WALL STREET, NEXT WEEK
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WALL STREET, NEXT WEEK: JUNE 28, 2010
 FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

1. 10 Reasons to Get Back Into the Stock Market?

HW: Offhand I can quickly think of 10 Reasons NOT to Get Back into the Stock Market

  1. More conservative guidance for H2 2010
  2. Higher Tax Rates ahead
  3. Government Stimulus packages ending or winding down
  4. Credit/borrowing is still restricted
  5. Consumer Spending remains Weak.
  6. Weakening US housing Market
  7. Continuing High US Unemployment
  8. Ben Bernanke needs fresh monetary blitz as US recovery falters
  9. Unfavorable market technicals
  10. Challenging astrological picture 

Above I only counted using my fingers. If I also used my toes, I could easily add at least another 10 reasons e.g. US & European Debt crisis, lower future Bank Profits, multiple Pension Crises, State & Local tax problems, US National Debt & Government Borrowing, Inflation/Deflation threats etc. :)
 

ASTROLOGICAL NOTE:
G20 summit coincides with lunar eclipse but Lunar eclipse 'magnified' in US.
INVESTORS: If not in the eclipse window into July 11, then later this summer Dow 10,000 and 9750 are relatively certain price targets.
 

ASTRODATES
7/05  Uranus SR
7/11  Solar Eclipse 3.40 pm ET
7/22  Sun Enters Leo 6.21 pm ET
7/23  Jupiter SR 8.03 am ET
07/25 Full Moon 9.37 pm ET
07/26 Saturn Opposite Uranus 

TRADERS: Month end Window Dressing ending. We continue with the "fade any rally" mentality. 

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 prices that you are willing to hold until 2011. 
Soberly prepare for the reality of an L or U shaped US economy until 2012-2015. 

FAIR VALUE:  DOW 9750 NAS 1968 SPX 984
LONG/SHORT PORTFOLIO:  L1/S1 or L1/S2?

 
KEY DATES:    JUNE 28
DJIA:                10200 PIVOT 9750 SUPPORT 10500 RESISTANCE
SPX:                1090 PIVOT
NASDAQ:         2250 PIVOT 2150 SUPPORT? 2350 RESISTANCE
AUG GOLD       1260 PIVOT 1200 SUPPORT? 1275 RESISTANCE?
SEP SILVER:    18.50 PIVOT R1 19.25 R2 19.50 R3 19.80
AUGUST OIL:    75 PIVOT R1 76 R2 79 R3 80
EURO:              FV ~ 122.50
US$                  85 SUPPORT 89 RESISTANCE 

Market Marker Sentiment changed May 28 to Sell prenews optimism; even modest reality will move markets down! 
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:                       7 ~ FV 2 UV; 5 offer 4%+ Dividends 2 offer 5%+ Dividends.
US BANK FAILURES TO DATE: 86   
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2.  We plan on making no new investments in the Lunar/Solar eclipse window of June 26 to July 11th  due to unfavorable Risk/Reward probabilities.

3.  OIL FUNDAMENTALS:
Short Term: Friday Oil rose on hurricane warnings.
Medium Term: Early in the week Oil dropped after IEA forecasts of oversupply will remain until 2015. 

Technically Oil is currently range bound $72-$80.  Later this year we expect to see higher. Short term, however, it is not my bet, just like with yellow gold. 

4. "I think it's pretty obvious that economic strength is waning right here."
Jeffrey Saut, chief market strategist, Raymond James Financial
HW: It should be.

 “With advanced economies tightening their fiscal policies, the risks of economic slowdown are rising."

Lee Hardman, currency economist, Bank of Tokyo-Mitsubishi

HW: Add China to the mix and the risk rises even more. 

Without much tangible information to sink your teeth into investors are going to rely on technicals and right now the technicals broke down."
Jack Ablin, chief investment officer, Harris Private Bank
HW: They look awful! 

5. Cautious Investors Stay on Top

Another 'Flash Crash' Coming? Some Market Pros Think So 

Apple Is 20% of the Nasdaq 100 

6. READER: Excellent interview. Very insightful, thanks so much. I’m surprised you didn't mention anything about the cardinal grand cross.
HW: There was no astrology in that interview as they just wished to introduce me to their viewership. 

READER: What made you "bearish" on Gold in June 2010 as per your weekly newsletter for 14th June 2010?

READER: I didn't receive my weekly report for the week of June 21,2010.  When will it be sent?
HW: During the summer time, depending on the weather, it may be Sunday evening instead of morning. 

READER: Please define P1, P2, P3.
"Possible down side DJIA targets this summer are: P1 9800, P2 9200-9400 or P3 8800-9000."
HW: P1 First price target, P2 second and P3 third possible target. 

READER: DO WE TAKE SOME PROFITS HERE INTO THE LUNAR ECLIPSE EXPECTING A POSSIBLE SHORT TERM TURNAROUND OR A CONTINUED ACCELERATION TO THE DOWNSIDE??? INTO THE SOLAR ECLIPSE???
HW: What difference?  You already have good profits.  While I believe markets will be lower, (depending on the time frame), I also believe in repetitive profit taking.

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