Category: Market Commentary

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?… Continue reading Outlook April 27

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

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.… Continue reading Outlook 12 April

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

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