FIRST STOCK MARKET SWING LOW DUE TODAY, AUGUST 9TH

FIRST PART OF STOCK MARKET CORRECTION LOW DUE TODAY

The first part of the correction on the stock market is due to be over today.  NQ broke and projects 15061 on NQ futures.

Watching a minimum of 4455 on S & P cash and a max. of 4434 on cash and we might as be patient as today was a turning point and they are going for the lower numbers.

Buying the dip today is gambling for PPI and a 1 week rally and it is traders play for a bounce. Inevitably we are more caught up in wanting to buy the August 22nd low for the last move up.

Cycles look positive for an upward reaction on Thursday as there has been a series of better PPI numbers lately. Higher energy prices into the Sept. high will upset the numbers next month and the question is whether today’s strong rally in crude and energy stocks will be a reminder that the end of the lower PPI numbers is over.

 
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Smoke and Mirrors from the Employment Report

SMOKE AND MIRRORS IN THE EMPLOYMENT REPORT:

Stock indices went right up to the breakout point on Friday at 4560 on S & P futures  and had a weak close. We have had a bias that this market would break into Wednesday but we did find cycles that are negative for the dollar and better for gold and bonds into Wednesday but we think we are just getting retracements there.

We are wrong about crude as the move above 8300 opens the door for 84.85 or 86.65 before we get a max. break to 7500.  We still have weak cycles next week.

There was a lot of smoke and mirrors in the employment report if you look closely as zerohedge.com did:

Well, one look at this month’s adjustment and it’s literally a shocker: you will not hear anyone from the Biden admin or associated economist cheerleaders mention this, but the BLS reported that in July the number of full-time jobs plunged by 585,000 to 134.274 million, the biggest monthly drop since record Covid crash of 14.7 million jobs!

But if full-time jobs crashed how did the BLS get an increase of almost 300,000 employed workers? Simple: it was all in the surge of part-time workers. In July, the number of part-timers exploded by almost one million – 972K to be precise –  to 27.153 million.

Finally, going back to a quantitative read of the data, we look at the number of multiple jobholders – those workers who have to work more than one job at a time to make ends meet. In July, that number surged by 118K, and at 8.113 million was just shy of the pre-covid record hit in July 2019.

Putting it all together, if one believes the headlines, in July the US added 187K payrolls, and the number of employed workers rose by 268K. However, taking a closer look at the composition we find that in July, the number of well-paid, full-time workers collapsed by a near record 585K, offset by a 972K surge in part-time workers. As for the balance, it was the 118K people who discovered last month that to keep up with the economic miracle that is Bidenomics, they need to work at least one more job.  (https://www.zerohedge.com/markets/inside-todays-disastrous-jobs-report-part-time-jobs-soar-1-million-full-timers-crash )

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CONFIRMED SELL SIGNALS IN MANY MARKETS–WHERE ARE THEY GOING?

CONFIRMED SELL SIGNALS IN MANY MARKETS
— WHERE ARE THEY GOING? 

Fitch downgraded US Treasury Bonds today and the markets were not happy.  NQ 100 futures issued a sell signal by taking out 15540.   August gold futures broke below 1940 and Sept. silver broke below 2410 to issue sell signals.  The cash dollar got above 102.60 to issue a stronger buy signal.  Crude oil had broken out earlier in the week hitting 8240 but is reversing and staring a correction.

These signals just happened within the last hour and for those of you looking for shorts, there is still time and room to make money. Most of these plays are traders plays for the short-term as we do not see a top in the stock market until September and the same is true for oil and gasoline.   Stay on top of new entries and projections with our Fortucast Timers. 

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July Astro-Finance–The Rockets may Pause

