Category: Market Commentary

It looks like we are having a very weak lunar Green Period. The market rebounded early in the week but has given up the gains already. This confirms that the path of least resistance is now down. Let’s take a look at the S&P 500 chart again (click for larger image): With a new lunar… Continue reading Weak

The Nasdaq has come down from its recent peak. As we said four weeks ago, the market is likely to become range bound between 3100 and 2900 for a while. That scenario appears to be on track. Let’s have a look at the current chart (click for larger image): We remain in lunar Green Period… Continue reading Correction has started

Markets have declined a bit, but nothing spectacular so far. Our lunar Red period is about to end, so we may be setting up for another push higher over the next couple of weeks. Let’s have a look at the current chart for S&P500 (click for larger image): Here we see the same long term… Continue reading Clouds but no rain

Markets came down a bit after a very strong close on Monday. Could this be the start of an overdue correction? We have another week of lunar Red period to go, so we will find out soon. Today we will have a look at a longer term chart for the Nasdaq (click for larger image):… Continue reading Who will sell in May?

The markets remain in a one way street and continue to display strength. Our lunar Green Period will be ending today, so I am looking for market weakness in the next couple of weeks. Let’s have a look at the current S&P 500 chart (click for larger image): The market is testing the upper boundary… Continue reading One way street