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We got our rebound, and a peak was made on Thursday, the New Moon Day. Heading into Red Period there is now considerable risk for an extended move to the downside, especially since we are coming out of 13 months of nearly uninterrupted rise in the markets. Be very careful, and better keep some protection
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Interesting week we got. A strong downturn started with the Pluto planteray extreme on Tuesday morning, and stocks have fallen right into the Black Period. There was a geomagnetic storm last Sunday evening, which also contributed to downward pressure last week. You can always monitor for geomagnetic storms on our website: https://lunatictrader.wordpress.com/?Geomagnetic_Storms Going forward we
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We finally got some serious down days last week. The most recent “Red Period” has produced a 20 point loss for the Nasdaq Composite Index. The stock market has been largely flat throughout the period, which means the market continues to display signs of strength. We are now set for another rally attempt and possible
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Downside action is very mild so far. The Nasdaq successfully kept above the 2450 level. The market is even attempting at new highs again. We may still get a sudden drop this week, with Full Moon coming tomorrow. But chances are increasing that this rally will continue into mid-May. Why are the stocks so resilient?
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Looks like we got our peak last Thursday. A Nasdaq drop below 2450 would confirm the probable end of this move that started last February. Expecting more downside pressure on stocks for the rest of the month. Initial downside targets for Nasdaq are 2300 and next 2200. Regards, Danny
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The markets have climbed and are sitting right at the resistance levels we mentioned last week. The question now becomes whether we can break decisively above these resistance levels, and then stay above…? Wouldn’t surprise me if the New Moon on Wednesday brings a peak, followed by downside action for the rest of the month.
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There was a geomagnetic storm yesterday, the second one of this year. (See what it means on our site: https://lunatictrader.wordpress.com/?Geomagnetic_Storms ) The previous one came in January, just at the onset of a 10% decline in the markets. We may be in for a similar scenario now. The recent rally is getting long in the
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It has taken somewhat longer than estimated (mainly because of personal events), but the Lunatic Trader software is finally available for download. The good thing is that it has given us time to add more materials, and in the past months you have been able to see on this blog how we work with the
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Stocks turned in another flat week and now we are going into the New Moon period, a more positive period for stocks. The market showed resilience over the past two weeks, so we are likely see a new push higher over the coming days. Thursday will give us a Lunar Distance Extreme, and next week
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Stock held up pretty well last week, although momentum is clearly waning. Nasdaq pushed as high as 2430, but ended the week little changed. The Full Moon period has not produced any meaningful pullback so far, which is a sign of strength going forward. Full Moon will come after today’s close, so we could still
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