ASTRO-FINANCE FOR JULY 2023
By Barry Rosen
The US survived the debt ceiling crisis and kicked the can down the road past
the 2024 elections. What’s another 2 trillion dollars in debt? The military-industrial
complex is enjoying its spoils as Congress and President Biden pour money into
another opportunist war to protect democracy. But Zelansky just said there
would be no elections as long as there is war and he jailed a US journalist who
was critical of the war and is banning Russian books and the Russian Orthodox
Church. Sounds like a wonderful democracy. Not seeing a happy ending here
and we worry about the escalation with NATO and Europe determined to push
the world into war.
Meanwhile, President Biden’s chart continues to suffer from Rahu transiting over
his natal moon in the 6 th house at 7.56 Aries. While the mainstream media is
ignoring the Republican findings of political influence peddling and over 20 bank
shell bank accounts for Joe Biden’s relatives, one knows this scandal cannot go
on forever. Will it take until the next Lunar eclipse on Oct. 28 th at 12 Aries near
his natal moon to knock him out of the ring while the Sun transits his 12 th house in
the sign of debilitation? The media is even starting to turn on him as his party
sees the writing on the wall and Kamala Harris has the lowest popularity of a VP
in years. Her Moon is at 4 Aries and will also get hit by Rahu this fall and will
suffer from the eclipses. Her Mercury mahadasha (Adhana Vimshottari Dasha)
is connected to Rahu and Swati in the 5 th and she may well rise.
STOCK MARKET:
The pause in the stock market has been brief. It is close to a technical breakout
at publication and we still think it is vulnerable at least into July 9 th . We are not
expecting much of a pullback now. We have noted in previous issues that the
Jupiter/Uranus connection in late Aries will hold AI and tech up into early
September.
The Jupiter/Rahu conjunction continues to push the tech bubble and AI craze to
the moon. We do not see it ending until early September with Jupiter
approaching Uranus toward the end of Aries. The media is calling for a new bull
market but the 20% figure has always been rather arbitrary.
If the S & P cash takes out 4505 by July 3 rd , then pullbacks into July 9 th will be
minor and the trade may start pushing the stock market back up. Usually the
the Mars/Saturn opposition into the week of July 17 th is not helpful and
Mars/Saturn oppositions tend to create labor strikes and UPS is close to
announcing a strike at publication that would cripple the supply chain.

The stock market usually does not like the Mars/Saturn opposition which is
between Leo and Aquarius into July 20 th as Mercury goes retrograde into July
22 nd in Leo. Not sure if the market will be able to take off again until after the next
rate hike.
The next FOMC meeting is July 25-26 th and at the moment there is an 85%
chance of another rate hike coming and we wonder if that will put the breaks on
this recovery rally in progress at publication.
With Jupiter's proximity to Uranus peaking with the Jupiter station into Sept 4 th ,
there will be some kind of high on the year for stocks into that window. We are
starting to think that NQ 100 could get up to 16500-17000 with the AI craze and
pull Tesla up to 304. Doubt that Tesla will take out 230 now.
With Jupiter going retrograde from Sept. 3 rd into the end of the year, we will get
recessionary action happening. We do not expect the FOMC to ease rates until
next year. We have been looking for a difficult time for US stocks in
September/October/November. This is also coinciding with the 12-year cycle of
Jupiter in Aries when in Sept. 2011, stocks made a high and then fall into May of
2012.
The problem for the fall is Jupiter will be opposing the debilitated Sun and Mars
in Libra with Mercury in the fall of 2023 and that is similar to the oppositions we
had between the bearish signs of Aries and Libra, two air signs, which caused
more rapid stock market declines. In Oct. 1987, we had something very similar
and hence there is more crash energy in the fall of this year.
The context for a major financial crisis continues to be there this fall as the house
of cards of world debt, endless war expenditures are not going to come to a
pretty and neat end. Still, the powers that be manage to do what they can to stay
in power for the sake of the rest of us.
PLUTO RETURN FOR THE US :
This year has always looked better than 2024. We have been looking at the US
Pluto return into May/June 2024 for a while and it tends to cause big shifts in a
super-power. Rome and the United Kingdom were not the same after the Pluto
returns. Juliana Swanson did a long presentation in Dallas last week and she
noted that changes in all these superpowers occurred to waging expensive wars,
corruption, over-spending, and loss of moral and ethical standards. Any
surprises here? The April 8 th Solar Eclipse in 2024 makes X across the US and
is very powerful because it occurs during the day. It appears to be another huge
omen. (https://astralharmony.substack.com/)

The feeding of the military-industrial complex continues with billions of dollars as
money pours into Ukraine but their history of corruption has us wondering where
is all the money going. There are no victors in war and just too many victims.
Private figures suggest over 300,000 deaths on the Ukrainian side. Zelensky
wants the war to spill over into Europe and NATO is also a war-monger and we
think it has a good chance of happening into the summer of 2024 as no one
seems to want to talk peace. Where are diplomats when we need them?
I do know that there are powers of good trying to shift the energy of the world out
of war and power games and totalitarian control. Do your part by meditating and
contributing to the growth of world consciousness.

