Category: Market Commentary

The start of lunar Green Period has not instilled new confidence in the market, and we are back to testing the recent lows. Let’s see if things improve this week. Here is the current Nasdaq chart (click for larger image): I think we will see another rally attempt in the remainder of the current Green… Continue reading Outlook 23 August

After a very volatile week the market is actually not down very much for the week. But once again we could see that staying out in lunar Red Periods is good for the heart. We have a few more Red Period days to come, but I don’t think it will take us to new lows.… Continue reading Outlook 15 August

The relief rally was very short last Monday, it didn’t even last for a day. We warned for a downward acceleration if the S&P dropped below 1285. That’s what we got and we find ourselves below 1200 at the time of this writing. The path of least resistance is now clearly down. Here is our… Continue reading Outlook 8 August

The market was kept in check by political uncertainty last week, but it looks like we will get some kind of relief rally today. The lunar Green Period is about to end, so the rally could be rather short lived: day(s) rather than weeks. Here is the updated chart for the S&P 500 Index (click… Continue reading Outlook 1 August

Markets rose quite nicely last week, giving us a good start for the current lunar Green Period. Here is the updated chart for the Nasdaq Index (click for larger image):   Long term uptrend remains intact. Look for the market to try to push above 2900 this week. Failure to do so would send out… Continue reading Outlook 25 July