Financial Astrology For The Sucessful Investor And Trader

1. JUNE MARKETS                                                                   
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES                        
4. QUOTES
5. ON THE WEB
6. LETTERS

1. US Stock Markets, as well as Gold are now more than FULLY valued. While we at some point we expect to see them higher, the risk/reward of ownership is not as attractive except for periodic short term trading.

We believe Trump will have a good G30 meeting next week, but that news may be already built in.

So while SPX 3000 COULD arrive sooner, rather than later, we prefer to be short/exit SPX 2954-58 but with a sensible Stop & Reverse Trading view.

Investors who don’t mind market volatility, can slow add and accumulate undervalued or market momentum stocks.

STILL AHEAD 2 TRADER’S DIAPER DAYS

June 28/29 G20 Osaka Summit

July 2 ASTRO:TOTAL SOLAR ECLIPSE & VIENNA OPEC MEETING

Proper Valuations:

DJIA > 25000

SP > 2750

OIL < 58

IMHO “Improper” Valuations

US$ < 97

US 10 Year Bond  <2.20

TIPS  > 114

COPPER < 3.20 

BITCOIN > 6000

GOLD > 1385

SILVER < 17.25

FIRST EPISODE OF YOU BETCHA YOUR LIFE (SAVINGS):

Sell SP 2954,  Sell 2945 KACHING: Both Covered 2840!

SECOND EPISODE OF YOU BETCHA YOUR LIFE (SAVINGS):

Sell SP 2888, Sell 2880 KACHING: 2812 & 2750 Buy Gold 1286, 1280 KACHING 1400, 1410

THIRD EPISODE OF YOU BETCHA YOUR LIFE (SAVINGS)

Sell SP 2954  Buy Copper 270

H1 2019 TRADING HEDGES: 

Sell Oil 62.62  Buy Gold 1297 Cover Oil 60.62  Gold stop now 1388

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 1388

64K QUESTION: Will the US/China Trade deal happen next week? This summer?

Until the China/US spat is reduced/closed, market volatility remains.

HYDE PARK SOAPBOX: Trump Warns of Epic Stock Market Crash If He's Not Re-Elected

MARKERS        DJIA                        SPX                        NASDAQ                SILVER                  GOLD                   COPPER                BONDS                    OIL                        BITCOIN

KEY DATES:       JUNE 28/29, JULY 2

DJIA:                   26200 or 24800 SUPPORT?OT 27800 RESISTANCE? 

SPX:                    2950 PIVOT S1 2930 S2 2915 S3 2900  R1 2958 R2 2980 R3 3000 R4  3050

NASDAQ:            8000 PIVOT 7500 Support?  8200 Resistance

GOLD:                 1400 PIVOT S1 1365 S2 1350 S3 1340 R1 1415 R2 1425 R3 1450

SILVER:              15 PIVOT  R1 15.50  R2 16  R3 16.80 R4 17.25

OIL:                     58 PIVOT 50 SUPPORT  61 RESISTANCE

COPPER:            STEADY ACCUMULATE : 2020 à 3.50+

US 10 year          WATCH

BITCOIN:            10000 PIVOT 12000 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 $1385

THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: HEDGE AND PROTECT AGAINST DOWNSIDE RISK.

2. Slack First Trade  6/20/2019 ~12.08 pm at $38.50

We continue to recommend Maximum Allocation or fresh precious and base metal investments for the intermediate and long term!

“You could argue that at current levels copper is pricing, maybe not a recession, but certainly a slowdown.”

Carsten Mnke, commodities strategist, Julius Baer

HW: But you are obviously NOT looking at Copper’s astrology- H2 2019 is coming!

Gold is now slightly overvalued (above $1385), while some Gold and most Silver stocks are still undervalued.

There are many quality undervalued commodity stocks. Stock selection is however, important. We recommend buying stocks sporting strong cash flows, sound balance sheets and growing dividends.

Actively managed portfolios are deservedly outperforming index funds in current bifurcated markets.

3. Gold bugs are finally happy! Soon most gold bears will have by and large given up and calls for $1500 & $1600 gold will become more frequent (even if wrong).

Gold Fair Value increased from 1372 to 1385; Silver from 17 to 17.25 and hence today Gold is overvalued!  But just as it was undervalued for a long time, it CAN and is likely to be overvalued for a long time. 

This implies more care is needed for investors in selecting precious metal stocks, which we repeat, by and large are still under-valued!

Friday we almost pulled the trigger on shorting gold at $1411 but did not, given in August and in much of the Fall, the astro is very positive for gold.  

We advise precious metal investors to pay attention to stock selection and can add 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 $1385 = Commodity FV: 1354 + Currency FV: 1378 + Inflation Metal FV: 1360 + Crisis FV: 1448.

Gold/Silver ratio à 80  Silver FV $17.25+.

INVESTORS: We plan to stay LONG in H2 2019 (recommending a precious metal sector buy/hold rating and only occasional hedging, selling or profit taking).

However as traders we may periodically short or sell physical gold starting $1411-1450. For silver our first selling numbers remain $20+.

4.  “We think that favorable and compelling developments on trade at the G-20 will obviate the need for the Fed to cut rates. Without a trade deal, we think that the Fed will cut the fed-funds rate by 50 basis points.”

Ward McCarthy, chief financial economist, Jefferies

HW: There are other possibilities such as “wait and see” if a trade deal is simply delayed or has only slight progress without an elevation of a US/China trade war.

“It is hard to imagine global central banks out-easing the Fed in the coming months since everyone has run out of ammo with negative rates, compared to the Fed that has a nice cushion. This marks the green light for the start of the USD bear market.”

Paresh Upadhyaya, Global Bond Portfolio Manager, Amundi Pioneer

HW: That assumes the Fed will be easing as much as the markets expect- we do NOT agree!

“The OPEC meeting is critical, as an extension of OPEC cuts is essential to stabilize the market.”

Jay Hatfield, CEO, InfraCap

HW: A whether choosing the July 2 Eclipse date for the Vienna meeting will in retrospect be considered an act of genius, stupidity or ignorance remains to be seen! .

5. Five market conspiracy theories that may be more plausible than you think

Stocks Now Offering the Best Selling Opportunity In 10 Years

Bull Market Saved, Central Banks Now Risk an Investor Backlash

6. READER: I few years back you recommended Valero stock and you were right, it had a great run afterwards. 

You also recommended Boeing a few years back when it was at $60 and it had an amazing run after. Of course I didn’t buy them! 

Do you have any favorites at this time?

HW: In what sectors?

READER: Energy/oil stocks or any other good opportunity stocks in the DIJA or Nasdaq.

HW: The question is timing and whether markets correct short term first

For energy we like Haliburton (HAL). We are looking at Chewy (CHWY) when cheaper (25-30).

There are quite a lot of stocks of interest, and in July we will give more here.