Category: Market Commentary

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

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