See latest Wall Street, Next Week (
as well DMC (Daily Market Commentar)y and Futures Pages for premium WSNW
subscribers for updates April 22-28.)
It is NOW time to Start (today, tomorrow and until the end of Next Week), but while the dance number (CHA CHA) should change before the end of the month, don’t expect Bull to give up without a fight.
Investors: Hold stocks you want to hold until Q4 2010 and 2011- Sell, Stop or Protect the rest short/intermediate term.)
4/21 MARKERS DJIA 11024 SPX 1208 NASDAQ 2508
4/21 DAY HIGH DJIA 11054 SPX 1210 NASDAQ 2510
4/21 EOD: DJIA 11124 SPX 1205 NASDAQ 2505
4/22 LOW DJIA 11016 SPX 1190 NASDAQ 2468
4/22 EOD: DJIA 11134 SPX 1208 NASDAQ 2510
4/23 EOD
DJIA 11204 SPX 1217 NASDAQ 2530
5/06 LOW DJIA 9872 SPX 1065 NASDAQ 2185
5/06 EOD: DJIA 10520 SPX 1128 NASDAQ 2319
10.40 am Short term
traders should be locking in profits now. Dow 10411 SPX 1116 Nasdaq 2250.
However
while markets should be lower, intermediate term traders should also be ready
to take or lock in profits. And then reshort as markets warrant (higher e.g. Dow 10600-10800 or lower).
Investors:
No point in buying THIS market as we expect lower over the next few months.
NOTE; WE
ARE TESTING THE OBVIOUS 2009 CLOSE NUMBERS. WHILE THEY SHOULD BE BROKEN (GO
LOWER), THERE IS PLENTY OF PROFIT AND SOME SHOULD BE TAKEN OR LOCKED IN.
WSNW ALERT: “While both will be higher late on, it is time to lock in, take profits
on some if not a lot of Silver, Gold and Oil positions.
Premarket May 7th:
Next week they may reverse and then be prepared to go long again
thereafter.
You can therefore write
calls, place profit stops, take some profits etc. Maybe they won’t correct, but
maybe they will.
Consider the same for
the market stocks today or tomorrow as well if you have not… unless you believe
the market is going straight to 8760 and THEN higher!
WSNW ALERT: While both will be higher late on, it is time to lock in,
take profits on some if not a lot of Silver, Gold and Oil positions.”
|
MARKER Dow 8560 SP 928
NAS 1770 XOI 972
XAU 138.50 |
|
5/7 EOD 8409 907 1716 944 133 |
|
5/8 EOD 8574 929 1739 986 138 |
READER: this looks just like
1974 which means the market should have only about 5-10% downside bottom rally
then retest in December
HW: except retest in
November.
JNJ is cheap. GE is
cheap. IBM is reasonable. Note: Watch GE and IBM are market bell weathers. GE
above 20 and IBM above 90and market is “safe”. Under 18 and 85 dangerous. In
between wild.
We are buying more
stocks as we hit 8000. While 7500 and 7800 is possible, it is silly
seasons.
However use NO margin
and leave plenty of cash for the final bottom. Still this is why we said hold
cash and wait.
Stop
waiting and start buying slowly!
This morning the Dow is above the
9650 October 2003 low. Short term traders should lock in profits. By/before
Wednesday MOC, we expect to be short.
However, last Friday’s bottom COULD
hold until the
My advice: Take or protect ½ or 1/3 of your Friday profits Today and Tomorrow.
Market high near the opening Dow 9783 SP 1044 & NAS 1896 shortly followed by a 700 pt Dow drop (146 Nas, 93 SP) that day!
WSNW Note: 4:40 am 10/16 Short term (this week) we think the bottom is in- we have been buying since market close yesterday
Yesterday we recommended covering
shorts and going long MOC but as usual be VERY careful. And There are still
more dangers ahead, however, this WEEK I think the worst is
over.
ASTROLOGY ROCKS: BUY on Friday circa 8000 sell on Monday circa 9600 SARS
(cover and go long yesterday MOC circa 8550).
FIRST COMFORTABLE BUY
ZONE WAS DOW 11750 TO 12250
NASDAQ FIRST POTENTIAL DOWNSIDE TARGET IS
2331.
NEXT TARGET NUMBERS
ARE CIRCA 2005 CLOSE: 10931* NAS 2273 SPX
1272
*11500 may
hold….
TODAY WE ARE BUYING BUT AT BETTER
NUMBERS THAN WE EXPECTED – MARKETS CAN STAY DOWN BUT THEY WILL BE UP TOMORROW
(NOT OVERNIGHT NECESSARILY) AND A SHORT TERM BOTTOM IS IN.
COMMIT ABOUT 25-30% OF CASH. NO MORE.
13 Minutes larger at 8:20 am THE FED "SURPRISED MARKETS WITH A 0.75% RATE CUT. THE RESULT BY THE END OF THE WEEK?
JANUARY 23RD 9 AM NEXT DAY FOLLOW UP 1
at 11:58 am FOLLOW UP 2
We are now now BUYING NASDAQ STOCKS QQQ ETC. USE STOPS COMP NOW 2233 QQQ 42.29
Either nas 2200,2225 or 2250 SHOULD
BE THE BOTTOM. IF NOT WATCH OUT.
Again keep plenty of cash but a
bottom could well be in especially if markets close
positive.
THE RESULTS?
U.S.
Stocks Post Biggest Weekly Gain in Five Years
CURRENTLY UNDER $6.
25.
THIS COULD BE 50-100% INCREASE IN
60-90 DAYS ON TRUE VALUATION!
WE THINK A SUPER STEAL HERE. WE HAVE BOUGHT HIGHER AND RECOMMEND BUYING HERE IF APPROPRIATE FOR YOUR PORTFOLIO.
TRACK INVESTING ALERTS AT OUR STOCK OF THE MONTH CLUB POST
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