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Weekly Newsletter

U.S. Debt Clock http://www.usdebtclock.org/ tick....tick....tick......tick.....BOOM!

How much further in debt are U.S. Tax Payers?

RECAP FOR THE WEEK OF: June 28, 2010

EXPLOSIVE is the key word again for this week with regards to Mother Nature and the Financial Markets. The word UNEXPECTED is at work also.

Nice chart at the Wall Street Forecast showing the "Once in a life time astrological event" we are dealing with, and which is centered around July 23-August 8 time frame. http://wsf.typepad.com/

Bradley cycle is showing a dip into July 12th, rally to Aug 10th, then down, down, down. Or, maybe it will be July 7th: Gann 07/07/10 reversal date is 90 trading days from the secondary low in Feb. 2010, about 180 trading days from the Oct 2009 High and 270 trading days from the June 2009 High.

Monady and Wednesday are bullish. Tuesday should show a drop in prices, and Thursday has a 95% chance of showing a gain.

The Moon's declination reached its max southern declination of 25° on Friday. Markets tend to be bearish when the Moon's declination is near its max, and bullish when near 0° which will be Friday.

I am expecting metals and treasuries to go higher, but don't forget that key word UNEXPECTED.

S&P 500 -- Support became resistance last week. Watch for a decline below 1040. Such a decline would give us Head-and-Shoulders pattern.

Treasury Bonds -- Are breaking to the upside of a triangular continuation pattern.

Gold -- A drop below 1200 would trigger a sell signal, but I don't think we'll see that happen this week. The dollar is declining and from what I can gather from numerous blogs, the general consensus is that it will continue to loss ground.

A nice over view on the current markets by Liz Ann Sonders

And here is another look at the current mess that has 20 major countries on the edge of insolvency
The End of The Great Bailouts is Approaching

Follow-up -----------------------------------------------------------------------------------------------------

Tuesday, which we suggested "Tuesday should show a drop in prices" dropped 268 points. Most of the week we saw a bullish tint, but we got 5 days of losses. Even Thursday which was the first trading day of the month, and is almost always a gainer, also showed a lost.

Tuesday saw the S&P drop below the 1040 level as we warned.

Gold was all over the place this week, reaching a high of 1260 and finishing the week just above 1200. Silver hit 19 then plummeted to below 18 on Friday.

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FORECAST FOR THE WEEK OF: July 5, 2010

Hold over from last week --------------------------------------------------------------------

EXPLOSIVE is the key word again for this week with regards to Mother Nature and the Financial Markets. The word UNEXPECTED is at work also.

Nice chart at the Wall Street Forecast showing the "Once in a life time astrological event" we are dealing with, and which is centered around July 23-August 8 time frame. http://wsf.typepad.com/

Bradley cycle is showing a dip into July 12th, rally to Aug 10th, then down, down, down. Or, maybe it will be July 7th: Gann 07/07/10 reversal date is 90 trading days from the secondary low in Feb. 2010, about 180 trading days from the Oct 2009 High and 270 trading days from the June 2009 High.

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S&P 500 -- It fell below 1040, and activated the Head & Shoulders pattern. The next target would be 875, but I am not expecting it soon. I see a rally this summer, and it could start anytime betwee now and 7/23. Of course, with the "UNEPECTED" AND "EXPLOSIVE" influence currently in the markets, anything is possible. A sharp drop this week or next, and then a rally? That is possible.

Treasury Bonds -- Demonstrating a pattern often seen as a final thrust in a rally. Look to exit.

Gold -- Looks like we are going lower. Drop below 1180 is a definite sell signal.

Remember, the full extent of this economic depression is still to come, and it will be here befor April 1st 2011. Personally, I have a bulls-eye drawn on the Oct-Nov time frame.

Uranus turns retrograte on July 4th. It is responsible for much of the "EXPLOSIVE" and "UNEXPECTED" influences I have mentioned the last two week. It is now at its strongest. Wild price swings can be expected.

Gann reversal date: 7/7

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