Category: Market Commentary

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

Just a quick note for this week. I think I also deserve some vacation time. Excellent results continue. The lunar Red period that just ended produced a 51 point decline in the Nasdaq. With lunar Green period now starting we are looking for the market to try the upside again. Will be back next week… Continue reading Outlook 19 July

Sorry, being a couple days late this week. The market is clearly stagnating now, not surprising in a lunar Red Period. Here we have the current Nasdaq chart (click for larger image): Could be a potentially double top here, but a setback is not so surprising after such a steep rally. We remain in Red… Continue reading Outlook July 13

The market went up very nicely last week. This means we end up with a strong Green Period and the market may be setting up to move higher. Here is the current chart for the Nasdaq Index (click for larger image): The uptrend remains intact and we head into lunar Red Period this week, so… Continue reading Outlook July 4