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

September 16th Markers:
DJIA 9791 NAS 2133 SPX 1068 Shanghai 2999/3050
Dec Gold 1020 Dec Silver 1743 Dec Oil 73.25 Dec Copper 293
 

MERCEDES-BENZ FASHION WEEK  provides some potentially profitable investment ideas:

Plaid is in We're stealing plaid from the lumberjacks this year with all kinds of plaid shirts, vests and skirts.

    If you follow the money, construction and infrastructure plays are in.

New York Fashion Week Fall 2009: men's trend report‎ The recent military uniform trend from Europe has arrived for spring 2010. Calvary jackets, old general jackets, paired with washed out jeans.

    The defense industry/homeland security sectors will surprise on the upside.

 If you are going to be casual do it Euro style.

    Buy Value and over weight Euro STOXX 50 companies.

  Fall 2009's Fashion Week's Most Wearable Trends: Fashion: glamour.com Hot-pink tight dresses to rave-ready leggings and iridescent skirts.

    Trading buy flavor of the month stocks.

  Peplum jackets—fancy fashion talk for short coats that have a little skirt at the bottom—are an easy way to dress up black pants, dark jeans and all the other lived-in basics that just never seem to make it to the laundry as often as we’d like.

    Own companies that benefit from a continuing recession.

 One Shoulder dresses.

     Buy companies that receive direct government support/funding.

GUEST HYDE PARK SOAPBOX: The Recovery Was Too Expensive 
 

 
KEY DATES:     SEPTEMBER 22, 23
DJIA:                 9791 PIVOT
SPX:                 1068 PIVOT
NASDAQ:          2133 PIVOT
XAU:                 150 SUPPORT 180 RESISTANCE
DEC GOLD:      1000 PIVOT 980 SUPPORT 1030 RESISTANCE
DEC SILVER:    15.50 SUPPORT 18 RESISTANCE
XOI:                  1010 PIVOT
DEC OIL:          69 PIVOT 67 SUPPORT 75 RESISTANCE  

Market Marker Sentiment until 2010 is Less Volatility with Market Cross Currents.
Stocks Meander slightly ahead and favor defensive plays.
The US$ doesn't collapse & Commodities may not be needed as a safe haven panacea.  

7/21 PRE-ECLIPSE: DJIA   8915. SPX   954 & NASDAQ 1916
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:                       7 ~ FV 1 UV; 5 offer 4%+ Dividends 2 offer 5%+ Dividends.
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2. We continue to plan to buy Silver before October 10.  We are still hoping for $15-$16 or better over the next 3 weeks. 

Fat profit margins are worth a look
HW: I agree. 

3. Four Major Developments Gold Investors Should Watch 

Friday September 18, 2009 (Will Gold and Silver Breakout?)
The question at hand is whether gold and silver will now break out to new highs.  In our view the only issue is timing. 

Gold Expert: Sell, Sell, Sell
HW: Short term, I strongly agree. 1025 Dec Gold triggered a fairly strong Trading Sell Signal.  However, one has to be prepared for the opposite, and be willing to re-enter. Still, a profit is a profit is a profit. 

Where and when to buy Gold Silver?
 At our July Triple Gold Conference at the Princeton Club we presented the following: 

• We will be long Silver from after September options expire into Feb 2010.
• We will be short Gold stocks at the same time (October options).
• We will be doubly long Silver circa second week of October – 3 weeks or less.
• We will be selling Gold circa 10/27 into November expiration.
• We will be long Gold stocks just before second half of December two weeks.

4. “The market is running out of steam.  We are becoming more optimistic with the economic outlook but this bullish sentiment may be premature.”
 Marc Ostwald, fixed-income strategist, Monument Securities
HW: From the viewpoint of Main Street, you betcha! 

‘It Looks Good. The next six months seem reasonably easy to anticipate: no inflation, good economic growth. It looks good for the near term.”

Former Fed Chairman Alan Greenspan

HW: Say what? 

"We want to see a continuation of support for programs that are in place. You need the Fed to stay in there longer to see how long this recovery will be sustained."
David Chalupnik, head of equities, First American Funds.
HW: I don’t wonder why.

5. Top-heavy markets sending signs to take gains

Sell Rosh, Buy Yom: The Risk of Wall Street Adages

Will the markets tank as baby boomers retire? 

6. READER: I was expecting something exciting on Sept. 16???
HW:  I was expecting a down 200 point day. An alternate astrological interpretation was a topping/stopping of the bull market trend.  If this interpretation is right, we should know next week. 

EADER: Are you saying if 16/17 are +, you may turn bullish?
HW: No. I would remain cautiously bearish as I was at Nasdaq 4000+. It would mean I would be forced to be more tactical in my shorting instead of strategic. 

READER: The next level for GOLD is March 2008 high of US $ 1030.00 pto. If this is pierced -it will rise to US $ 1050.00 to 1080.00 pto. Possible in the next few months. 
HW: Yes possible,  but I still don’t see in the next 45 days.  

READER: I think ^SSE COMPOSITE in Shanghai is being "managed" by the Chinese Govt. to stay above 3000.00+ levels till middle of October 2009.
 I see a correction in global equities in October 2009.
HW: Above 2700 more likely. 
If not September, then October.  If not October then November!  If not November, buy Gold! :) 

READER:  ^SSE COMPOSITE is showing signs of weakness already!!!
HW:  Remember we recommended double locking 2700/3000- Covering circa 2700 and reshorting circa 3000. 

READER: What is the next resistance for ^DJIA as per your analysis?
HW: Here at 9800.  

READER: Do you have anything suggesting a top here astrologically?  I’ve got volumes on the tech side, but with GS as the 4^th branch of the govt. it may be a different ball game.  Now at 90% bulls on the futures – highest ever, I think.
HW: The day is 16^th plus or minus one day.  So far it has been  a profitable commodity trade, but the jury is still over on the equity markets..