Investing with the Moon

Outlook 15 February

Posted by Danny on February 15, 2010

Stocks struggled all week long but the Nasdaq eventually ended with small gains.
So far this New Moon period has produced only weak upside action, which suggests that the path of least resistance for stocks is still down.
Tuesday or Wednesday could mark the top of recent rebound, and next we will enter a Full Moon period.
So look for a chance to take profits, or enter some short positions near the possible peak.
Protect shorts with a stop-loss just above whatever highs we reach between now and Wednesday’s close.

No Lunar cycle extremes coming up for this week, but next week will be more busy.

Good luck, Danny

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