Category: Market Commentary

We see how the market tried to continue upwards last week, but the move is bumping against the indicated resistance levels. The S&P 500 briefly rose to 1157 on Thursday, only to sell off almost 2% immediately. Going forward we remain in Green Period this week, pointing to an upward bias, but the question is:… Continue reading Outlook October 4

Markets briefly paused last week, but still ended very strongly on Friday. This has been one of the strongest Red Periods we have seen in a long time, with the Nasdaq adding 139 points. So, clearly the path of least resistance is up for the moment. You may remember what we wrote back in August… Continue reading Outlook September 27

Stocks have kept up surprisingly well last week, but still there is no decisive break above the recent resistance levels we have mentioned. I think this market will need to catch some breath before it can move much higher, and quite likely we will see that pause coming up this week. As long as the… Continue reading Outlook September 20

This is an update on the chart we first posted in our Outlook July 26 Markets have gone on to play around trend lines that converge into late September-early October. Here is the current version for Nasdaq (click for larger image): Notice how the current rally that started in late August is climbing up a… Continue reading Interesting chart

We did get some additonal gains, as forecast last week, and closed out the Green Period with a 89 point gain for the Nasdaq. Not bad. Going forward we are moving into Red Period now, which means more caution is needed here. I guess we could still see the market head into the overhead resistance… Continue reading Outlook September 13