- Market Twists & Turns by BraVoCycles Newsletter
- Posts
- Stock Market Outlook
Sponsored By
Unlock the Ultimate Tool for Mastering Stock Market Timing! Our analysis, cycle and technical, and the weak seasonality period all suggest a down bias for the markets for the rest of this year. Also, long-term cycles and market fundamentals suggest negative returns until the early 2030s. Our premium newsletters are chock full of insightful analysis. I strongly suggest trying them. They will be a priceless resource for capital preservation and growth for every investing style, especially for traders and people actively managing their investments. Stop Guessing, Start Gaining!
To receive 2x a week guidance and insights on major market indexes, subscribe now at $9/month (less than 2 coffees)
Or for 4x a week receive coverage of major stock indexes, bonds, commodities, crypto, forex, and stocks/ETF, subscribe now at $29/month.
Table of Contents
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: NativePath
Fuel Your Body Naturally with NativePath
Collagen is essential for healthy skin, joints, and bones, but most collagen supplements on the market are made from animal byproducts and contain artificial ingredients.
At NativePath, they believe in sourcing only the best ingredients for their products, and that’s why they offer a collagen powder that’s truly native—or as close to nature as humanly possible.
Why You'll Love It:
Full of Benefits: Each scoop delivers 10g of collagen for comprehensive support for your bones, joints, hair, skin, and nails.
Type 1 and Type 3 Collagen: Made of the essential collagen types, making up over 90% of what your body needs for optimal wellbeing.
Certified Grass-Fed and Pure: Their collagen comes from 100% happy, healthy, pasture-raised cows ensuring the highest quality without any growth hormones.
Flavorless, Odorless, and Clump-Free: Formulated for a seamless mixing experience, their unflavored collagen, effortlessly dissolving in your favorite beverage. Carefully crafted from high-quality ingredients, this collagen offers a delightful taste that will leave you wanting more. With just two scoops a day, you'll fuel your day with a remarkable 20 grams of protein, providing the energy you need to conquer life at your best. Embrace the pure power of nature with NativePath and embark on a journey to a healthier, more vibrant you.
Market Summary
We got the expected bounce! Now what?
· Indexes bounced in likely 4-th waves from last week's low, topped overnight, then down, up, down. They acted like they were confused all day.
· Then, after 4 pm EST, index futures dropped sharply on META’s earnings release.
· How timely was yesterday's META—Another Domino Falling blog? Clairvoyant! I have been negative about Magnificent 7 Mania for weeks and have warned readers about it.
· Now what?
· Based on my tea leaves (as elaborated in the premium content), I think the market may bounce somewhat tomorrow and then fall into the end of April.
· After that, I expect a bounce into late June, and another swing down into late October.
Market data as of close on 24 Apr. 2024.
TSLA - Cycles
· TSLA reached the minimum requirements for the 18-month cycle presented before.
· Although it is “allowed” to go down more within the target range, one should be on alert for a possible reversal now.
· Has it bottomed? We will explore more.
TSLA - Technical Analysis
· TSLA spiked below the downtrend lines (DTLs) of gray and blue wedges and reversed sharply (earnings release).
· This is a sign of a reversal, especially in conjunction with strong positive divergences of technical indicators on the daily chart below. Plus, it satisfied the cycle target mentioned above.
· An additional convincing indication of a longer-term reversal would be if the price “jumps” over the upper trend lines (UTLs) of the wedges.
Buzz On the Street
· Biden proposes a huge increase in capital gains to 42%.
· If it passes, it will be negative for US stocks. Investors will take gains before the year this becomes effective.
If you want to be in the know of all things tech, #Subscribe to this #FREE #newsletter with just your email. Just click the image below.
Read our Disclaimer
Cycle Analysis of Major Indexes
There is no noticeable change in cycle compositions. The charts below show daily cycle composites for SPX futures (ES) and SPX cash. . .
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