December09-week3
Posted by Danny on December 14, 2009
The market didn’t move much last week.
The recommended trade was stopped out for a small loss.
So far the period heading into New Moon, normally good for stocks, has resulted into little or no upside move.
This could signal weakness ahead.
Next Wednesday we will have New Moon and an extreme Declination. That will be a potential turning point.
If markets make a new high on Wednesday or early Thursday, I would take it as an opportunity to sell.
Keep a stop-loss just above the highs if you take this trade.
Good Luck
Danny VdB
Like this:
Like Loading...
This entry was posted on December 14, 2009 at 9:14 am and is filed under Market Commentary.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
December09-week3
Posted by Danny on December 14, 2009
The market didn’t move much last week.
The recommended trade was stopped out for a small loss.
So far the period heading into New Moon, normally good for stocks, has resulted into little or no upside move.
This could signal weakness ahead.
Next Wednesday we will have New Moon and an extreme Declination. That will be a potential turning point.
If markets make a new high on Wednesday or early Thursday, I would take it as an opportunity to sell.
Keep a stop-loss just above the highs if you take this trade.
Good Luck
Danny VdB
Share this:
Like this:
This entry was posted on December 14, 2009 at 9:14 am and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.