Category: Market Commentary

Markets made a nice bounce , as expected, but gave back most of the gains by the end of the week. So far it looks like we are in for another weak lunar Green Period. We remain in Green Period, so I am looking for the market to try the upside again. But if the… Continue reading Outlook June 27

The Nasdaq dropped 116 points in the lunar Red Period that just ended. The market briefly touched the 2600 support level we mentioned last week. Here is the updated Nasdaq chart (click for larger image):     Now going into lunar Green Period we should see some kind of bounce here. I am looking for… Continue reading Outlook June 20

Stock markets continued to decline last week, the start of a bigger move or just a temporary hiccup? Let’s have a look what our lunar cycles suggest. Here is an updated chart of the Nasdaq (click for larger image): This is a longer term chart showing the entire move from the March 2009 lows. Look… Continue reading Outlook June 13

We just finished a very weak lunar Green Period with the Nasdaq falling 70 points. This indicates that the path of least resistance has turned down, especially since the one year uptrend is now broken, as we already pointed out last weak. Look for continued action to the downside in the lunar Red Period that… Continue reading Outlook June 6

We got a flat week on the Nasdaq. Markets dropped on Monday and Tuesday, then recovered the losses by the end of the week. Technically we have now dropped out of the uptrend channel (click for larger image):     Basically we have a market that now has been going sideways since January, and is… Continue reading Outlook May 30