LunaticTrader

Investing with the Moon

Weekly Reversal Levels for May 30, 2015

Posted by Danny on May 30, 2015

Keeping an eye on the bigger picture once a week is helpful because trading in the direction of the weekly trend has better odds of being profitable. Below are the weekly reversal levels for over 1500 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

For shorter term trading and more optimal entries you can use our daily reversal levels, which are available every day as premium info on Scutify.com for just a few $. The current version is a 54 page PDF with the latest reversal levels and buy or sell signals for over 1500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

Trade smart, Danny

Note: If you have any trouble to see the presentation below, or if you want to download the PDF file for offline use, then you can click here.

Posted in Market Commentary | Tagged: , | Leave a Comment »

Inching up

Posted by Danny on May 26, 2015

The S&P 500 reached new record highs last week, the Nasdaq is coming very close to a new all time highs as well. Some consolidation after the recent rally is normal, and we are in a new lunar red period. A further rise in June is likely if the market doesn’t give back too much of its gains in the coming weeks.
Let’s have a look at the S&P 500 chart (click image to enlarge it):

S&P500

My indicators are still fairly neutral with the Earl turning down slightly and the slower Earl2 going up after printing a very shallow bottom. Next resistance is near the 2200 level, but a drop back below 2100 would make last week’s highs look like a failed breakout. This can go either way, but it remains a market that is inching higher until proven otherwise. This is the kind of situation that demands patience and “go along with what comes along”.

Happy trading,
Danny

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Outlook for Week of May 25, 2015

Posted by Danny on May 24, 2015

Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode.

If you have any trouble to see the presentation below, then you can also click here.

Happy trading, Danny

Posted in Market Commentary | Tagged: , | Leave a Comment »

Weekly Reversal Levels for May 23, 2015

Posted by Danny on May 23, 2015

Keeping an eye on the bigger picture once a week is helpful because trading in the direction of the weekly trend has better odds of being profitable. Below are the weekly reversal levels for over 1500 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

For shorter term trading and more optimal entries you can use our daily reversal levels, which are available every day as premium info on Scutify.com for just a few $. The current version is a 54 page PDF with the latest reversal levels and buy or sell signals for over 1500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

Trade smart, Danny

Note: If you have any trouble to see the presentation below, or if you want to download the PDF file for offline use, then you can click here.

Posted in Market Commentary | Tagged: , | Leave a Comment »

The start of a big move

Posted by Danny on May 18, 2015

Stocks have continued to push higher and are close to new record highs once again. We remain in a lunar green period until later this week, so chances are we will climb to new highs in several major market indexes. Let’s have a look at the Nasdaq chart (click image to enlarge it):

Nasdaq

The Nasdaq appears to be breaking out from its large rising wedge pattern. The breakout is to the downside, but we start seeing signs that the market is reversing already, potentially handing us a failed breakout. If the market is really weak, we should have seen a drop to the 4800 support level before seeing some rebound attempt. But buyers didn’t even wait for 4800 and already stepped in at 4900. That is a sign of strength and must be frustrating traders with bets to the downside.
We are still likely to get a big move within the next months, but the odds are increasing that the move will be up rather than down. I now estimate about 60% chance that the move will be up. What could trigger another big rally? Well, bonds have seen a significant global sell-off in recent weeks. That means that all the QE related buying in the world was easily overcome by even larger bond sales. What are those sellers going to do with their new cash? Put it back into the bond market are near zero yields? Not likely. Some of that money is going to find its way into stocks, especially if they break out to the upside after almost 6 months of sideways action.
When ultra low rates start being seen as something semi-permanent the average p/e level of stocks tends to climb to 30 rather than its more normal 15-20. At some point retail investors start realizing that bonds yielding 2% are basically trading at a p/e of 50 , so stocks with a p/e of 20 start looking comparatively cheap. When small investors start selling bonds and buying stocks we will have entered the last explosive stage of a long bull market.

