1. SEPTEMBER MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. QUOTES
5. ON THE WEB
6. LETTERS  

1/A VERY BUSY WEEK AHEAD

       9/21 10.30 Housing Starts & 2.15 FOMC

                          9/22 FALL EQUINOX

                          9/23 FULL MOON & 10 AM EXISTING HOME SALES

                          9/24 NEW MARKET MARKER & 8.30 Durable Goods

This could lead to a highly volatile trading week. A recent Reuters poll of institutional investors and strategists found U.S. stocks are expected to make strong gains before year-end as worries about a second recession subside.  Will October Earnings and a classic October Crash delay with these expectations? Next week markets could move in either direction. The positive astro influences for the stock market in early September are ending (or over) as well as the market’s oversold condition. While we emotionally prefer the short side (we are closer to a market top than a bottom) we do NOT know which direction intermediate term is more likely until September 24.
 

FASHION & INVESTING PART II: New York Fashion Week offers glimpse of spring wardrobe

MUTED COLORS
 “Black is no longer the dominant color on the runways of the New York Fashion Week…White is the new black…while knock-out orange, fuchsia and cobalt are the season's feel-good surprise.”
Market Translation: It WILL be different this time….Remember White is the color of mourning in China.…Think agricultural products, South America & Rare Earths. 

FLORAL FANTASIES
Market Translation: Let us hope this augurs Agri-business will be bullish and not a revisit of Tulip Mania! 

SPECIAL EFFECTS
Market Translation: Technology Stocks will out perform. 

KNEE-LENGTH SKIRTS
“Donna Karan, Marc Jacobs, Carolina Herrera, Vera Wang were among those who featured the new-again longer lengths. Fashion pros have declared that longer hemlines are the hot new thing. Some designer dress even reached the ankle, clinging to the models' long-limbed bodies like fancy nightgowns. Meanwhile, designer Prabal Gurung dropped his hemlines below the knee and, on occasion, even below mid-calf.”
Market Translation: We all know about the supposed relationship between longer hemlines and stock markets bearishness. We believe this will correspond to the reality of the so-called doubled dip recession. What is key to note here is that a few designers e.g. Gurung are BELOW the knee and hence some stocks will do far worse than “muddle through”! 

US MIDTERN ELECTION COUNTDOWN 43 DAYS!
 

 
KEY DATES:     September 21, 22, 23, 24
DJIA:                10600 PIVOT  S1 10500 S2 10450 S3 10300
SPX:                 1130 PIVOT  1145 RESISTANCE
NASDAQ:          2300 PIVOT
DEC GOLD       1280 PIVOT S1 1268 R2 1250 R3 1240  R1 1289 R2 1300  R3 1318
DEC SILVER:    S1 20.50  S2 20  S3 19.80 21 OR 21.25 RESISTANCE?
NOV OIL:          74.50 PIVOT  S1 72 S2 71 S3 70
US$                  80.50 SUPPORT 83 RESISTANCE              

Market Marker Sentiment changes September 24.
2009 CLOSE:           DJIA  10428 SPX  1115 & NASDAQ 2269
2008 CLOSE:           DJIA   8776, SPX   903 & NASDAQ 1577
2007 CLOSE:           DJIA 13264, SPX 1468 & NASDAQ 2655
2006 CLOSE:           DJIA 12463, SPX 1418 & NASDAQ 2415
2005 CLOSE:           DJIA 10717, SPX 1248 & NASDAQ 2205
DJIA:                        6 ~ FV 1 UV; 4 offer 4%+ Dividends 2 offer 5%+ Dividends.
US BANK FAILURES TO DATE: 125   
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2. With a few possible exceptions, we advise waiting rather than investing until after September 24^th to learn what the new Market Marker will be. 

3. A Silver Bull Recommends Six Silver Stocks  

Also research the two Silver companies at our September 23 Investment Conference. 

4.  "My money is on it's real.  The absence of bad news gave us this rally. We certainly saw upside for the market. We think it's real. We don't think it's going to be gangbusters but it's real."
Milton Ezrati, market strategist, Lord Abbett

HW: To me the fact that the news is not awful is hardly “good” news.

“Uncertainties over the global economic recovery as well as the financial market persist. Gold is where money should be at this juncture. Now that bullion breached the record again, it will probably continue rising.”

Hwang Il Doo, senior trader, Korea Exchange Bank Futures

HW: The old “trend is your friend” argument.

“We need a catalyst to get over levels that we haven’t seen since early April. The M&A front will be very relevant, and could be a negative if that momentum doesn’t continue.”
Alan Lancz, director of research, LanczGlobal.com
HW: That requires (1) a belief in NO double dip and (2) not worst than expected October earnings. 

5. Equity Bears Unprecedented as VIX Futures Recall History's Market Rebounds 

U.S. Home Prices Face Three-Year Drop as Inventory Surge Looms

10 ETFs Every Advisor Should Know (But Most Have Never Heard Of) 

6. READER: Is this a good time to buy real estate?
HW: Given the extremely low cost of a mortgage, depending on where (location, location, location) and most especially what price (how much UNDER the cost of new construction) and if your time horizon is intermediate-long term, the answer is generally yes now until 2011/2012. 

READER: The last Jupiter/Uranus Conjunction on July 8th was in ARIES.  And, it marked a strong reversal in the Stock Markets where they went UP.  The next Jupiter/Uranus Conjunction on Sept. 18th is in Pisces.  Yet, we have the full Moon reactivating the Cardinal Climax planets on Sept. 23rd.  So, I have 2 questions. Since the 2nd Conjunction is in Pisces -- is it less likely to move the market UP?  And, even if it does move the market UP a few days...do you think that the positives of the Jupiter Uranus Conjunction will not stop the market from moving down -- right after when the full MOON occurs on Sept. 23rd?
HW: Good question! 

READER:  Do you think this rise in gold will continue or is their a correction on the horizon? 
HW:  I don’t know.  Astrologically H2 2010 is far more positive for gold than negative.  Ditto: Sentiment.  Fundamentally, we consider gold over valued (above $1052).
Bottom line: Like many long term gold lovers, I would prefer to buy physical gold cheaper. However, as long as Ben is Fed Chairman, it is scary to short gold, is it not? :)

READER: Since your resistance level of Gold @ 1268.00 pto is taken out, what is the next resistance as we have no "charts" to for technical analysis?
HW: 1289.