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Saturday (morning) Weekly Market Wrap for October 6, 2012

Good Saturday:

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.

I have written Articles on the following. Should you be interested, just let me know.

My Methodology:
My SHB Cycle Analysis:
My Rotation Model:
My Inflection Points:


The Market for the Past Week

Market Wrap

As for the Market this past week: This was again a "boring" and "do nothing" week. The weeks was up as I Forecast on Sunday of last week. More on that tomorrow.

I am afraid that the "political scene" may dominate this Marketplace unless the debate stimulates the current administration to try to do something to remain in control. That something will be costly to the "People." "We the People ..."

The cloudy outlook on the global economy is what is being blamed for the stogy / sluggish Marketplace, but that is just another excuse for poor leadership both in Washington and on Wall Street.

Unemployment improved but just marginally. If household income is going down and manufacturing is not borrowing and increasing inventories then something is going to "break" and that will not be a pleasant event.

The U.S. Government logged a $1.1 trillion deficit in fiscal year 2012, which makes that the fourth straight year of a trillion-dollar shortfall. At least those guys are consistent.

My Inflection Point Count stayed in the 70's. You might want to stay in touch with my Proprietary Indicator. Go to: http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=1&mn=6&dy=0&id=p79023347983&a=270034212

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 Bearish Inflection Point is well over due.


Summary

The Market was Up supporting last weeks Forecast!

Note: My Forecast for the General Market is Bearish, but REQUIRES "Conformations" to be active. Until my "Conformations" are in place the General Market will continue to churn out a TOP. Hence, Patience and Discipline is, as always, required.

Treasuries were Down a bit but and has looked anemic for nearly 5 months. That's Bearish!

The U.S. Dollar was also Down a bit and is looking to rally some more. The rally could be delayed - see my notes above.

Oil (Crude) took it on the chin again this week by almost 3.00%. However, a rally is coming.

Gold was Up a bit again but was flat. I am Forecasting another Pull-Back. Again, this may take time to develop.

Commodities (Comprehensive) were Down and seems to be leading Gold every so slightly and also look very Bearish.


I hope you will permit me to answer your Questions and Thoughts.

My Email Address:senorstevedrmx@yahoo.com


StockCharts (ALL my High Profile - Bellwether Companies) Public List: http://stockcharts.com/public/1616666

StockCharts (Dow Jones 30 Industrials) Public List: http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=1&mn=6&dy=0&id=p50720233760&a=270034212

Within the above Chart I have a (Purple) Legend - please read it at least twice for perspective:

I hope you will permit me to answer your Questions and Thoughts.

My Email Address: senorstevedrmx@yahoo.com


StockCharts (ALL my High Profile - Bellwether Companies) Public List: http://stockcharts.com/public/1616666


The following are the thirteen Companies 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.

AA, AAPL, BAC, C, CMCSA, CSCO, F, GE, GOOG, INTC, MSFT, T, XOM

I hope you will become a regular Follower and perhaps a valued Client. My work / analytics should be very compelling for your considering working with me.

Smile, have fun Investing Wisely,

 

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