1. JULY MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. QUOTES
5. ON THE WEB
6. LETTERS
1. WILL THERE BE AN
ECONOMIC RECOVERY IN H2 2009 or 2010?
Depending on how you define the “new
normal”, the answer varies. For the foreseeable future, we expect BOTH good and
bad news and hence there will be continued arguments as to whether “the cup is
half empty or half full”. Be that as it
may, there are plenty of economic challenges ahead that make many question
whether the green shoots are edible plants or garden variety weeds!
SELL IN MAY AND GO
AWAY SCORECARD:
DJIA 5/29/09 8500
6/30/09 8447
BOTTOM LINE:
Astrologically and economically, it is FAR
from over!
We would not be surprised to see test of Dow 8000 before, or
not long after, earnings season begins next week!
Former AIG boss on how to respond to, and profit
from, the financial crisis.
TRADERS:
Thin, choppy markets i.e. clueless trading with a downward bias into the July
earnings Season. Thereafter, a short rally is possible but I am unsure how
probable.
INVESTORS:
My long term view is well known. Focus on protecting against downside risk and only
buy and hold stocks with sustainable earnings at Deeply Discounted Value
pricing.
Invest
only in stocks at bargain basement price that you are willing to hold until
2011.
Soberly
prepare for the reality of an L (U?) shaped
FAIR VALUE: DOW 8000 NAS 1600 SPX 850
LONG/SHORT
PORTFOLIO: L1/S1
KEY
DATES: JULY 6, 8
DJIA:
8270/8500/8776 PIVOTS
SPX:
920 PIVOT
NASDAQ:
1850 PIVOT
XAU:
145 PIVOT 130 SUPPORT 160 RESISTANCE
AUGUST GOLD:930 PIVOT 880
SUPPORT 980 RESISTANCE
SEPT
SILVER: 14 PIVOT 13 SUPPORT R1 14.50 R2 15.50 R3 16
XOI:
900
PIVOT 875 SUPPORT 940 RESISTANCE
DEC
OIL: 70 PIVOT 62 SUPPORT 80
RESISTANCE
The new
Market Marker Sentiment has Less Volatility and Market Cross Currents.
Stocks Meander slightly ahead and
favor defensive plays. The
2008 CLOSE:
DJIA 8776,
SPX 903 & NASDAQ 1577
2007 CLOSE:
DJIA 13264, SPX 1468 &
NASDAQ 2655
2006 CLOSE:
DJIA 12463, SPX 1418 &
NASDAQ 2415
2005 CLOSE:
DJIA 10717, SPX 1248 & NASDAQ
2205
DJIA:
8 ~ FV 3 UV; 7 offer 4%+ Dividends 4 offer 5%+ Dividends.
THINK
TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE
RISK.
2. We await better
entries before buying or selling stocks.
3. Dollar
to Rise Most Since 1981 by Year End, Best Currency Forecaster Says
HW:
This view suggests potential headwinds ahead for gold and silver bugs.
The
currently stuttering gold price as the northern hemisphere enters the summer
season, traditionally a weak time for the gold price, could, some experts
believe be the last opportunity to buy gold before an autumnal surge.
HW:
We are long term fans of tradition.
According
to our Cosmic Valuation model, gold’s Q3 2009 Fair Value is $917 and therefore
today physical gold is slightly overvalued.
As
for Silver, while we are intermediate and long term bullish, we are not yet
ready to buy. However, below
$13.10-$13.25, we would no longer be comfortable being short either.
4. “We expect to see a correction in this market over the next
three months that will bring the Standard & Poor's 500-stock index to
between 800 and 850."
Sam
Stovall, chief investment strategist, S&P
HW:
In other words, stocks will return to fair value or below before year end – I
strongly agree with that view.
“If you think that the Housing Market and Financials have
bottomed, think again!”
Richard
Suttmeier,
Chief Market Strategist, Valuengine
HW:
We don’t disagree.
“It’s nice that have had a bit of a bounce in the market,
but there is still a wall of worry that can be climbed. The consolidation we
have seen is not unreasonable, but the next few quarters are going to be an
interesting test for sentiment.”
John Haynes,
HW: Agreed.
5. No
return to normal for banks
Equity issues hitting market at record pace
Record
levels of stock issuance by public companies over the past several weeks could
come back to haunt the market and hurt investors, at least in the near term.
6. READER: I am a new silver subscriber. Not sure, but
there is a recommended list of stocks to buy or sell? How can I see that list?
HW: Some of our views are in our
WSNW premium subscriber channel: http://www.afund.com/afundpremium.html. Have you looked at that?
(c)
2009 All
rights reserved THE
ASTROLOGERS FUND, INC
"Always a Stellar Performance"
wsnw@afund.com
Phone 212/949-7275 Fax
212 608
6964 32 West 39th
Street 12th
Fl New York, NY
10018
Author:
INVESTING BY THE STARS and THE STUDY OF ASTROLOGY
INVESTORS
ARE REMINDED TO PERFORM THEIR OWN DUE DILIGENCE BEFORE MAKING ANY
INVESTMENT
DECISION. ALWAYS INDEPENDENTLY INVESTIGATE AND FULLY UNDERSTAND ALL
RISK BEFORE
MAKING ANY INVESTMENT.
DISCLAIMER:
PAST RESULTS ARE NOT NECESSARILY
INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
The
Astrologers Fund Inc. accepts No Liability Whatsoever for Any Loss
arising from
Any Use of its Report or its Contents. The
Astrologers Fund (AFUND) is not a registered broker dealer or a
registered
investment advisor. The Astrologers Fund
Inc. or its Clients
Usually Holds Positions in the Stocks and/or Market Instruments
Mentioned and
May Buy or Sell At Any Time Without Notice depending on market
conditions and
personal financial conditions. This Information Is In No Way A
Representation
to Buy Or Sell Securities, Bonds, Options Or Futures.
This information is not intended to be used
as the sole basis of any investment decisions, nor should it be
construed as
advice designed to meet the investment needs of any particular investor.
Please
read our Disclaimer
for more information and note that my clients and I are shareholders
and may
act in the open market.
ALWAYS
CHECK WITH YOUR LICENSED FINANCIAL PLANNER OR BROKER BEFORE BUYING OR
SELLING
ON THE RECOMMENDATIONS OF THE ASTROLOGERS FUND INC.