BANKING CRISIS:
At publication, banks are still drawing heavily on the FED’s emergency funding
window. On the horizon for a new crisis is the banking situation which we
warned is in trouble in July. The banks passed the stress test by the Federal
Reserve but the commercial real estate crisis is there to rear its ugly head in the
background and that may be a cause of a problem this fall.
We had mentioned that the banking crisis would not go away. We are at the
Jupiter/Rahu conjunction, which is a signature for bankruptcy, and it happens in
the True Node system on June 2nd, and a bit earlier in the Mean Node system.
GOLD
Gold has failed to launch and will more likely do so in the fall and winter with a
more extended financial crisis unless the banking crisis comes earlier.
Larger cycle highs for gold are due in Sept. as it is gold like the Sun in Leo and
Jupiter will be trining it and we have another cycle high in early November with
Venus trining Pluto into Nov. 6 th as I find Venus/Pluto aspects are often
connected to gold highs. Mars going into Leo at publication should help a bit but
we are concerned that if gold breaks 1890, it would fall to 1820 and seasonally
then the planets go through Cancer, 12 houses from Leo, gold is in trouble.
We have seen banks trash gold by selling futures for years and are not sure
they will stop and a break of 1890 on gold would lead to 1800. It is not out of the
question as the banks continue to manipulate. We do think gold will have its day
from the fall of 2023 into the spring of 2024.
We have a gold cycle higher into 2024 for now. Gold could accelerate in a crisis
to 2245 and then 2450 into the year 2024. Stay on top of our daily forecasts with
Fortucast.com newsletters.

CRYPTOS: Bitcoin finally gave a technical breakout a few weeks ago and
projects at least 35000 short-term and could get back to 54000. The fall
financial crisis will help. Jupiter is trining the natal Jupiter in the natal chart
(10/31/2008 11:10 am, Van Nuys, CA) at 22 Sagittarius) into Jupiter station in
early September at 21 degrees.
We think long timer they will be vulnerable still as the SEC tries to regulate
cryptos out of existence as indicated by the SEC filings against COIN and other
players. Still, Bitcoin is in a Jupiter/Rahu period from August 2023 into 2026
using the correct dasha of (Adhana Vimshottari Dasha) and it is likely to weather
the storm for a bit.
Remember to work with your broker. Trading and investing have to be done both
technically and astrology can help but should not be the only factor in making a
decision. You have to buy low and sell high.
As always, this is my snapshot thought for June 30, 2023. New information
comes in daily. If you are a trader or investor, consider my Fortucast newsletters
which are published daily at www.fortucast.com. A trial subscription is
97.00/month. If you want to learn financial astrology visit my website at
www.appliedvedicastrology.com and click on the Financial Astrology link.
ABOUT BARRY ROSEN: Barry Rosen has been teaching classes in Investment
Astrology since 1990 and began teaching the other aspects of Vedic astrology
specialized courses online in 2017, including Dashas, Transits, Personal
Finance, Health, Longevity, and Death, Nakshatras, The Spiritual Dimensions of
Vedic Astrology, Secrets of the Houses, Relationships and many more. In his
consultations, he focuses more on the emotional and mental patterns in the chart
and their impact on consciousness which can create waves of illusion blocking
you. A good consultation should help you witness the play of karma so that you
are not gripped by it; you can transcend it and realize your Divinity, becoming the
commander of the planets and not the victim. Barry Rosen also operates a blog
on Facebook under Barry Rosen and also Astro-Yoga and his professional
astrological website is www.appliedvedicastrology.com. He can be reached at
support@appliedvedicastrology.com.

Stock Market Running Out of Steam

Stock Market

Getting Ready for Last Stock Market Lift-off

The first set of cycle highs for the stock market is due early next week and we are starting to think the S & P cash will not get to 4200 and the NQ futures will not take out 13650. The market continues to tire and it’s hard to find any sectors that are moving except for tech. We wonder how much longer META and APPLE can hold up the illusion of the market.    We are also approaching banking crisis cycles in June and July and the budget crisis so something is going to give soon. Stay on top of the stock market and our daily analysis with the Fortucast Financial Timer or Fortucast ETF timer.  One-month trials start at 97.00.

