Contradictions abound. Even
within the North American markets, the divergence between some indices
just doesn’t make sense – and that’s not including
the behaviour of the Canadian stock market.
We now appear to have a double non-confirmation
of the overall Bear trend from the Dow Jones Transports.
The Nasdaq looks as if it’s
primed to rally. The small cap stocks are outperforming the big
caps, which is just bizarre if we’re really in a Bear market.
Earnings are outperforming expectations.
For the year to date, the Midcap 400
and the Russell 2000 are down a touch more than 7% - HALF as much
as the DJI and the S&P 500.
Let’s recap a moment on where
we are … actually, more specifically, where United States
stock market players think we are.
Recession. Maybe Depression. Banks collapsing. Home buyers being
forced onto the streets.
And yet, in this climate, more money
is finding its way to mid-sized, Midwest firms you’ve probably
never heard of – rather than into DJI giants with global reach
which alleviates fluctuations in domestic demand?!
The 500 is down twice as heavily as
the Russell 2000 … and of the 248 companies which have reported
so far, 72% have surprised to the upside, compared with a two-year
average of 66%?!
The phrase “Only in America”
comes to mind.
Oil and gold appear to be ready for
a corrective bounce higher within a more intermediate-term decline.
Stocks appear to be set for an intermediate-term rally, but could
bounce both ways this week – with the more dangerous astrological
conditions
starting to bite next week and lasting into mid-August, as Mars
translates Saturnian energy into its opposition to Uranus and the
Sun, Mercury and Venus begin moving towards a conjunction with Saturn.
The negative astrological conditions
unfolding during August could send various world stock indices to
a retest of the recent Lows. But, these weird contradictions remain.
UNITED STATES
Dow Jones Transports [click
to view the charts and download the entire Adobe PDF file]
Let’s start with a refresh of classical Dow Theory. Late last
year, both the DJI and the DJT put in lower Highs … they confirmed
each other with a primary trend change signal from Bullish to Bearish....CLICK
HERE to download the FULL version of this report with all technical
charts and further comments. (PDF format)
The World At Large is delivered in advance to Astrological
Investing Premium Member subscribers. Randall Ashbourne
is a former journalist and political strategist residing in Australia.
*QHT Technical Charts created using Quick
Harmonic Trader Software, by P.A.S. Astro-Soft, Inc. makers
of Galactic Investor Astrology software.
***
Please
help support our site by using our bookshop for all your Amazon.com
shopping needs!
All of the written material
and graphics are copyrighted by AstrologicalInvesting.com and Randall
Ashbourne. Unless otherwise noted, written material and graphics
may not be reproduced without written permission. This includes
but is not limited to any current articles or archives on Astrological
Investing's web site on financial astrology, how to start an investment
club, technical analysis, business astrology, or stock market investing
©2007, 2008 |
