Category: Market Commentary

Stocks continued upwards last week, and the market seems to be stalling near the resistance levels we mentioned. We have another week of lunar Green Period to go, so we will see whether it can break any higher. Let’s have a look at the Nasdaq (click for larger image): Two weeks ago we mentioned an… Continue reading Marking time

Stocks have held up well in the recent lunar Red Period. Can the market build on this strength? Here is the current chart for the S&P 500 (click for larger image): Stocks ended the week very strong and we see a pattern of higher highs and higher lows, which indicates a rising market. We are… Continue reading Crossroads

The markets remain very difficult to read for the moment, and are largely moved by the day to day news. The stocks went up after initial weakness last week, once again giving us mixed signals. Let’s have a look for the current Nasdaq chart (click for larger image): Back in May we already warned for… Continue reading Shrouded in mist

Even though we got the rally we expected last week, the market gave back its gain on Friday. So, the recent lunar Green Period ended with a small loss, once again signalling weakness ahead. This means we have to be careful in the lunar Red Period that is getting underway. A quick look at the… Continue reading Chart of the week

Another up and down week with most indexes ending the week little changed. Our lunar Green Period is about flat so far, but there is another week to go. Here is the current chart for the Nasdaq Composite (click for larger image): The market briefly tested the support around 2850 and then rallied swiftly. It… Continue reading Mixed bag