-Barry 
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Crude Oil In Trouble

Crude Oil

Crude oil in Trouble

Crude violated a key support zone this morning at 7600 and the break should mean a move to 6905.  Recessionary fears are up.  We cannot get too bearish as we move into the driving season and gasoline prices usually go higher into June and pull the complex up.

Energy stocks have also been falling as the ETF for energy stocks, the XLE failed to get through 8800 and issued a buy signal, and seems to be in trouble.  Still, it is one of the better sectors to own. Still, if 7900 comes out, it could break to 6600 eventually.  Chances are it will hold 8000 short-term. We do think stocks will move higher after the May 3rd FOMC meeting and pull the XLE back higher for a few weeks.

Natural Gas is closer to a bottom finally and we are watching the ETF UNG as it is trading around 7.00 and a good buy for scooping up multiple shares Natural Gas futures should rally to 13.50 into the year 2025 once the bottom comes in. 

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-Barry 

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Where is gold headed?

Gold

 

Where is Gold headed?
Gold has to take out 2008 to issue a sell signal and then the max. a pullback would be to 1940 or 1923.  It is very overbought.  Cycles would give it a chance to hold up much of next week with next Tuesday being very volatile.  We have to favor the pattern of 2062-65 manifesting.  Above 2070, the market could explode.  We are not seeing too much to knock it down until after April 20th and that may be only brief.

We are getting too close to a 3-day weekend and overbought conditions to expect that upper targets will come in today.  Still, we like next week and we warned you that we do not see much weakness in the cycles.   The most bearish pattern would stop at 2065-2072 and pull back to 1940.  The more bullish pattern would allow 2178 next and confirm the May high to 2285.

-Barry 

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One More Pullback for Energy Next Week

One More Pullback for Energy Next Week

Crude oil held up well and the May contract is not likely to take out 7700 and still has weak cycles next week and possibly a few days into the following week.  The more ideal pattern would suggest a strong sell-off to 6250 but that may not be realistic unless there is some huge event.  We are more interested in buying that pullback and looking for higher prices into June.  The ETFs USO and XLE and XOP should also pull back and set up nice buys.

Natural gas futures need one more low to 1.80 on the May contract to put in a major bottom.  We see higher natural gas from this low into the Year 2025 and it may get up to 13.50-14.50.  The ETF, UNG, is also very oversold and worth buying when Natural Gas bottoms.

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-Barry 

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When is the next gold entry?

When is the next gold entry?
Gold is far from done and still has cycle highs into early May and larger cycles are supportive into 2024.   The market is currently in a pullback situation and will be set up for the next advance.  Where is the best entry and when will it be?  Cycles are volatile this week and we might do a fake-out new high to 2058 and then still retrace from there.  Stay on top of this exciting market and find out how to trade it with ETFs like GLD or gold miners stocks in the ETF GDX.   Stay in touch with the Fortucast Financial Timer or the Fortucast ETF timer.  1 month’s trial is 97.00.

-Barry 

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Finally a Break for Crude Oil Inflation

Finally a Break for Crude Oil Inflation

“Are you looking for a break in crude oil inflation? Our expert analyst and trader, Barry Rosen, says it’s time to pay attention to the crude oil market. According to Barry, crude has broken key levels and is projecting a bearish trend in the coming weeks.

Cycle lows are expected to dominate into late March and the first few weeks of April. The ETF’s for oil are vulnerable with this drop, so both USO and XLE for oil stocks are not yet done. The good news is, with Fortucast’s financial market reports, you can stay on top of daily developments and find out how to take advantage of these moves.

Barry has been a trusted voice in the financial industry for over 30 years, providing accurate and timely predictions for traders and investors. With Fortucast’s financial market reports, you’ll have access to his insights and strategies, as well as the perspectives of our team of expert analysts.

So why wait? Subscribe to our financial market reports today at https://fortucast.com/market-reports/financial#plans and start making informed investment decisions with the guidance of Barry Rosen and the Fortucast team. Don’t miss out on the opportunity to profit from the current crude oil market conditions.”

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