1. APRIL MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. QUOTES
5. ON THE WEB
6. LETTERS
I believe the May 4th
Bank stress test results will suffer from “grade inflation.”
Real improvement by this May? Not my view!
As a (cosmic) Value investor, I
really don’t want to be long the stock market until at least Dow 7600and/or
7500, and ideally when 7100 is first again tested.
FACTOID: Fitch:
U.S. House Prices to Drop Another 12.5% Before Hitting Bottom.
This forecast
reflects a reversion to early 2002's prices. Currently, prices are hovering
around levels seen in mid 2003.
Note: Those days’
markets were hovering around Dow 10,000 and Nasdaq 2000K- Déjà vu coming?
ASTRODATES
5/7 Mercury SR
5/9 Full Moon
5/16
5/20 Sun enters Gemini
5/27
Jupiter conjunct
5/29
5/30 New Moon
TRADERS: THESE ARE VERY DIFFICULT
MARKETS- STAY CAUTIOUS.
INVESTORS: My long term view is well
known. Focus on protecting against downside risk and only buy and hold stocks
with sustainable earnings at Deeply Discounted Value pricing.
Invest only in stocks at bargain basement
price that you are willing to hold until 2010-2011.
Buy 7100 Accumulate stocks Dow 7500
Distribute 7900. Sell 8250
LONG/SHORT PORTFOLIO: L1/S1.
KEY DATES: APRIL 29
DJIA:
7216 PIVOT SUPPORT 6600
RESISTANCE 7600
SPX:
740 SUPPORT? 810 RESISTANCE
NASDAQ: 1380 SUPPORT
1500 RESISTANCE
XAU:
135 PIVOT120 SUPPORT 145 RESISTANCE
JUNE GOLD: 940 PIVOT 900 SUPPORT 980
MAY SILVER: 13.50 PIVOT 12.50 SUPPORT R1
13.80 R2 14 R3 14.50
XOI:
820
PIVOT 900 RESISTANCE
DEC OIL: 60 PIVOT
55 SUPPORT 67 RESISTANCE
The current Market Marker Sentiment is Some worry, then
bargain hunting, then return to worry.
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
DIJA:
12 ~ FV 6 UV; 13 offer 4%+ Dividends 9 offer 5%+ Dividends.
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING
AGAINST DOWNSIDE RISK.
2. BUSINESS & BANQUETS
There
was a highly subdued atmosphere at this year’s IPAA Oil and Gas conference as
expected. Natural gas is expected to bottom over the next few months as drill
rig counts are way down.
I
was impressed by two small caps: Core Laboratories (CLB), a quality oil
services play, and Contango (MCF), a no debt E&P. Additional
companies that we liked and are watching that presented there include:: Range Resources (RRC), primarily a
We plan to use current Oil weakness into the end of April to
accumulate energy stocks.
WSNW Note: We have several changes to our WSNW premium
post. ENERGY
(4/23/2009).
3. Gold is now trading at our non-crisis Fair
Value of $908.
Silver, which
is under increasingly positive influences, is currently our favorite commodity
to overweight as we get closer to summer.
4. "This is a very high-risk environment to be short.
Fund Short squeezes can be dramatic, and a lot of money can be lost."
Doug Noland, senior
portfolio manager, Prudent Bear
HW: Yes, but a lot of
money can be lost being long as well!
“We believe an
historic drop in stock prices is inevitable. We expect both falling inflation
and a huge sell- off of equities as first-quarter earnings reports hit the
wires to keep bond prices rising.”
Carl B. Weinberg,
chief economist, High Frequency Economics
HW: Will bonds price
keep rising? Initially it is probable, but they may not thereafter.
“We’re finding a
bottom in gold and a top in stock markets.”
Mario Innecco,
futures broker, MF Global
HW: We also believe gold is closer to its bottom
than it top.
5. Treasury
10-Year Yield Reaches Highest Level Since Fed Announced Buybacks
Financial markets face a lost generation of
investors
Just as the Great
Depression scared an entire generation away from the stock market, recent
events may drive today's investors to the sidelines — forever.
Treasury-Bubble
Trouble?
Investors should brace for losses on Treasury bonds,
but not just yet.
6. READER: if investing in OIL, do
we buy now? or end or month? does it matter?
HW: I think it
matters, as we are waiting until next week.. Why buy now IF I believe oil is
dropping at least until the end of the month?
READER: I would
like to ask your advice between Nova Gold and AXU your favourite silver stock
in your opinion which one has the most potential to gain over the coming months.
HW: I prefer AXU and Silver.
(c)
2009 All
rights reserved THE
ASTROLOGERS FUND, INC
"Always a Stellar Performance"
wsnw@afund.com
Phone 212/949-7275 Fax
212 608
6964 32 West 39th
Street 12th
Fl New York, NY
10018
Author:
INVESTING BY THE STARS and THE STUDY OF ASTROLOGY
INVESTORS
ARE REMINDED TO PERFORM THEIR OWN DUE DILIGENCE BEFORE MAKING ANY
INVESTMENT
DECISION. ALWAYS INDEPENDENTLY INVESTIGATE AND FULLY UNDERSTAND ALL
RISK BEFORE
MAKING ANY INVESTMENT.
DISCLAIMER:
PAST RESULTS ARE NOT NECESSARILY
INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
The
Astrologers Fund Inc. accepts No Liability Whatsoever for Any Loss
arising from
Any Use of its Report or its Contents. The
Astrologers Fund (AFUND) is not a registered broker dealer or a
registered
investment advisor. The Astrologers Fund
Inc. or its Clients
Usually Holds Positions in the Stocks and/or Market Instruments
Mentioned and
May Buy or Sell At Any Time Without Notice depending on market
conditions and
personal financial conditions. This Information Is In No Way A
Representation
to Buy Or Sell Securities, Bonds, Options Or Futures.
This information is not intended to be used
as the sole basis of any investment decisions, nor should it be
construed as
advice designed to meet the investment needs of any particular investor.
Please
read our Disclaimer
for more information and note that my clients and I are shareholders
and may
act in the open market.
ALWAYS
CHECK WITH YOUR LICENSED FINANCIAL PLANNER OR BROKER BEFORE BUYING OR
SELLING
ON THE RECOMMENDATIONS OF THE ASTROLOGERS FUND INC.