Saturday (morning) Weekly Market Wrap for November 3, 2012
Good Morning: It's Saturday again ...
Accuracy in Forecasting is what it is all about:
This all dates back to over 50 years of my work / analytics of Inflection Points.
I have written a large number of articles on my Methodology which is based on the early and clear Forecasting and Identification of all Inflection Points. I know of no other source of information and data that provides LEADING guidance with this consistent accuracy.
All my articles are based on "My Methodology" - You might consider spending some time reviewing the following URL: http://www.safehaven.com/article/27312/my-methodology
The Market for the Past Week
It was a good week again if you are Bearish and I / We (Clients) are definitely "Bearish." I continue to look for a Bounce / Mini-Rally that just does not materialize. If or When it ( a Mini-Rally ) does happen, it will "sink the ship" and all kinds of negatives will begin to be reported by Washington and other Capitals of the world. ( this of course is not going to take place until after the U.S. Elections and perhaps beyond ). Remember, I have said: the U.S. is in an (unannounced) Recession, that and much more will be "announced" AFTER the Election.
More on that tomorrow - exclusively in my "Client Weekly ( "Detailed" ) Forecast - Update."
Historically it was a strange week, but my Saturday Wrap really did not change anything.
The "NEWS" (as reported by the U.S. media - that I dislike SO MUCH) said: Obama is JOBS CREATER! There are more people working than when he took office in January 2009. That was reported Friday, and the Market lost all of Thursday's gains. There is a fox in the hen house and nobody seems to CARE! I have said for Week's that there would be a Release of News that would stimulate HIS re-election. There it is and the timing is perfect. The Honestly and Ethics, however just might be questioned???
For the week, the Dow and the Nasdaq lost over one percent. Hum!
My Valuation Forecast of not such good Earnings was endorsed and magnified this past week with all major Indexes losing - the DJI lost another 1.3% percent.
Europe and Asia are not doing any better.
Not a pretty picture...
My Inflection Point (I. P.) Count
Dropped to a recent Low of 40 last Friday and bounced up to 50 this Friday. I continue to be impressed with My New Proprietary Indicator.
You might want to stay in touch with My ( NEW ) Proprietary Indicator. Go to: http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=1&mn=6&dy=0&id=p79023347983&a=270034212
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Repeating: I continue to find little to nothing to de-rail my position that the U.S. is already in an (unannounced) Recession -- and -- that a "Confirmed" Bearish Inflection Point is well over due.
Again -- The Market was NOT Up as Forecast!
Note: My Forecast for the General Market is Bearish, but REQUIRES "Confirmations" to be active. Until my "Confirmations" are in place (Kick-In) I cannot take further Bearish Positions.
Treasuries were Up a bit but and has looked anemic for nearly 5 months. That's Bearish! A Rally is in the making.
The U.S. Dollar was Up a bit and is looking to rally some more. Well my Rally now looks like it is Topping.
Oil (Crude) was Down over one percent again. It is coming lower for a short time and then a Rally.
Gold Turned Down again this past week by over one percent. I am Forecasting a continued Pull-Back. It looks like my Bearish Forecast is doing well.
Commodities (Comprehensive) were Down again. It does seem to be bottoming.
I hope you will permit me to answer your Questions and Thoughts.
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The following are the 13 Companies and 13 ETFs that I providing Articles and Alerts / Warnings. Remember, these are only my Bellwether Companies as a partial guide to use my Rotation Model to Identify the Currently Most Favorable Companies and ETFs to consider at the time of the above mentioned Inflection Points.
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Smile, Have Fun - "Investing Wisely,"