Click Here To Find Out What The Stock Market Will Do Next In Both Price & Time
Why The Dow Will Keep Going Higher – For Now
End Of Day Market Update & Why The US Dollar Will Not Crash – Yet
12/18/2023 – A positive day with the Dow Jones up 1 point (+0.01%) and the Nasdaq up 90 points (+0.61%)
It is rather entertaining, but today’s top on the NDX has matched its January of 2022 counterpart to the point. No breakout yet. Having said that, it is a little beside the point. As we have mentioned before, we now have numerous confirmation that both the NDX/SPX will see their respective all time highs.
The Dow pushed slightly above its Intraday short-term point of force discussed in our Intraday analysis. Although, it remains within the margin of error and cannot yet be fully dismissed. Meaning, while it is possible we get a pullback here, that possibility has greatly diminished short-term since we have pushed slightly above this short-term point of force. If we push higher tomorrow, this will be confirmed and the rally will continue.
No other changes to our longer-term weekly and prior daily updates.
Now, I found the following article of great interest…….
Visualizing $97 Trillion Of Global Debt In 2023
| Country | Gross Debt (B) | % of World Total | Debt to GDP |
|---|---|---|---|
| 🇺🇸 U.S. | $33,228.9 | 34.2% | 123.3% |
| 🇨🇳 China | $14,691.7 | 15.1% | 83.0% |
| 🇯🇵 Japan | $10,797.2 | 11.1% | 255.2% |
| 🇬🇧 UK | $3,468.7 | 3.6% | 104.1% |
| 🇫🇷 France | $3,353.9 | 3.5% | 110.0% |
| 🇮🇹 Italy | $3,141.4 | 3.2% | 143.7% |
| 🇮🇳 India | $3,056.7 | 3.1% | 81.9% |
| 🇩🇪 Germany | $2,919.3 | 3.0% | 65.9% |
| 🇨🇦 Canada | $2,253.3 | 2.3% | 106.4% |
| 🇧🇷 Brazil | $1,873.7 | 1.9% | 88.1% |
| 🇪🇸 Spain | $1,697.5 | 1.7% | 107.3% |
I found the above of interest in terms of the US Dollar. Quite a few market participants believe the US Dollar is not worth the paper it is printed on and will soon crash. As accurate as that opinion might be, it flies in the face of our DXY forecast – at least for now.
What the above data shows is that all major economies are stuck in the same boat and that other currencies are arguably “just as bad”. In other words, the US Dollar cannot crash against other currencies that are suffering from the same problem. And once again – YET.
Our DXY forecast is rather unique in that sense and shows USD movements going forward that no one is anticipating. If you would like to see that forecast, please Click Here and select our MegaCap Section.
Investment Wisdom Of The Day
Short-Term Analysis For The Dow Jones – December 18th, 2023
Our daily report for the Dow Jones Intraday analysis has been posted. To see it, please Click Here and find out what the stock market will do next.
Investment Wisdom Of The Day
Our Next FAST MOVER Is Ready To Go
Over the years we have been able to figure out a way of identifying Fast Moving stocks. These are stocks that are about to stage powerful directional moves of 50%+ within a compressed time window of 12 months or less. To learn more about our fast movers and the math behind it, please Click Here
Charts below represent our latest find. If you recognize the charts, great. The stock in question is about to bottom and then proceed to surge 200% + over the next 10-12 months.
If you would like to obtain the exact time/price target for this upcoming bottom as well as our trading parameters, please Click Here.
If you would like to find out what the stock market will do next in both price and time, long-term and short-term, please Click Here. You can also find our MegaCap Stocks Time/Price Projections and our Fast Movers at the same link.
BioTech ETF (IBB) Is Scheduled To Do The Following…..
We just updated our MegaCap analysis with IBB
Biotechnology ETF (IBB)
Date of Analysis: December 12th, 2023
Our mathematical and timing analysis for IBB shows the following……
-
-
- Our cycle composite analysis suggests the bottom is in for IBB as of June of 2022 low of $104.
- The ETF is now scheduled to increase into its next mid-cycle top scheduled to arrive in XXXX. At this point our mathematical calculations suggest a price target of $XXX (+/- $2) for this top.
- Once the top is put in place IBB should fall into its next cycle bottom scheduled for XXXX.
- Our price target for this proposed bottom is located at $XXX (+/- $2).
-
In summary, IBB is scheduled to increase into the end of XXX. Then collapse into June of XXXX. This stock represents a “fast move” opportunity between XXXX top and XXXX bottom where a move of 50%+ is likely.
If you would like to find out exactly what IBB will do, in both price and time, and with exact time/price targets, please Click Here
Investment Wisdom Of The Day
The Market Continues To Perform Just As Anticipated
Back in the early second half of 2022 most people laughed at our October 10th (+/- 2 trading days) bottom projection. A bottom? Most investors were doom and gloom at the time.
Now, the situation is kind of reversed. I say “kind of” because most investors I know are kind of in disbelief that despite today’s fundamental factors and the overall state of the economy the market keeps climbing higher. So much so that quite a few people I know have given up on trying to figure out what the stock market will do next.
In our opinion the setup is rather simple and something that we have maintained for well over a year. In other words, the market is developing as it should. If you would like to find out what happens next, in both price and time, please Click Here
If you would like to find out what the stock market will do next in both price and time, long-term and short-term, please Click Here. You can also find our MegaCap Stocks Time/Price Projections and our Fast Movers at the same link.