Category: Market Commentary

Not a bad week. The Nasdaq has gained 70 points in the lunar Green Period that just ended. But as we mentioned last week, we are probably running into resistance at these levels, and with a new lunar Red Period now starting I expect the market to give back some of these gains. October was… Continue reading Outlook 31 October

The market has been going sideways with some upward bias last week. In line with our expectations. Let’s take a look at the current chart for the S&P index (click for larger image): The S&P index closed the week at its highest level since early August. With another week of lunar Green Period coming up… Continue reading Outlook 24 October

Stock markets have been in melt-up mode since they touched our downside targets a few weeks ago. As a result the recent lunar Red Period finished with a 187 point gain for the Nasdaq. This is very unusual and we will now have to look whether the market can build on those gains. Our lunar… Continue reading Outlook 17 October

Our downside targets were reached this week (2300 on Nasdaq, and below 1100 on S&P), and it triggered strong buying that sent the markets back up. We remain in a high volatility environment. Remember, back in May, when we wrote this about the news of Bin Laden’s death: “…unexpected good news that comes after a… Continue reading Outlook 10 October

Another very volatile week. The market tried to go up, as we expected, but failed and fell back rather fast. As a result the recent lunar Green Period recorded a 127 loss on the Nasdaq. This is the worst Green Period since we started this blog. It means the market continues to act very weak,… Continue reading Outlook 3 October