Category: Market Commentary

Another strange week, now with the market swiftly surging back to its October highs. Volatility remains high, and any news item can turn things around quickly. Let’s have a look at the chart for the S&P 500 Index (click for larger image): We are back near the important 1250 support/resistance level. A break above 1275… Continue reading Outlook 5 December

Another very bad week in the markets. Since the 2600 support level in the Nasdaq was broken, stocks have continued to go down day after day. A retest of the September lows is now becoming a very realistic possibility. Our lunar Green Period is about the end, but it is going to be a very… Continue reading Outlook 28 November

The lunar Red Period ended with a 80 point loss for the Nasdaq. So that’s in line with our moon cycles. Meanwhile a new Green Period has begun, but the markets continue to go down and the Nasdaq has dropped below the important 2600 level. This means we are getting signs of weakness once again.… Continue reading Outlook 21 November

We got another dip last week, and once again the Nasdaq bounced back from the 2600 support level. The lunar Red Period is about to end, and so far the market has held up pretty well, despite a lot of bad economic news. This means the path of least resistance could be quietly turning up.… Continue reading Outlook 14 November

We got some serious downside action last week, with the Nasdaq touching the important support level at 2600. We have another week of lunar Red period to go, so this correction may not be over. The markets remain very connected to day to day political news, mostly related to the European debt crisis, so this… Continue reading Outlook 7 November