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… Continue reading Geomagnetic Storm
Category: Market Commentary
Outlook 5 April
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… Continue reading Outlook 5 April
Outlook 29 March
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… Continue reading Outlook 29 March
Outlook 22 March
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.… Continue reading Outlook 22 March
Outlook 15 March
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… Continue reading Outlook 15 March