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
Outlook 12 April
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
Geomagnetic Storm
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
Software available
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… Continue reading Software available
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
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