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Is Target (TGT) About To Bottom – Demon Kids Clothing Or Not?

Target (TGT) 
Date Of Analysis: October 25th, 2023

Our mathematical and timing analysis for TGT shows the following……

  • Target is looking for an important bottom. 
  • The next important TIME turning point arrives in the middle of XXXX of 2024. We anticipate the bottom to occur at that juncture. 
  • The PRICE variable puts this potential bottom at around $XXXX . 
  • Once the bottom is put in place TGT is scheduled to advance significantly into its next mid cycle top scheduled for June of XXXX. 

In summary, once the bottom is put in place in XXXX TGT will likely turn into a fast mover and advance significantly into June of XXXX. 

If you would like to see our exact TIME & PRICE targets for Target’s (TGT) bottom, as well as our precise turning point “targeting analysis” , please CLICK HERE

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Dow Jones Intraday Update & Trading: October 30th, 2023

 

  1. Time clusters

I.0.1. There is a long-term Up-cluster arriving on Oct-28-2023.

Daily D-cluster arriving on Nov-12-2023

Daily P-cluster arriving on Nov-12-2023

I.0.2. There is a 30-day Composite Cycle up cycle arriving in on Oct-24-2023 and a 70-day Composite down cycle arriving on Oct-18-2023.

30-day Composite up arriving on Oct-24-2023

16-weeks Composite up arriving on Nov-24-2023

To see the rest of the report outlining our short-term parameters, our analytical conclusion and our upcoming short-term trade setups, please CLICK HERE

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A Direct Hit In Both Price/Time On One Of Our “Fast Movers” – Copart (CPRT)

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.. 

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Emerging Markets (EEM) – Much Ado About Nothing

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.