LunaticTrader

Investing with the Moon

Outlook 8 February

Posted by Danny on February 8, 2010

We got our expected  upside action last week, but the market turned over on the Latitude Extreme on Wednesday and we ended the week slightly in the red.

We get extreme Lunar Declination today.
So this could easily turn the markets up again, especially since we are still in the New Moon period, which usually gives a more positive bias for stocks.

The weak upside action so far, could be setting us up for another leg downward in the second half of February.
Some good chances to go short can be expected to come early next week.

Stay tuned, Danny

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