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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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The Nasdaq briefly touched the 2400 level on 17th March, a date we singled out in our March 1 Outlook already. With the Full Moon period now starting, we look for a negative bias in the stock markets over the next couple of weeks. There is extreme Lunar Distance today, before the US markets open.…
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Stocks have continued to push upward and the Nasdaq is already closing in on 2400, as we indicated last week. While we may have topped out with Friday’s Lunar Distance extreme, we have a few more days that could mark a peak coming up this week. There is the New Moon today, and Wednesday we…
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Stocks have pushed higher and are already testing the January highs, as per our forecast last week. Wouldn’t surprise me if we see some hesitation this week, and probably some down days mid-week. We have extreme Lunar Distance coming up on Friday morning, and that could give the signal for another push higher into next…
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Stock markets put in a high on Monday’s Declination extreme. But the downside action has been very mild, producing a relatively flat week. Early Wednesday we will get extreme Latitude and the start of the next New Moon period. Given that our Full Moon period and a number of bad economic news reports did not…
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