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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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Stocks moved higher last week and so far giving no signs of a top. We will have extreme lunar declination after the close today. So a swing high may be made today or on tomorrow’s open. We are still in the Full Moon period, so weakness in stock prices remains in the cards. If stocks
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Stocks struggled all week long but the Nasdaq eventually ended with small gains. So far this New Moon period has produced only weak upside action, which suggests that the path of least resistance for stocks is still down. Tuesday or Wednesday could mark the top of recent rebound, and next we will enter a Full
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We got our expected upside action last week, but the market turned over on the Latitude Extreme on Wednesday and we ended the week slightly in the red. We get extreme Lunar Declination today. So this could easily turn the markets up again, especially since we are still in the New Moon period, which usually
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The key dates we posted last month were quite interesting. The cluster of planetary extremes around mid-month (7, 8, 9 and 13 January) marked off the topping process in a lot of markets. Here is the list with planetary extremes dates for February. We have only 3 this month, and two of them will come
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Last week’s prognosis was right on the mark. Tuesday marked a rebound high and next stocks continued lower, finishing with strong losses for the week. We got Full Moon and Perigee over the weekend, and this week we will enter the more positive new Moon period. Look for some upward action with some stocks trying
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Markets behaving as expected with a strong downward move last week. The long term uptrend line is now clearly broken, which means we could easily be at the start of a prolonged downtrend. Hold on to short positions if you took them. We will get peak lunar Declination on Tuesday, which may well mark some
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LunaticTrader Blog 