Financial Astrology For The Sucessful Investor And Trader
|- JUNE MARKETS
- UP STARS/DOWN STARS
- GOLDEN OPPORTUNITIES
- QUOTES
- ON THE WEB
- LETTERS
1. We expect another exciting market week.
We are SELECTIVELY bullish intermediate term, but not because of interest rate cuts (“Bad news is Bad news IMHO), but because of Trump’s Horoscope.
Still it is not yet safe to swim in the water without a lifeguard watching!
TRADING NOTES: SO MANY TRADER’S DIAPER DAYS
June 18/19 FOMC Meeting
June 21 Quadruple Witching Day & Summer Solstice
June 28/29 G20 Osaka Summit
JULY 2 ASTRO: TOTAL SOLAR ECLIPSE
Proper Valuations:
DJIA > 25000
SP > 2750
OIL > 52
US$ > 97
IMHO “Improper” Valuations
US 10 Year Bond <2.20
TIPS > 114
COPPER < 3.20
BITCOIN > 6000
GOLD < 1372
SILVER < 17
FIRST EPISODE OF YOU BETCHA YOUR LIFE (SAVINGS):
Sell SP 2954, Sell 2945 and Sell? KACHING: Both Covered 2840!
SECOND EPISODE OF YOU BETCHA YOUR LIFE (SAVINGS):
Sell SP 2888, Sell 2880 KACHING: 2812 & 2750 Buy Gold 1286, 1280
H1 2019 TRADING HEDGES:
Sell Oil 62.62 Buy Gold 1297 Cover Oil 60.62 Gold stop now 1340
Sell Oil 64.50 Buy Copper 2.92 Cover Oil 61.81
Sell Oil 64.88 Buy Gold 1279 Cover Oil 62.88 Gold Stop now 1340
64K QUESTION: Will the US/China Trade deal happen in June? This summer?
Until the China/US spat is reduced/closed, market volatility remains.
- HYDE PARK SOAPBOX: Growth-stock mania is bad for your financial health
MARKERS DJIA SPX NASDAQ SILVER GOLD COPPER BONDS OIL BITCOIN
|
2018CLOSE |
23327 |
2506 |
6635 |
15.64 |
1281 |
2.63 |
2.65 |
45.41 |
3768 |
|---|---|---|---|---|---|---|---|---|---|
|
6/14/2019 |
26139 |
2896 |
7511 |
14.85 |
1345 |
2.63 |
2.08 |
52.52 |
8449 |
|
PIVOTS |
26000 |
2880 |
7500 |
14.88 |
1340 |
2.60 |
2.10 |
52 |
8500 |
|
SUPPORT |
24800 |
2800 |
7200 |
14.80 |
1300 |
2.60 |
2.08 |
50 |
6000 |
KEY DATES: JUNE 18, 19, 21
DJIA: 26000 PIVOT 25800 Support? 26200 Resistance?
SPX: 2904 PIVOT S1 2880 S2 2850 S3 2800 R1 2930 R2 2950 R3 2958
NASDAQ: 7500 PIVOT 7200 Support? 7800 Resistance
GOLD: 1345 PIVOT S1 1340 S2 1325 S3 1310 R1 1350 R2 1365 R3 1400
SILVER: 14.88 PIVOT R1 15.00 R2 15.10 R3 15.25 R4 15.50OIL:
COPPER: STEADY ACCUMULATE : 2020 à3.50+
US 10 year WATCH
BITCOIN: 8500 PIVOT 8800 RESISTANCE
2018 CLOSE: DJIA 23327 SPX 2506 & NASDAQ 6635
2017 CLOSE: DJIA 24719 SPX 2673 & NASDAQ 6903
2016 CLOSE: DJIA 19762 SPX 2238 & NASDAQ 5383
AFUND Fair Value: GOLD $1372
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: HEDGE AND PROTECT AGAINST DOWNSIDE RISK.
2.
- Shares of Chewy (CHWY) opened Friday 72% above the $22 initial public offering price; CHWY first trade was at $36 at 11:03 am June 14, 2019.
- Beyond meat (BYND) is now on our Short Watch list (AFTER the current short squeeze ends).
There are so many quality undervalued commodity stocks. Stock selection is however, important. Like many others will be looking buying stocks sporting strong cash flows, sound balance sheets and growing dividends.
Actively managed portfolios are deservedly outperforming index funds in the current bifurcated markets.
3. Gold Miners Could Reward Long-Suffering Shareholders
HW: As soon as this August, if not before.
Last week we had our successful take out of $1350 resistance. Now $1340 support will be tested. If/when it holds, Thereafter $1365-$1375 sooner or later.
Gold bugs should be happy this coming August! Still gold bears are not yet ready to give up but over time, THEY WILL!
We continue to recommend Maximum Allocation or fresh precious and base metal investments for the intermediate and long term, given that the precious metal sector and copper are obviously very undervalued!
With seasonal weakness and unfavorable astro gone in June,
we advise precious metal investors to pay attention to stock selection and start to add this JUNE/SUMMER 2019.
- Gold remains cheap geopolitical crisis insurance.
- For investors who cannot or will not buy the $US currency as well as investors who wish to safely and cheaply hedge their US$ exposure, ONLY GOLD IS AS GOOD AS GOLD!
Gold FV $1372 = Commodity FV: 1348 + Currency FV: 1380 + Inflation Metal FV: 1360 + Crisis FV: 1400.
Gold/Silver ratio à 80 Silver FV $17+.
INVESTORS: We plan to stay LONG into H2 2019 (recommending a precious metal sector hold rating and only occasional hedging, selling or profit taking).
We remain disinclined to short or sell until gold is overvalued e.g. $1400-1450. For silver our first selling numbers remain $20+.
4. “The market wanted to go up. I don’t think it mattered what happened. We just use these things as a reason after the fact to look smart. That’s how it works. It’s not meant to be intellectually satisfying. It’s meant to take money away from people who think they can explain things. Worst traders and managers I know are the guys with answers for all this stuff. Get used to it.”
Josh Brown CEO, Ritholtz Wealth Management
HW: Unless of course the answers “come from heaven”
“I think there could be a real disappointment with the Fed’s message as 10-year rates have fallen 45 [basis points] in the last 30 days the market could set itself up for a yield selloff
Thomas di Galoma, managing director, Seaport Global Holdings
HW: We hope so and we are betting on it big time!
“If trade talks completely fall apart and we have a permanent negative impact on our trade relations with China, then we’d get a rate cut, but we don’t expect one otherwise.”
Tom Simons, money market economist, Jefferies
HW: If they act truly like wise men, that will be so.
5. Tips for Spotting a U.S. Recession Before It Becomes Official
Oil Short-Selling Surges as Global Demand Outlook Deteriorates
International stocks just can’t compete with the U.S. market right now
6. READER: What exactly key dates mean? On that dates market goes down or goes up or anything can happen?
Is there any way to specify whether it is positive or negative dates?
HW: These are dates usually of important market news or astrological events.
We include our short term trading views in premium wall street editions, not in our weekly investing/positional editions.
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