar Red Period has started, so I
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The market has continued to edge higher. We are coming close to overhead resistance levels, so I think the upcoming lunar Red Period will be the start of a pause in the market. Let’s have a look at the current Nasdaq chart (click for larger image): The stocks have risen more than 10% since mid-December.
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The market is gradually breaking out to the upside. Now we should look for follow through in the coming weeks. Here is the current chart for S&P 500 Index (click for larger image): The market has climbed just above the recent October highs, but seems to be hesitating at those levels. The current lunar Green
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The year has started with a mildly positive bias in the stock markets. That’s not unusual. The lunar Red Period will end this week, so we can start looking ahead for the upcoming Green Period. Things are looking quite good and we are close the point where markets can break out to the upside. Let’s
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LunaticTrader Blog 