Category: Market Commentary

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

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