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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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The market has been going sideways with some upward bias last week. In line with our expectations. Let’s take a look at the current chart for the S&P index (click for larger image): The S&P index closed the week at its highest level since early August. With another week of lunar Green Period coming up…
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Stock markets have been in melt-up mode since they touched our downside targets a few weeks ago. As a result the recent lunar Red Period finished with a 187 point gain for the Nasdaq. This is very unusual and we will now have to look whether the market can build on those gains. Our lunar…
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Our downside targets were reached this week (2300 on Nasdaq, and below 1100 on S&P), and it triggered strong buying that sent the markets back up. We remain in a high volatility environment. Remember, back in May, when we wrote this about the news of Bin Laden’s death: “…unexpected good news that comes after a…
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Another very volatile week. The market tried to go up, as we expected, but failed and fell back rather fast. As a result the recent lunar Green Period recorded a 127 loss on the Nasdaq. This is the worst Green Period since we started this blog. It means the market continues to act very weak,…
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LunaticTrader Blog 