Stock Market Outlook

Gentleman’s Exit?

In partnership with

Hey Market Timer!

Do you Want to Feel Like a Smart Investor?

The Premium Newsletter provides key information about the stock market’s trends that you need to know.

Golden insights about the Stock Market, Commodities, Crypto, Bonds & Forex, several times a week.

Upgrade to Premium at a rock bottom promotional price of $29/month.

Today we will be covering...

Before we get into it, Thank You for your responsiveness to our sponsors’ and partner ads, it greatly helps us to publish this newsletter for free.

Today we have a message from: Anyword

Boost Your Marketing Performance with Anyword

Even the largest AI models don’t know what works for your marketing. They don’t know your brand, audience, or what resonates. Anyword does.

Trusted by over 1M+ marketers, Anyword generates optimized content trained on your marketing channels, with predictive performance scoring & insights for any copy, channel, and audience – so you don’t have to guess what content will perform best.

Easily create engaging, on-brand content at scale that boosts marketing performance and achieves team goals.

Market Summary

What has happened?

· The last several days, we had a high level sideways consolidation in market indexes. Feels like gathering energy for another, possibly last, push higher.

· Indexes had a small drop into NVDA’s earnings and a whipsaw in the after-hours session before bouncing nicely in the futures market.

· What is next?

· It would be ideal that when indexes reach existing targets, about 2-3+/-% higher, CNN’s Fear & Greed gets into the extreme greed territory.

· SPX, NDX, and DJI are not far from a top of significance, neither in time (give it a week or tow) nor price.

· Then I expect a bigger correction to commence by mid-June or so.

· It is still a good strategy to sell the rips (RIPs), i.e., raise cash, gradually, as we have been suggesting since December, especially since February-March. 🤑 

· Buying the dips (BTDs) becomes more risky as indexes approach targets.

· My intermediate- and long-term views have not changed. They are bearish. 👇️ 

Market data as of close on 22 May 2024.

Shatter Out Of Here GIF by The Resident on FOX

Gif by theresidentonfox on Giphy

EWU, i-Shares UK ETF Analysis

Is the UK stock market hinting at a gentleman's exit opportunity to the bulls?

·         The UK stock market used to lead the US and European markets with respect to turning points. I don't know if that is still the case.

·         The weekly cycle composite EWU, i-Shares UK ETF, is suggesting down into early 2025 at least.

· The daily cycle composite of EWU suggests that a turndown can happen soon, after which both weekly and daily cycle composites will be in synch, at least until July.

 To have maximum benefit from the newsletter, it is essential to follow me on X,  where I often post important and timely charts between newsletters.

Yesterday, in the after-hours session, I posted an NVDA update after its earnings release on X. It almost reached its highest target.

Interested in upping your game? Optimize your life and investing by subscribing to one of these #FREE #newsletters. Just click the image below.

Have a question? Want to leave us feedback?

Contact us at: [email protected]

Read our Disclaimer

Premium Content

Cycle Analysis of Major Indexes

· Various time cycle analyses I shared with you indicated that indexes should peak by early (maybe mid) June or so.. . .

Subscribe to the Pro Tier to read the rest.

Become a paying subscriber of Market Twists & Turns - Pro to get access to the rest of this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • All the benefits of our Free and Basic tiers, plus
  • • Ad free
  • • Downloadable pdf version of the full length newsletter
  • • Updates and opportunities 4-5x/week on
  • • Individual major stocks and ETFs
  • • International markets, forex, cryptocurrencies, bonds and commodities
  • • All featuring advanced cycle methods for market timing with expert Elliott Wave and technical analysis, and more...

Reply

or to participate.