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Happy new year to all our readers. 2011 has been a good year for our lunar phases approach. In the lunar Green Periods there was a 110 point profit, while the lunar Red Periods generated a cumulative 187 point loss in the Nasdaq Composite index. So, an investor going long in the Green Periods and
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This is our last weekly outlook for 2011. Markets rose nicely last week, pretty much as expected. Let’s have a look at the Nasdaq chart (click for larger imaage); We remain in a sideways market without clear direction. Our lunar Green period is about to end, so we will start the new year in Red
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We finally got a more normal week. Our lunar Green Period has started, so this should help generate a bit of a year end rally. Let’s have a look at the current chart for S&P 500 Index (click for larger image). The market is trapped in a narrowing triangle formation. We have room to rise
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Markets stagnated near the resistance levels we mentioned last week, and seem to be going down at today’s opening. We have a few more lunar Red period days to go, but we can start looking ahead for the next Green period already. Let’s take a look at the current chart for the Nasdaq (click for
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Another strange week, now with the market swiftly surging back to its October highs. Volatility remains high, and any news item can turn things around quickly. Let’s have a look at the chart for the S&P 500 Index (click for larger image): We are back near the important 1250 support/resistance level. A break above 1275
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Another very bad week in the markets. Since the 2600 support level in the Nasdaq was broken, stocks have continued to go down day after day. A retest of the September lows is now becoming a very realistic possibility. Our lunar Green Period is about the end, but it is going to be a very
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The lunar Red Period ended with a 80 point loss for the Nasdaq. So that’s in line with our moon cycles. Meanwhile a new Green Period has begun, but the markets continue to go down and the Nasdaq has dropped below the important 2600 level. This means we are getting signs of weakness once again.
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We got another dip last week, and once again the Nasdaq bounced back from the 2600 support level. The lunar Red Period is about to end, and so far the market has held up pretty well, despite a lot of bad economic news. This means the path of least resistance could be quietly turning up.
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We got some serious downside action last week, with the Nasdaq touching the important support level at 2600. We have another week of lunar Red period to go, so this correction may not be over. The markets remain very connected to day to day political news, mostly related to the European debt crisis, so this
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Not a bad week. The Nasdaq has gained 70 points in the lunar Green Period that just ended. But as we mentioned last week, we are probably running into resistance at these levels, and with a new lunar Red Period now starting I expect the market to give back some of these gains. October was
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LunaticTrader Blog 