Dear Reader This analysis is the final part in my following series of analysis -
The whole of which was first made available to Patrons who support my work: Is the Stock Market Correct to Ignore The Great Coronavirus Economic Depression? My existing forecast as of 9th March is for the Dow to make a low late March and then to target a volatile uptrend into the end of April 2020.
The updated chart shows the Dow trending largely in line with my forecast expectations
(Charts courtesy of stockcharts.com) But how can the stocks bull market continue when the economic data points to a worse contraction than the 1930's Great Depression? How can the stocks bull market continue when we have morons and mad scientists in charge who's incompetence has sent the death tolls sky rocketing to well beyond anything anyone could have imagined a month ago when the US had less than 300 deaths? The answer is ............. it can't. So the stock markets should be heading lower rather than higher over the coming weeks.. DJIA Stock Market Trend Analysis This analysis will continue in my next article that I aim to complete in my next analysis to resolve in a detailed stock market trend forecast as well as updating AI stocks buying levels for Q2. However, my preliminary analysis suggests to expect the Dow to target a downtrend to around 20,000 by Mid May.
The whole of this analysis was first made available to Patrons who support my work: Is the Stock Market Correct to Ignore The Great Coronavirus Economic Depression?
So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat. Including access to my latest stock market analysis - Your Analyst Nadeem Walayat Copyright © 2005-2020 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved. Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
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Monday, 11 May 2020
Coronavirus Catastrophe Stock Market Implications
