Financial astrology for the successful investor and trader
1. MAY MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. QUOTES
5. ON THE WEB
6. LETTERS
1. SELL IN MAY & GO AWAY: ROUND 1 STRIKE 1 BALL 1
OUR RECOMMENDATION IS TO SELL INTO STRENGTH & LOCK IN PROFITS!
We recommended selling at 2954 May 1 and ,if covered, reselling 2945 SPX.
Future Selling 2950, 2958 or 2940 depending on market conditions early next week.
P1 2869-2883
P2 2812
Sell the stock market in May and go away? Not so fast, say experts
HW: But more importantly, what say the astrologers?!
ARE YOU PREPARED FOR MAY 2019 MARKETS?
- Take an early and long Summer Vacation and don’t worry as markets will most likely recover later in the year Or.
- perhaps markets may just turn down just 3-5%, BUT it may be the beginning of a real correction [10-12% or more] ….
WHY MAY? In addition to astro indicators, 5 potential EARTHLY reasons:
- More disappointing corporate earnings & forecasts coming
- FOMC Meeting April 30-May 1 unsettling markets
- A classic “Sell in May and Go Away” (unlike last year)
- Assorted geopolitical swan events e.g. China, [Iran, UK, Turkey, etc.]
THE BIGGEST REASON IS THAT GIVEN MARKETS ARE AT RECORD LEVELS.
WE DON’T SEE ANY VERY STRONG EARTHLY (OR HEAVENLY) REASON FOR MARKETS TO MOVE MUCH HIGHER AT THIS POINT IN TIME!
BOTTOM LINE:
We advise protect profits by placing trailing profit stops, raising cash, writing calls, buying puts etc., or sweat out late Spring but relax later year end!
Proper Valuations:
DJIA > 25500+
SP > 2800+
US$ < 98
IMHO “Improper” Valuations
US 10 Year Bond <2.64
TIPS > 112
OIL > 60
COPPER < 3.20
BITCOIN > 5000
GOLD < 1370
SILVER < 18
TRADING NOTES
We are Selling/Shorting Markets
First Major Market Short SPX 2954!
New
Sell SP 2954, Sell 2945 and Sell ?
H1 2019 TRADING HEDGES:
Sell Oil 62.62 Buy Gold 1297
Sell Oil 64.50 Buy Copper 2.92 Cover Oil 61.81
Sell Oil 64.88 Buy Gold 1279 Cover Oil 62.88
64K QUESTION:
Will the US/China Trade deal happen this Month?
If yes, we sell the rally; If not, we sell the drop.
KEY DATES: May 8, 9, 10, 22-26
DJIA: 26600 PIVOT 25880 SUPPORT R1 26951 R2 27888
SPX: 2944 PIVOT 2954 OR 2958 RESISTANCE?
NASDAQ: R1 8177 R2 8200
GOLD: R1 1300 R2 1310 R3 1325
SILVER: 15 PIVOT
OIL: S1 62 S2 60 S3 58 66 RESISTANCE
COPPER: STEADY ACCUMULATE: H1 2019 à3.50+
US 10 year Sell < 2.50
BITCOIN: 6000 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 $1370
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: HEDGE AND PROTECT AGAINST DOWNSIDE RISK.
2. Why this cheap commodity shouldn’t be overlooked, even by stock-market investors
Many companies to watch and PREPARE TO BUY LATE MAY/JUNE ON!
3. 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!
Happily, there will be less competition from MMJ & Bitcoin “investors” as time goes on.
With seasonal weakness and some unfavorable astro leaving over the next few weeks, we advise patient precious metal investors to pay attention to stock selection and be prepared to buy upon SERIOUS WEAKNESS (TEST OF 1255-58?) OR TIMEWISE 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 $1370 = Commodity FV: 1332 + Currency FV: 1380 + Inflation Metal FV:1368 + Crisis FV: 1400.
Gold/Silver ratio à 78 Silver FV $18.
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 current optimism that things are bottoming out by those who have been wrong for quite some time is premature. I think the consensus will be disappointed again in the second half, and that will have implications for the corporate sector’s earnings situation.”
Felix Zulauf, head of Swiss hedge fund Zulauf Asset Management
HW: Or the reverse!
“The U.S. economy is in good shape in the spring of 2019.”
Gus Faucher, chief economist, PNC Financial Services
HW: Especially on a relative global basis.
"Global debt is a big problem."
Rick Rule, CEO, Sprott US Holdings
HW: I agree.
5. Now Is the Right Time to Turn Cautious on the Stock Market
Trump Is The Wild Card In Oil Markets
READER: "Tomorrow (5/1) may not be a good day for puts."
HW: No -The BEST time to BUY puts is when it seems nothing can stop the market from going up! - IF our prediction is correct, that is!
Author
Henry Weingarten
The Astrologers Fund
Henry Weingarten, was the founder of the NEW YORK SCHOOL OF ASTROLOGY and the NY ASTROLOGY CENTER and has been a professional astrologer for over forty years.
