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run!
US. stocks retreated the next day Friday, with the DJIA snapping a 10-session winning streak not seen since November 1996 sell off on disappointing consumer sentiment.
March 17 CYPRUS BANK BOMBSHELL!
There is significant market risk now into the end of the month.
Reasons: 1) Astrology 2) Washington politics 3) Technicals
Don’t hide under the bed- Act accordingly.
MOC 2/22 DJIA 14000 SPX 1515 NAS 3175
Dow industrials suffer their worst day since
November
MOC 2/25 DJIA 13784 SPX 1487 NAS 3139
Today ‘markets should be very interesting- Those of you that are raising liquidity may wish to sell today's rally.
We will give our analysis in this week’s WSNW over the weekend, but today may be a good opportunity to prune your portfolio or write March or June calls on long term holds.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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