Asian Stocks Rise on Speculation Global Recovery Still Intact
Looks like the blindfolds are back on.
Well it sure appears that way! But I will give you a hint….Over the last month the market has been down. The BP oil spill has been on every major news network around the world, the EUROPEAN crisis is sinking to its all time low. Nothing but negativity.
Through this time trading the market has been fun and profitable, but I am very cautious at the moment. WHY? The charts and our NEWSLETTER MEMBERS have our recent alert and after spending many hours doing some analysis I think that news always comes out in the charts first. And I still feel this is the case.
For a while now I have been seeing a trend we call GOOD COP BAD COP. Let me explain. For weeks we heard of nothing but bad news while the market went down. Now the tone seems to have changed. We are hearing bout South Africa and the massive world cup game and celebrations yada yada…the friendly comes to visit us its seems.
BP claim to mysteriously have fixed some of the oil gushing into the coastline waters, and the european debt has almost but vanished from the prime time new hour. HUH? yes, I have been scratching my head also. But it is the game they seem to play very well.
We do things equalize out for a while, I think the real damage will come in the fall of this year. So we do have a plan for how to trade this, and so far it is going to plan. Our IMAFIA has been doing well, and I hate to put him in the corner like a naughty child and just ignore him.
Even though as we forecast, there are rough times coming, we still see this happening, I see there is massive opportunties coming that can make you alot of money. (ESPECIALLY IN THE GLOBAL MARKETS) and in many other areas as we are syphening them out and helping our members profit from these many trends coming before they sprout up.
Asian Stocks Rise on Speculation Global Recovery Still Intact. Same story they have been telling everyone for the last 2 years or so. Need I say more!!!
As promised, here is the most recent ‘trends alert’ we sent to our full paid members 1 day ago.
**TRENDS ALERT MESSAGE** sent 5/2/10
This week we were expecting the dollar to strengthen and we can see the USD going even higher.
The US dollar is in a lot of trouble, however technically for now, we see that higher prices are quite likely in the short term so stay vigilant.
I know I have talked about a rise in the dollar which could in fact put pressure on the metals also, and now we are seeing solid evidence of that. For those asking yes, we still have our metal shorts (gold, silver)in the markets which are working very well. and we remain solid on the fact that if the dollar keeps rallying we will continue to see more downward pressure on metals and the stock markets also.
One must play with extreme caution here but you must realize technical analysis rules on all levels, not idiots brokers, fund managers that don’t know what they are doing and others with simply no clue. Our members have seen how powerful technical analysis is when we rode gold up from the 900 dollar an ounce market all the way to 1200 level last year (2009).
We have lower targets in the stockmarkets but are still worried for metals and metal investors especially those who got in late.
Our studies now indicate that it is a real possibility that gold could come down even in to the 3 figures level. YES, below the 1000 dollar an ounce level and seeing the negative market action yesterday that seems to be confirming our thoughts.
We do see a time and perfect opportunities for buying gold back, because we have been buying on the big dips, but that time is not in front of us yet as we feel.
There are lower targets also, but we We will talk more about this in our newsletter that is coming out in the next week or so.
Regards
John S.
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We have had a lot of people emailing today asking what has been happening with the market. The dow peeled off 4% today and its action is very interesting. Have a look at the latest S&P Chart below.
You can clearly see that January was not a good start to this year and we have clearly broken some significant levels. Alot of the Greece and Spain default news is hitting the markets and people around the world. And it is doing a lot of damage. I remember talking about this in my newsletter some months ago.
Seems that the bulls have the noose around their neck. But there are no surprises here. Why have we been going up that much!!? was there any self reliant evidence that things were improving. NO! so why are people so panicy as we sold off HARD today.
It was bound to happen. Alot of people don’t believe me when cuss the government and their games. They want you to think things are improving but you will see over the next few years the BIG BIG BIG changes coming. I cant say it enough. Don’t panic, I am not giving you a Will Smith I AM LEGEND scenario, but I will let you know there are big changes coming.
For now we just watch and wait with this market action. I have much to say and have decided that so many of my followers are well behaved I am going to give you all a FREE trends alert that only our PAID members receive.
I will be back in the office tomorrow and release this on the blogosphere here. Make sure you have a look, as we feel it is a very important update. One of the most important in 2010.
If you wish to become a full member and receive all our market updates you can
Well it seems that sanity has come back to the market. Yes as your read this we have had the biggest 3 day drop on the market in nearly a year. I could fill up this page with reasons why….but If you have been tagging along and listening to our messages then you will fully understand. When I woke up and heard the market reports on the news, the first WORD that came to my mind was SANITY…..
AS the market kept climbing to new highs, the INSANE, no scratch that out…HIGHLY INSANE people kept just buying on all the government funding and money they kept pumping in the market. In all seriousness this was a fake rally, and lasted too long. Many people who kept buying kept getting use to making lots of money….so what did they do …KEPT buying. as I said CLINICALLY INSANE….with a double scoop of IGNORANT on top!
Now people are seeing the market dip hard here and are making all the excuses in the world. Obama has finally stepped up to the plate and started to get his cane out and whipping the naughty school boys on wall st for getting back to their dirty practices. Ummmm bit late for that now. But I say to Obama better late than NEVER.
I dont think he has come a long way since his election speech…what was it again!? YES WE CANNNED HAMMM! or something like that.
Anyway no matter what happens here on the market, up or down (down seems more likely the case) it has been FUN for myself and traders in the office, the video below I show you why???
If you are getting sick of all the Hoo-Haa on television as of late, Oh BOY are you going to love this!
Here is a clip from October 16, 1987 – the Wall Street Week broadcast before Black Monday. It’s interesting seeing how the experts talk prior to a drop of an equivalent of 2,200 modern-day Dow points the very next session. Martin Zweig predicts, “Early next week I expect a violent rally”. Well, at least he got the “violent” part right.
I have as much respect for these creation’s as I do for that pussy, yellow mucus infection you sometimes get under your toenails.
Well…it seems that Bernanke was back spitting into the microphone again today, reaming on about how good the economy is. That sent the market flying up again, but if you have been watching the market it feels like Deja Vu all over again, just like back in 2008. The big rally up before an obliterating sell off later in the year, which even some of the half average analysts didn’t expect. But we explain more about this in our newsletters
UPDATE : Alot of our blog readers are emailing in asking when our newsletter page will be active. Well.. after many glitches & technical issues I can safely say that we will have everything up and running by Monday 24th of August.
We realize that this recession has people in a bit of a tight corner at the moment and we are here to help out, so that is why I have agreed to offer our great service at a 70% OFF DISCOUNT. Yes all the newsletters and alerts for 70% off our normal price. But only for a short period.
If you have any other further questions, you can contact our staff at contact@forecastfortomorrow.com
I will give you a quick friendly nudge on Monday as a reminder. Would be glad to have you aboard.
