Christopher Carolan on Financial Markets & Lunar Cycles
That plan. A Team style.
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The rally appears unfinished.
Any seasonal analyst worth his salt will tell you May is historically a bad month for stocks. But any given May may not be poor. How do you tell? That's where the moon comes in!
Dramatic range-bust bar signals in both gold and silver. These signals occurred on a day prices were at multi-month lows.
We're once again on VIX watch for a potential signal, perhaps later this week. That and a round-up of all the charts is inside for subscribers.
Is an eclipse low in place?
Our VIX model gave a signal today. Our usual caveat that these signals are often early applies, though the recent sell was quite timely.
Tuesday's early morning total lunar eclipse is on our calendar as a potential emotional market low. That said, we're seeing longer-term sell signals generated now.