Category: Market Commentary

We got another upswing, and the S&P 500 index has reached the 1400 level. Now what next? Longer term I think the market will go higher, but for the near term I am becoming less optimistic now. Let’s have a look at a somewhat longer term chart for the Nasdaq index (click for larger image):… Continue reading Looking for a top here

The market briefly dipped down last week, but as we already suggested in our comments, buyers came in very quickly to buy the dip. Overall the lunar Red Period that just ended has produced a slight upside, which implies that the upside momentum remains intact for the moment. While we still could get another dip… Continue reading Up again?

Markets remain stuck near major psychological levels, but so far we do not see much downside action. With another week of lunar Red Period to go, I am still looking for a dip this week. Let’s have a look at the Nasdaq chart again (click for larger image): The Nasdaq briefly touched the 3000 level,… Continue reading Hesitating but not breaking

The markets have stagnated near major resistance levels, right in line with our comments last week. We are now entering a new lunar Red Period again, so let’s see if we get any downturn. Here is the current chart for the S&P 500 Index (click for larger image): This index has now reached back up… Continue reading Ready for a dip

Markets have continued upwards, and some major stock indices are coming close to psychological barriers (13000 for the Dow Jones, and 3000 for the Nasdaq Composite). With another week of lunar Green period coming up I am looking for a short term top, and thus an opportunity to take some profits. The market has had… Continue reading Sell the Greek bailout