Wednesday Jan 23rd, 2013 Newsletter - free
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Table Of Contents:
1. General Market Analysis/Comment, Big Picture Analysis, and Comments on AAPL 2. Precious Metals: Gold, Silver, GDX Swing System and GDX Analysis 3. BOIL Natural Gas ETF and DBA 4. Trade Ideas, New ones and coverage on previous ones |
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Week of January 21 - January 25
![]() Actual refers to the actual figures after their release. Briefing.com Forecast refers to Briefing.com's forecast. Briefing.com Consensus represents the market consensus estimate for each indicator. Prior represents the last actual for each indicator. In cases where the release is a revision to an earlier estimate, as is possible with GDP, productivity, and U of Michigan sentiment, the last actual refers to the preliminary estimate for the same period. After a report is released, the Prior column reflects the prior figure as revised. The Revised From column lists the prior number as it was originally reported, ie before revision. Not included: Mitsubishi and Redbook chain store indexes are released every Tuesday morning. M2 is released every Thursday at 16:30 ET. |
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Stock Earnings Calender: Click here for a list of Stocks that are reporting Earnings **Generally we never hold a position into earnings since the risk/reward is too great |
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As you know, the market has come all way since the March 2009 bear market bottom where the S&P 500 hit a devils low of 666, today it stands just shy of 1500!
Here's a monthly chart of the S&P 500, potential targets for this year are 1550 - 1600 or the upper trendline (which also corresponds to roughly 1600. However my long term thoughts remain the same, I still consider this bull market, which began in Mar 09 as a cyclical bull market in a longer term Secular Bear market which began in 2000. Secular markets tend to last 16 - 18 years on average, this secular bear market is nearing 13 years now, so historically it's too short to be over. I think the market will be due for another down cycle perhaps later this year or next year - again one target could be the upper trendline of this monthly chart.
here's a history of secular markets, as you can see, they last more than 13 years:
2000 - Present, Secular Bear Market, 13 years so far
1982 - 2000 - Secular Bull Market, lasted 18 years
1966 - 1982 - Secular Bear Market, lasted 16 years
1948 - 1966 - Secular Bull Market, lasted 18 years
1929 - 1948 - Secular Bear Market, lasted 19 years
1920 - 1929 - Secular Bull Market, lasted only 9 /1/2 years (shortest one)
1904 - 1920 - Secular Bear Market, lasted 16 years
So as you can see from this history, I would expect this current secular bear market to not be over yet, I think we have one more down cycle to go through. I don't think the 2009 lows will be tested at all, however a 50% - 61.8% retracement could occur, then perhaps after it's over we'll be ready for the next secular bull market to begin in late 2016 or 2017. See my chart.
Long Term SPX system from 1961:
Of course whatever the market does, my long term long only system will catch the major trends, this system catches the majority of bull market moves and is out during bear markets. Notice that this system when to cash in Jan 2008 well before the big decline in 2008, then got back long in April 2009 and is still long |
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