Category: Market Commentary

More downside pressure was evident in the stock market last week, but a nice rebound already started in the final hours of trading on Friday. The July lows were not broken to the downside, so we have to consider that we may be in an ongoing up trend for the moment. With a Green Period… Continue reading Outlook August 30

Stocks traded largely flat last week. With another week of Red Period coming up we may still get a retest of the early July lows. But as days pass by we will have to start positioning ourselves for the next Green Period. It appears to me the July lows will hold, and we will be… Continue reading Outlook August 23

Stock markets turned down quite sharply, as we had indicated last week. The uptrend was broken on the day of Lunar distance extreme (perigee) The S&P500 index has dropped to 1080 already. This means we have seen a very weak Green Period (down 62 points on the Nasdaq) come on the heels of a flat… Continue reading Outlook August 16

Markets advanced last week, but the move seems to be staling around 2300 on the Nasdaq, 1130 on the S&P500. With a few Green Period days left this week we could try the upside again. But I would use any up day to take profits on long positions and get ready for the next Red… Continue reading Outlook August 9