ProForecasts-Weekly (Private) 18Dec2011: DN DJIA to new range.

Dec 19, 2011 by ProForecasts

PROFORECASTS-Weekly (Private) – 18 December 2011
260%x the DJIA/SP500 for over a Decade!

Private version by subscription only.

 * SNAPSHOT-TEXT *

ProForecasts-Wk 18Dec2011: EU downgrades, weakening holiday sales for DN DJIA to new lower trending-range.

 

 * 2011 Results YTD *

BY INVESMENT:  Stock-Plays: +70.7%, Metals: +104.0%, Options: +268.8%!
ETFs: +16.0%, Stocks: +11.8%, Futures: +147.3%!
BY MODEL-PORTFOLIO:  KISS: +55.9%, ACTive: +128.5%, AGGressive: +148.6%!
New: Currencies: +77.2% since 1Nov2011 and DayTrades: +13.2% since 5Nov2011.
(updated every Friday with documentation for all below)

 

 * US-Markets and Commodities *

DJIA(11866)SP500(1219): DJIA creates new lower trending-range DN between 11,500 to 11,800 due to downgrades in Europe and weakening holiday sales. {ProForecasts officially forecast last-TOP and SOLD all US-Equities on 5Apr2011 at DJIA 12,400.}

GOLD(1597): Gold is now at the same level we re-bought in September after taking profits in August so I am again forecasting that this is the lowest you will see Gold for years. Gold will go UP to $1900+ in 2012. {ProForecasts officially forecast LT-BTM and BOUGHT Gold on 10Jan2010 at $1121.}

SILVER(29.67): Silver is not quite at the same level we re-bought in September ($27.10) after taking profits in August but within it’s typical volatility, I am again forecasting that this is very close to the lowest you will see Silver for years. Silver will go UP to $45+ in 2012. {ProForecasts officially forecast LT-BTM and BOUGHT Silver on 8Nov2010 at $26.72.}

COPPER(3.33): Copper is a little lower (-4%) since we came into it 1Nov2011 but as with the above metals, and most all commoditites, I forecast UP in 2012 with Copper $4.40+.

OIL(93.65): While I am surprised that Oil is this low, relatively, our UCO (Oil) ETF is still UP 25.9% since 10Aug2011. I confirm the forecast of Oil going UP to 100+, even 110+, in 2012.

 

* Currencies *

EUR/USD(1.3042): I forecast the EUR/USD to go DN to 1.2000 by 1st-Qtr2011 and 1.1500 by 2nd-Qtr2012. {ProForecasts went SHORT EUR/USD on 3Nov2011 and has a gain of +77.2% so far.}

EUR/JPY(101.42): I forecast that EUR/JPY will go DN to 100.00 in 2012.

USD/JPY(77.78): I forecast that USD/JPY will stay relatively FLAT, just a bit higher UP to 79.50.

 

* Global-Markets *

FTSE(5387): I forecast that the FTSE will in tandem with the DJIA will go DN about 5% to 5110 by 1st-Qtr2011.

DAX(5701): I forecast that the DAX will in tandem with the DJIA will go DN about 5% to 5400 by 1st-Qtr2011.

NIKKEI(8401): I forecast that the FTSE will in tandem with the DJIA will go DN about 5% to just under 8000 by 1st-Qtr2011.

CHINA(2224): I forecast that China (Shanghai) will not have a bubble-burst or hard correction. They will manage the slow-down well and return to some moderate growth and not be affected that much by the Western markets moving down. It will maintain it’s current range and gain 4%+ in 2012 to about 2300+.

INDIA-BSE(15,491): I forecast India (BSE) will do relatively well in 2012, a moderate increase, and will not really be affected by the Western markets moving down. It will maintain it’s current levels and gain 5%+ in 2012 to close to 16,000.

BRAZIL(56,096): I forecast the Bovespa (Brazil) will be one of the best markets and economies for 2012. It may be affected by the Western markets moving down but it will return back up fairly quickly to current levels and gain 7-10%+ in 2012 to close to 59,500.

 

* News *

EGYPT: In order to create some sort of stability, Egypt will be ready for a Muslim Brotherhood leadership.

RUSSIA: Despite protests Putin will win re-election.

IRAQ: The foundation that the US tried to create will disappear very quickly and new more Muslim influences will be introduced.

 

Legend:
ST = Short-Term (weeks)
MT = Medium-Term (months)
LT = Long-Term (quarters = 3 months)
BTM = bottom