Your Daily Bit of Wall Street Wit & Wisdom

new moon

New Moon, h/t space.com

“The same Nature which delights in periodical repetition in the skies is the Nature which orders the affairs of the earth. Let us not underrate the value of that hint.”
— Mark Twain

Stocks and commodities have long-term and short-term price cycles.  There are solar and lunar cycles. Awareness of these can provide important information for traders in timing potential trend changes.

The key is to understand that price cycles are approximate.  Watching how prices behave around key cycle dates can be a valuable tool for sensible speculators.  Used in combination with technical indicators, cycles add weight to the evidence.

We’ll see if yesterday’s new moon has an impact today.

Best regards,

Steve

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