1. JANUARY MARKETS
2.
UP STARS/DOWN STARS
3.
GOLDEN OPPORTUNITIES
4.
QUOTES
5.
ON THE WEB
6.
LETTERS
I. INFLATION,
DEFLATION OR BOTH?
II. HOW
MUCH MORE UPSIDE, IF ANY?
III. ANOTHER
CORRECTION COMING? IF SO, 10% 20%?
AFUND VIEW:
I
Both: Deflation (short term) having the upper hand despite Ben.
II 4%-6% potential upside 40% probability.
III Yes: 12%-18% in H1 2010.
Technically, we are likely to be range
bound +/- 300 DJIA until end of January.
Fundamentally, we believe more of the
same: Some selective good news but forward projections cloudy and/or difficult.
.
Astrologically, post FOMC, end of the
month is our next KEY market momentum halt.
BOTTOM LINE: We continue to believe there
is better risk/reward (3-1) to favor market bears.
TRADERS:
Short/Intermediate Term top in now or end of month?
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 prices that you are willing to hold until
2011.
Soberly
prepare for the reality of an L or U shaped
LONG/SHORT
PORTFOLIO: L1/S1
DJIA:
10547 PIVOT
SPX: 1130 PIVOT 1100 SUPPORT 1160 RESISTA
NASDAQ: 2291 PIVOT
XAU: 175 PIVOT 166 SUPPORT 190 RESISTA
FEB GOLD 1140 PIVOT S1 1120 S2 1100 S3 1080 1160
RESISTA
MAR SILVER: 18 PIVOT 17.50 S1 17 S2 16.50 S3 19
RESISTA
XOI:
1070/1080
DUAL PIVOTS
FEB OIL: 78 PIVOT 73 SUPPORT R1 80 R2 84 R3 85
US$ 77 PIVOT 76 SUPPORT 79 RESISTA
Market Marker Sentiment until March
2010 is Less Volatility with Market Cross Currents.
Stocks Meander slightly ahead and favor defensive plays.
The
2009 CLOSE:
DJIA 10428
SPX 1115 & NASDAQ 2269
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:
5 ~ FV 1 UV; 3 offer 4%+ Dividends 2 offer 5%+ Dividends.
THINK
TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE
RISK.
BUSINESS & BANQUETS
At Sidotti’s first 2010 Microcap Conference we discovered one
intriguing Biotech - Sanuwave (SNWV) - which we have added to our watch list.
AFUND INVESTING WINTER 2010
Given our bearish bias, we remain primarily interested in
either special situations or attractive long/short hedging.
3. "If the dollar
strengthens, we're seeing a lot of that risk trade that has been moving into
gold--for fear of hypinflation or whatever--start to move out of gold."
Kevin
Kerr, editor, Kerr Commodities Watch newsletter
HW:
Hopefully we have an opportunity to buy under $1011.
At the first annual Dahlman Rose Emerging Miners CEO
Conference, host analyst Adam Graf’s theme was:
“Large Gold producers only provide Leverage (to
gold), while Junior Miners provide Value AND Leverage.”
I agree 100%. One
timely source of gold/silver juniors is to research the companies presenting at
our upcoming February
Triple Gold Conference in
4. "A lot of people will be reassessing the risk they have
in their portfolios with regards to earnings."
Peter
Jankovskis, co-chief investment officer, OakBrook Investments
HW:
Very timely advice.
Brian Battle, vice president, Performance Trust Capital
Partners
HW: Not everyone - not me.
“Any disappointment will make
people rethink their level of risk at this particular stage of the economy. The
credit issues here and outside the
Bruce McCain, chief investment
strategist, Key Private Bank
HW: We agree- The risk of risk is
greater than the potential reward mid term.
5. Ten
money-making investment ideas for 2010
Treasury
Investors Most Bearish in Two Years as Deficits Rise to Records
6. READER: Re: “Buy Gold” - Your analysis is correct. But on the other
hand you say Gold is overpriced at
these levels. I am confused at your analysis.
HW: As a VALUE investor, I find gold
overpriced above $1011 currently.
However, as insurance or a portfolio hedge for various risks, e.g. US$, inflation, some
investing gold should be owned long term.
READER: Why Silver over
Gold?
HW: Astrology primarily but also the gold/silver ratio.61.45 is high
and projected lower.
(c)
2010 All
rights reserved THE
ASTROLOGERS FUND, INC
"Always a Stellar Performance"
wsnw@afund.com
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