Category: Market Commentary

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

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