Category: Market Commentary

So far the market is not bothering about being in Red Period. The Nasdaq has kept going up last week, and is now breaking out above the trendline we have been mentioning for a while. Here is a somewhat longer term Nasdaq chart showing it clearly (click for full size image): So what do we… Continue reading Outlook January 17

The most recent Green Period produced a 38 point gain on the Nasdaq. 16 of the last 18 Green Periods have now been profitable. Check out our performance page for a complete overview. The market remains at a very interesting juncture. The Nasdaq tested the 2700 level, as we expected, but that level was not… Continue reading Outlook January 10

Happy New Year. We got a flat week in most markets, as we have indicated in our last Outlook. We are now getting another week of Green Period, so look for markets to start the year on a positive note. But this chart is telling us that we better use any new highs to take… Continue reading Outlook January 3

Markets held very steady last week. No noticeable downturn was recorded in the previous Red Period, which suggests that the path of least resistance remains UP. I know it gets boring to repeat that over and over, but the stock market can be quite boring over long stretches until it takes everyone by surprise with… Continue reading Outlook December 27

Looks like we are going through a flat Red Period. Stock are clearly hesitating near the resistance levels we posted in previous weeks, but the market refuses to go down. We could see some further weakness this week, as we remain in a Red Period, but I would use any down days to lighten up… Continue reading Outlook December 20