Category: Market Commentary

A dramatic drop reversed all of the recent gains in most stock indices. This means our sign of strength is negated and we have to watch out below. There is no reason for panic however, since we are still holding support provided by the August lows. Here is the current chart for the S&P index… Continue reading Outlook 26 September

Stock rose strongly all week, a dramatic turnaround from last week’s losses. As a result the recent lunar Red Period ended with a 28 point gain on the Nasdaq, and this is the strongest Red Period we have seen since early February, when the market was still in bullish mode. While this doesn’t guarantee that… Continue reading Outlook 19 September

Downside pressure in the market has continued, but we remain well above the recent lows. As long as we hold above the August lows things look OK and a good base is being built from which a next advance could start. Here is the updated chart for the S&P 500 (click for larger image): Lunar… Continue reading Outlook 12 September

Markets peaked almost exactly with the end of lunar Green Period, and are now dropping down again. As we have been telling for weeks, don’t be too quick to get back in because a retest of the recent lows is quite likely. Let’s take a look at the current chart for the Nasdaq Index (click… Continue reading Outlook 6 September

Markets recovered last week and we are now close to breakeven for the current lunar Green Period. With a couple more Green Period days coming up I think the S&P will get above 1200 again, but what comes next remains to be seen. Here is the updated S&P 500 chart (click for larger image): Market… Continue reading Outlook 29 August