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Market action was pretty much as expected last week. Market is trying to recover and close to making a double top. With a couple more days of lunar Green Period to go the Nasdaq could add another 20 points or so, but I would use it as an opportunity to sell. A weak Green Period…
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We finally got some downside action last week. Hopefully you have used our advise not to buy this Green Period. The reason not to buy was probably clear for the users of our LunaticTrader program. This was the LunaticTrader chart for February: Around 17 – 19 February there was a rare cluster of lunar and…
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The recent Lunar Red Period ended with a 65 point gain on Nasdaq. So the stock market keeps displaying strength upon strength, and we have been getting some questions how this is possible. We will be trying to give some longer answer today. It is indeed weird that the Nasdaq seems to close with a…
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“A 73% gain on SBIB, 63% profit on KEYN, 51% on LINTA, 49% on EP,… in less than 9 months.” It could be the opening lines in a teaser mail for some expensive stock picking newsletter. But the point is, this are some of the random stocks we bought for our 2 experimental portfolios on…
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The stock market keeps going up as if there is only one way to go. Bad news can only take it down for one day, or sometimes even only half a day. The Nasdaq has become as dependable as a Swiss clock. But, this too will pass. The last time markets went up in similar…
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The Green Period produced an 80 point gain on the Nasdaq. Not bad. Now our lunar phases go into Red Period again, which means the odds favor a pause or downside correction in the next couple of weeks. Let’s take a look at the current chart for S&P500 (click for larger image): We seem to…
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The Nasdaq did climb back to 2750, as we indicated last week, then fell steeply on Friday. We have been warning for an imminent downturn, as indicated on the charts. This could well be the start of a multi-month slide. We have come a long way since last August, but we need to remember that…
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We finally got some downturn in the stock market. The Nasdaq has lost 14 points in the most recent Red Period. We remain at a critical juncture in many charts. It looks like last week’s break out to the upside is failing, and we are now sitting on important support as you can see in…
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So far the market is not bothering about being in Red Period. The Nasdaq has kept going up last week, and is now breaking out above the trendline we have been mentioning for a while. Here is a somewhat longer term Nasdaq chart showing it clearly (click for full size image): So what do we…
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The most recent Green Period produced a 38 point gain on the Nasdaq. 16 of the last 18 Green Periods have now been profitable. Check out our performance page for a complete overview. The market remains at a very interesting juncture. The Nasdaq tested the 2700 level, as we expected, but that level was not…
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LunaticTrader Blog 