Category: Market Commentary

“A 73% gain on SBIB, 63% profit on KEYN, 51% on LINTA, 49% on EP,… in less than 9 months.” It could be the opening lines in a teaser mail for some expensive stock picking newsletter. But the point is, this are some of the random stocks we bought for our 2 experimental portfolios on… Continue reading About buying random stocks

The stock market keeps going up as if there is only one way to go. Bad news can only take it down for one day, or sometimes even only half a day. The Nasdaq has become as dependable as a Swiss clock. But, this too will pass. The last time markets went up in similar… Continue reading Outlook February 14

The Green Period produced an 80 point gain on the Nasdaq. Not bad. Now our lunar phases go into Red Period again, which means the odds favor a pause or downside correction in the next couple of weeks. Let’s take a look at the current chart for S&P500 (click for larger image): We seem to… Continue reading Outlook February 7

The Nasdaq did climb back to 2750, as we indicated last week, then fell steeply on Friday. We have been warning for an imminent downturn, as indicated on the charts. This could well be the start of a multi-month slide. We have come a long way since last August, but we need to remember that… Continue reading Outlook January 31

We finally got some downturn in the stock market. The Nasdaq has lost 14 points in the most recent Red Period. We remain at a critical juncture in many charts. It looks like last week’s break out to the upside is failing, and we are now sitting on important support as you can see in… Continue reading Outlook January 24