As Bears Turn Bullish – Is It Time To Go Short?

12/19/2023 – Another positive day with the Dow Jones up 251 points (+0.68%) and the Nasdaq up 98 points (+0.66%)

The stock market continues to perform as anticipated. I found the following article of interest ……

One of Wall Street’s biggest bears says the Fed is giving investors a good reason to be bullish in 2024

  • Did one of Wall Street’s biggest bears just turn bullish?
  • As Wall Street debates whether the powerful rebound in stocks and bonds trading around the world has more room to run, or has already gotten over its skis, Michael Wilson, Morgan Stanley’s top equity strategist, is telling clients that the Federal Reserve could be guiding the U.S. economy toward a “sweet spot” for the market.

If you will recall,  just a few short weeks ago most professional investors were running around screaming that the market was about to crash.  And now we have bears going bullish and the land of milk and honey is just around the bend.

We don’t particularly hold either view. If you recall, since identifying October 13th, 2022 bottom with incredible precision we held a singular forecast. That all major indices will see their respective all time highs before the bull market terminates itself.

So, the real question right now should be, where does this bull market terminate? Luckily, we have the answer. If you would like to find out exactly where and when this market will top out, and most importantly, what happens next, please Click Here. 

Why AT&T (T) Is Going Nowhere Fast

We are posting this entire AT&T (T) analysis in a free forum because we found the stock to be rather uninspiring going forward. Having said that, if you would like to see our other MegaCap stocks and their precise Time/Price projections, please Click Here 

AT&T (T)
Date Of Analysis: December 19th, 2023

Our mathematical and timing analysis for AT&T (T) shows the following…..

    • Our software has identified recent bottoms in October of 2022 and July of 2023 as major cycle bottoms. A double bottom formation of sorts.
    • The stock is now moving into its major cycle top scheduled for July of 2024.
    • Our upcoming price projection for this upcoming top is around $43 (+/- $2).
    • Once the top is put in place AT&T should decline into its next mid-cycle bottom.

In summary, AT&T offers very little in terms of a good trading opportunity at this time. Further, we found a number of interference patterns that render this stock a bit “unclear”. And while the stock is scheduled to rally, we would wait for the top to arrive before making any commitments.

Mid-Term Mathematical Composition For The Dow Jones Suggests The Following

Chart below represents mid-term calculations for the Dow Jones. Red dots represent all possible mathematical points of force associates with this time frame. In other words, red dots represent all possible mid-term turning points over the next 5 trading days. Recall, the stock market must hit one of these points before any sort of a legitimate top can develop. 

As a result, the overall setup is fairly easy.  Click here to find out what the stock market will do next. 

If you would like to find out what the stock market will do next, please Click Here

Is The Market Top In?

Our mathematical chart below shows an important data point. The market is sitting at a major mathematical point of force (red dot) or a possible turning point. That is not to say the market will turn around at this juncture and begin to decline, but rather, to suggest the market might do so off of this point. To find out for sure, 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.

Copper (HG) Is Expected To Do, Well, Not Very Much

We just posted this Copper (HG) analysis for our subscribers. 

Copper Futures (HG)
Date of Analysis: December 5th, 2023

Our mathematical and timing analysis for Copper (HG) shows the following…..

  • Our software confirms that we have seen major top/bottom for copper in March and July of 2022 respectively. We are now dealing with interference pattern (smaller range bound market) for HG.
  • Longer-term Copper is now moving into its next mid-cycle top scheduled for November XXXX or January XXXX. It will clear up as we get closer. The best PRICE estimate for this projected top is at $XXX (+/- 0.20)
  • Once the top is in HG is expected to decline into its next mid-cycle bottom scheduled to arrive in January of XXX at around $XXX (+/- 0.20).

In summary, not much to excite us about Copper (HG) at this juncture. The commodity is simply expected to slowly grind higher into its next top over the next XXXX months. Then, it MIGHT get interesting. I say might because we may experience a fast move down between January of XXXX and January of XXXX. We will re-visit this as we get closer to this potential down move.

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.