Category: Market Commentary

Markets stagnated last week, but still ended the lunar Red Period with handsome gains. This indicates the path of least resistance is still up. We are now entering a lunar Green Period again, favoring further gains, but how much can we expect after the recent rally? Let’s have a look at the current chart for… Continue reading Short term peak

The market doesn’t seem to stop for anything and just goes higher, with some indices even reaching 11 year highs. We have been warning for this break to the upside since mid December, and now we have to wonder how far it will carry. So far our lunar Red Period has not produced any downside… Continue reading Too far too fast?

The expected pause in the markets seems to have started. This has been a very nice rally since mid December, so some hesitation is very normal now we approach major resistance levels. Let’s have a look at the current chart for S&P 500 (click for larger image): Our lunar Red Period has started, so I… Continue reading Market pausing

The market has continued to edge higher. We are coming close to overhead resistance levels, so I think the upcoming lunar Red Period will be the start of a pause in the market. Let’s have a look at the current Nasdaq chart (click for larger image): The stocks have risen more than 10% since mid-December.… Continue reading So far so good

The market is gradually breaking out to the upside. Now we should look for follow through in the coming weeks. Here is the current chart for S&P 500 Index (click for larger image): The market has climbed just above the recent October highs, but seems to be hesitating at those levels. The current lunar Green… Continue reading Needs follow through