Category: Market Commentary

Markets rebounded as expected and then accelerated to the downside as soon as our lunar Red period got underway. The recent Green period ended with a 63 point loss for the Nasdaq, and this suggests that the path of least resistance is down. The Nasdaq is now holding just above the important 3000 level, while… Continue reading The breaking point

We saw clear weakness in the stock markets last week, and the Nasdaq seems on its way to the 3000 level, as we suggested in this blog a few weeks ago. We remain in a lunar Green period for most of this week, so I think we will now see some rebound attempt. Here is… Continue reading Watch the 3000 level

Markets are trying the upside since the start of a new lunar Green period last week, but so far the move seems to lack conviction. After several strong lunar Green periods ( see our Performance page, which is now easier to read), we could be in for a weak one. The coming week will make… Continue reading Breaking the ellipse

Markets dropped last week, but the recent uptrend remains intact. Our lunar Red period has a couple more days to go, so we could see more weakness early in the week, but basically we are setting up for another rally attempt. Here is the current Nasdaq chart (click for larger image): I think there will… Continue reading October scare

Markets are stagnating since the start of our lunar Red period last week. No significant downside action has occurred so far, but there is more Red period to come. Let’s have a look at the longer term chart for the S&P 500 (click for larger image): This market has broken above an important resistance level… Continue reading Setting sights on new highs