Trade well,
Danny

Posted in Financial Astrology, Market Commentary | Tagged: , | Leave a Comment »

Outlook for Week of May 18, 2015

Posted by Danny on May 17, 2015

Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode.

If you have any trouble to see the presentation below, then you can also click here.

Happy trading, Danny

Posted in Market Commentary | Tagged: , | Leave a Comment »

Weekly Reversal Levels for May 16, 2015

Posted by Danny on May 16, 2015

Keeping an eye on the bigger picture once a week is helpful because trading in the direction of the weekly trend has better odds of being profitable. Below are the weekly reversal levels for over 1500 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

For shorter term trading and more optimal entries you can use our daily reversal levels, which are available every day as premium info on Scutify.com for just a few $. The current version is a 54 page PDF with the latest reversal levels and buy or sell signals for over 1500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

Trade smart, Danny

Note: If you have any trouble to see the presentation below, or if you want to download the PDF file for offline use, then you can click here.

Posted in Market Commentary | Tagged: , | Leave a Comment »

The lunar cycle is working too well

Posted by Danny on May 11, 2015

The Nasdaq recorded a 68 point loss in the recent lunar red period. This keeps up the perfect record for the lunar cycle in 2015 so far:

lunar cycle

In fact, since April last year there has been only one green period in which the Nasdaq went down, an 80 point loss in September 2014. In the last 13 green periods the market went up 12 times. Looking at the red periods since April last year, the market went up only 5 times out of 14 periods. We have been keeping track of all green and red periods since we started this blog in 2009, and you can always look up the results on our lunar cycle tracking page.

Whenever the lunar cycle has this kind of winning streak I start getting more emails, and more people start talking about it on forums, and many start using this cycle because they think they have found some kind of holy grail. That’s all very nice, but especially for newer readers I want to repeat: this is NOT the time to start using lunar cycles if you have never used them before. There is no reason to believe that this system will keep performing as it has done in the last 12 months, because historically the lunar cycle has worked only 60% of the time, not 90% or 100% of the time.
The best time to start using a new method is always when it has just had a mediocre or bad period. Just like it is generally not a good idea to chase the market, it is better not to chase methods either.

Stocks had a strange week, coming under pressure early on and ending the week with a strong surge. Here is the current S&P 500 chart (click image to enlarge it):

S&P 500

The market has gone sideways since February. The range continues to narrow. As I said last week, a breakout is imminent. But which way? Friday’s surge doesn’t really solve the puzzle. And my indicators have all converged towards the neutral line, not giving clear direction either way.
We are in a new lunar green period, which normally favors a move to the upside. But maybe it is time for the lunar cycle to miss a beat? This is the kind of situation where I prefer to wait until the market shows its hand.

Be well,
Danny

Posted in Financial Astrology, Market Commentary | Tagged: , | Leave a Comment »

Outlook for Week of May 11, 2015

Posted by Danny on May 10, 2015

Outlook for world markets with my comments for next week. Click the “Expand” button (bottom right) to watch in full screen mode.

If you have any trouble to see the presentation below, then you can also click here.

Happy trading, Danny

Posted in Market Commentary | Tagged: , , | 2 Comments »

Weekly Reversal Levels for May 9, 2015

Posted by Danny on May 9, 2015

Keeping an eye on the bigger picture once a week is helpful because trading in the direction of the weekly trend has better odds of being profitable. Below are the weekly reversal levels for over 1500 stocks and ETF. Click the “Expand” button (bottom right) to watch in full screen mode.

For shorter term trading and more optimal entries you can use our daily reversal levels, which are available every day as premium info on Scutify.com for just a few $. The current version is a 54 page PDF with the latest reversal levels and buy or sell signals for over 1500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.

Trade smart, Danny

Note: If you have any trouble to see the presentation below, or if you want to download the PDF file for offline use, then you can click here.

Posted in Market Commentary | Tagged: , | Leave a Comment »

 
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