Category: Stock Market

Analysis Summary For Copart (CPRT): 
Analysis Date: July 5th, 2023  (BEFORE 2:1 STOCK SPLIT – DIRECT HIT)

Time Target: July 24th +/-
Price Target: $93.50-95
Projected Move: 50-60% decline by March of 2024

We have clear longer-term cycles suggesting CPRT will move very quickly to the downside between July of 2023 top and March of 2024 bottom. Further, we have a clear bull market completion point for the current rally in both price and time. A rather quick 50-60% decline should follow once the top is put in place. 

Upcoming Turning Point PRICE Variable: 

Our mathematical calculation and geometric composition for the stock suggest CPRT will top out between $93.50 and $95. 

Turning Point TIME Variable: 

While we would like our TIME variable to be a bit more clear in this case,  in reality it can arrive anytime between now and mid August. With July 24th (+/- 5 trading days) being the center of gravity for this point.   In other words, ideally CPRT will hit into its final price projection around July 24th, but that can happen a little bit later if the price variable is not triggered by then. 

Trading Recommendation: 

A short position should be established at any point between $93-95 over the next few weeks. Most likely around July 24th. A stop loss should be put in at $97.25 If CPRT pushes above this level the overall forecast will fail. A 50-60% decline should follow into March of 2024 (about 8-9 months). 

***No Options: We would discourage everyone from using options at this time due to a variety of possible timing issues.  While the PRICE move described above is not in question, at times the overall move can take longer than originally anticipated/projected.. 

The market is about to bottom? Let’s explore……

MSCI Emerging Markets ETF (EEM)
Date Of Analysis: September 25th, 2023

Our mathematical and timing calculations for EEM show the following……

• Our mathematical and timing calculations confirm, October 2022 was an important low for EEM. 
• The index is now moving into its mid cycle top formation scheduled to arrive in April and August of 2024. Perhaps a double top formation and/or a clear August top if the PRICE target below is not reached in April. 
• We are looking at $58 (+/- $3) as this top in 2024.  
• Once the above top is put in place and confirmed, EEM should decline into $33 by January of 2027.

Conclusion: Not much excitement as the index will remain long-term range bound. 

Netflix (NFLX) 
Date Of Analysis: September 18th, 2023

Our mathematical and timing calculations for Netflix (NFLX) show the following…..

• The top we saw on July 19th, 2023 is consistent with our mid-cycle top. Both our price and time calculations confirm this top.
• The stock is now falling into a mid-cycle bottom. Scheduled to arrive in XXX of 2023. Let’s say XXX, 2023 (+/- 5 trading days). 
• Our calculations suggest we will see a bottom at two possible locations. A more likely outcome puts the target at around $XXX (+/- $10). Secondary and less likely outcome is located at around $XXX. We will know which one it is as we get closer to the TIME turning point above. 
• Once this bottom is put in place NFLX should surge into a long-term double top formation, scheduled to arrive by mid 2025 at around $XXX. 

This substantial rally would make NFLX a fast mover. If you would like to find out our exact time/price targets for NFLX and to witness our trade setups, please Click Here

Microsoft (MSFT)
Date of Analysis: September 11th, 2023

An interesting situation at the present moment, but not as clear as some of our other stocks or financial instruments. Having said that, it is possible Time & Price targets described below will be hit with precision……

• Our TIME calculations suggest MSFT will see a top on October 24th (+/- 5 trading days). 
• The final PRICE range is a bit outside of what we believe is possible. To be exact, our calculations suggest the top to arrive at $440 (+/- $5) 
• A more realistic top would/should occur in the $350-360 range. A double top. 
• Once the top is put in place MSFT will fall to $270 in 2024. 
• The above forecast is consistent with our overall stock market projection. 

In summary, our Time/Price MSFT calculations are not as clear at this juncture as we would like it to be. Yet, the overall picture is fairly clear.  The stock should top out in late October and then proceed to collapse to $270 in 2024. As the stock pushes higher into October of this year, it will become clearer which top projection is in play. Either a double top or at around $440. 

*** Microsoft (MSFT): Also has the potential to develop into a fast mover. Fast Movers