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After a very volatile week the market is actually not down very much for the week. But once again we could see that staying out in lunar Red Periods is good for the heart. We have a few more Red Period days to come, but I don’t think it will take us to new lows.
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The relief rally was very short last Monday, it didn’t even last for a day. We warned for a downward acceleration if the S&P dropped below 1285. That’s what we got and we find ourselves below 1200 at the time of this writing. The path of least resistance is now clearly down. Here is our
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The market was kept in check by political uncertainty last week, but it looks like we will get some kind of relief rally today. The lunar Green Period is about to end, so the rally could be rather short lived: day(s) rather than weeks. Here is the updated chart for the S&P 500 Index (click
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Markets rose quite nicely last week, giving us a good start for the current lunar Green Period. Here is the updated chart for the Nasdaq Index (click for larger image): Long term uptrend remains intact. Look for the market to try to push above 2900 this week. Failure to do so would send out
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Just a quick note for this week. I think I also deserve some vacation time. Excellent results continue. The lunar Red period that just ended produced a 51 point decline in the Nasdaq. With lunar Green period now starting we are looking for the market to try the upside again. Will be back next week
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Sorry, being a couple days late this week. The market is clearly stagnating now, not surprising in a lunar Red Period. Here we have the current Nasdaq chart (click for larger image): Could be a potentially double top here, but a setback is not so surprising after such a steep rally. We remain in Red
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The market went up very nicely last week. This means we end up with a strong Green Period and the market may be setting up to move higher. Here is the current chart for the Nasdaq Index (click for larger image): The uptrend remains intact and we head into lunar Red Period this week, so
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Markets made a nice bounce , as expected, but gave back most of the gains by the end of the week. So far it looks like we are in for another weak lunar Green Period. We remain in Green Period, so I am looking for the market to try the upside again. But if the
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The Nasdaq dropped 116 points in the lunar Red Period that just ended. The market briefly touched the 2600 support level we mentioned last week. Here is the updated Nasdaq chart (click for larger image): Now going into lunar Green Period we should see some kind of bounce here. I am looking for
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Stock markets continued to decline last week, the start of a bigger move or just a temporary hiccup? Let’s have a look what our lunar cycles suggest. Here is an updated chart of the Nasdaq (click for larger image): This is a longer term chart showing the entire move from the March 2009 lows. Look
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LunaticTrader Blog 