Category: Market Commentary

An interesting week in the markets. Stocks rebounded sharply and regained all losses of the previous weeks. We now have a textbook reversed head and shoulder pattern in the S&P 500 Index (click for larger image): The odds are good for a break out to the upside here. Not only is our momentum indicator just… Continue reading Outlook April 25

Sorry for being a day late. Very busy for the moment. Markets are keeping up with our lunar cycles very well for the moment. The Nasdaq has dropped to near 2700, the target we set last week. With only a few more days of lunar Red Period to go we can start looking ahead for… Continue reading Outlook April 19

The Nasdaq gained 112 points in the most recent lunar Green Period. Since mid 2009 our Green Periods have produced a cumulative 881 point gain, while the Red Periods (expected weakness) saw a 51 point net loss. I think it’s quite amazing that this very simple strategy just keeps working, as it has done for… Continue reading Outlook April 11

Stock markets continued their rebound, as expected, but now we are coming close to overhead resistance levels. We have a few more lunar Green Period days to go, so a retest of the recent February highs is within reach, but I would use it to take some money off the table. The next lunar Red… Continue reading Outlook April 4

Another good week for our lunar cycles approach. The Nasdaq produced an 82 point decline in the last lunar Red Period. And now the market is rebounding swiftly. We mentioned last week that the Nasdaq would climb back to 2750 easily, and that’s where we are already right now. With more lunar Green Period days… Continue reading Outlook March 28