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.
Why The Dow Will Keep Going Higher – For Now
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 ……
- 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.
Investment Grin Of The Day
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.
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.
Will The Stock Market Keep Surging Higher – Find Out
A positive day with the Dow Jones up 56 points (0.15%) and the Nasdaq up 52 points (+0.35%)
It appears most investors and professional money managers are quite confused about what’s going on with the overall stock market.
Wasn’t it supposed to crash in November?
With some going as far as coming up with some outlandish theories or cause and effect propositions in an attempt to explain or predict what the stock market will do next.
Case and point, this beauty from ZeroHedge….
Will The Fed’s Coming Rate Cuts Lead To Higher Stock Prices? It Depends On Just One Thing
Will the US economy be in a recession in 2025, and by extension will Trump be president.
So, blame the Orange Man. And while at it why not blame Putin for this “crazy” market environment.
In reality, the stock market is doing exactly what it should be doing. At least according to our timing and mathematical work. In mid 2022 our mathematical calculations yielded the following projection.
“The stock market will bottom on October 10th, 2022 (+/- 2 trading days) and then run up to an all-time high, breaking above January 2022 top in 2023.”
The actual bottom arrived in the first 30 minutes of trading in October 13th and the rest, as they say, is history.
In our opinion or based on our calculations what the stock market will do next is crystal clear and quite interesting. And it has nothing to do with interest rates. Well, it kind of does or at least there has been a historic correlation.
Was the FED cutting or raising rates in 2000-2002 and 2007-2009. Cutting – right!!! Point being, just because the stock market has apparently survived this interest rate rising cycle, doesn’t mean the stocks are ready to run higher. In fact, quite the opposite is true.
Our mathematical and timing work confirms this conclusion. If you would like to find out exactly where and where the stock market tops out, and what happens next, please Click Here
