Interim Market Update March 7, 2023

[SOL]

Brief Update

The NDX closed above 12,300, shifting the short-term trend bullish. As long as the NDX stays above 11,990, it has the potential to reach a target range of 12,900 to 13,200.

Certain indices may experience lower highs before another sell-off occurs. This sell-off could be fast and furious or happen in intermittent spurts until a bottom is established. Another update will be posted if the Next issue is not ready by Monday

[jonnyfrank]

Brief Update

The NDX closed above 12,300, shifting the short-term trend bullish. As long as the NDX stays above 11,990, it has the potential to reach a target range of 12,900 to 13,200.

Certain indices may experience lower highs before another sell-off occurs. This sell-off could be fast and furious or happen in intermittent spurts until a bottom is established. Another update will be posted if the Next issue is not ready by Monday

SOL,

I'm puzzled. It closed above that level a few weeks ago (March 6) . Does the fact this is a Friday close price, this is the target we were looking for--a weekly close above 12300? It also closed below 11960 on a daily basis recently (March 10 and March 13), which was pointed out as a danger sign. All of these levels were pointed out in recent newsletters. So, am I missing something? I took the closing numbers as a buying opportunity and selling sign.

It is probably me missing something else in one of the recent newsletters, but if you could clarify that would be great.

Thanks for all of your insight. I just want to make sure I am taking full advantage of it all and not missing nuances.

[bpcw]

Brief Update

The NDX closed above 12,300, shifting the short-term trend bullish. As long as the NDX stays above 11,990, it has the potential to reach a target range of 12,900 to 13,200.

Certain indices may experience lower highs before another sell-off occurs. This sell-off could be fast and furious or happen in intermittent spurts until a bottom is established. Another update will be posted if the Next issue is not ready by Monday

SOL,

I'm puzzled. It closed above that level a few weeks ago (March 6) . Does the fact this is a Friday close price, this is the target we were looking for--a weekly close above 12300? It also closed below 11960 on a daily basis recently (March 10 and March 13), which was pointed out as a danger sign. All of these levels were pointed out in recent newsletters. So, am I missing something? I took the closing numbers as a buying opportunity and selling sign.

It is probably me missing something else in one of the recent newsletters, but if you could clarify that would be great.

Thanks for all of your insight. I just want to make sure I am taking full advantage of it all and not missing nuances.

The long term outlook hasn't changed, the short term is very volatile and targets have to be continually monitored and changed when and if things change. These short term targets are only for higher risk takers, if a low to medium risk player then ignore all these short term targets and be mainly in cash by now.

[SOL]

Brief Update

The NDX closed above 12,300, shifting the short-term trend bullish. As long as the NDX stays above 11,990, it has the potential to reach a target range of 12,900 to 13,200.

Certain indices may experience lower highs before another sell-off occurs. This sell-off could be fast and furious or happen in intermittent spurts until a bottom is established. Another update will be posted if the Next issue is not ready by Monday

SOL,

I'm puzzled. It closed above that level a few weeks ago (March 6) . Does the fact this is a Friday close price, this is the target we were looking for--a weekly close above 12300? It also closed below 11960 on a daily basis recently (March 10 and March 13), which was pointed out as a danger sign. All of these levels were pointed out in recent newsletters. So, am I missing something? I took the closing numbers as a buying opportunity and selling sign.

It is probably me missing something else in one of the recent newsletters, but if you could clarify that would be great.

Thanks for all of your insight. I just want to make sure I am taking full advantage of it all and not missing nuances.

On March 13th, an update was posted indicating that although a crucial level had been breached, the outlook could reverse if the NDX trades above 12,300 on a daily basis, but preferably on a weekly basis. Short-term targets are subject to frequent changes and entail greater risk.

In the near future, we will add short-term forecasts to the trading ideas and strategies section. This section is read-only, which means that there will be fewer distractions and less noise.

viewforum.php?f=24

[stefk]

https://www.24heures.ch/tournant-decisi ... 7967324187

Credit suisse is bought by UBS.

[Yodean]

https://www.24heures.ch/tournant-decisi ... 7967324187

Credit suisse is bought by UBS.

Swiss National Bank and Credit Suisse main buildings are right next to each other, for those who have been in the area, from what I remember ... banksters often make one career switch there, either from SNB to Credit Suisse or vice versa, just by walking a block or so ... ultimately, base case is that UBS and Credit Suisse amalgamate into a single functional institution with SNB ... part of the centralization of banking power at the top mega-trend ...

[stefk]

https://cdn.jwplayer.com/previews/2tNnTwlb

A bull in the bank. A bull run for the next weeks ????!!!!!!

[SOL]

An interim update will be posted later today if we are unable to complete the next issue. However, due to the volume of information, we have to cover, the next update may need to be divided into two or possibly even three portions.

There is an interesting occurrence taking place (Positive) - one that could be deemed a generational event due to the vast number of factors coalescing at once. We will delve into the specifics of this development in greater detail, and as such, the update will be presented in multiple parts.

[Budge]

https://www.24heures.ch/tournant-decisi ... 7967324187

Credit suisse is bought by UBS.

Interesting:
- $17.3BN CS convertible debt wiped out.
- CS stockholders got 1 UBS share for about 28 CS. (Meaning stocks took precedence to bond holders!)
- Values CS at $0.82 (< half Friday close).
- CS stockholders got no vote. Swiss changed the law over the weekend to make this possible.
- Heavy losers in CS Saudi National Bank, Qatar Investment Authority and Swiss Pension Funds.

Surprised some of this happened given that US Treasury blew up all the agreements of Basel III and pissed off financial regulators worldwide.

This will happen here as US politically connected SIFIs will "persuade" the corrupt pols to screw the general public to save the mega institutions. Been reading an IMF report from 2012 on Systemically Important Financial Institutions (SIFIs) suggesting escape methods. I'll pull something together on this.

[MarkD]

If I recalll correctly, bond holders were also screwed in '08-'09. So we know the pattern is in play until the end days of capital markets, when they don't bail out equity investors.

[outof thebox]

If I recalll correctly, bond holders were also screwed in '08-'09. So we know the pattern is in play until the end days of capital markets, when they don't bail out equity investors.

Don't you think the solution to the problem was too easy? When COVID first started, they could have thrown wads of money to fix the problem after the initial breakout, but they chose to wait until the crowd panicked. So now, their sudden worry about the people who have equity stakes seems fake and like they planned it all along.

[Budge]

If I recalll correctly, bond holders were also screwed in '08-'09. So we know the pattern is in play until the end days of capital markets, when they don't bail out equity investors.

Don't you think the solution to the problem was too easy? When COVID first started, they could have thrown wads of money to fix the problem after the initial breakout, but they chose to wait until the crowd panicked. So now, their sudden worry about the people who have equity stakes seems fake and like they planned it all along.

We are being set up for bail-ins not bail-outs. Ties in with Klaus "I'm not really Lenin reincarnated" Schwab's "You'll own nothing and be happy about it."

Bank issues will continue to blow up (brought to you by our greedy, klepto pols). I'm not sure if the "administration" is desperate for WWIII to divert/solve their financial chaos and crises and/or use a Jan6 redux as it's jumping off point for absolute totalitarian rule (or all of the above plus more). Everything seems designed to wind up and screw over the greatest number.

FWIW Martin Armstrong has inked in April 10 as a significant day.

[Cinnamon]

FWIW Martin Armstrong has inked in April 10 as a significant day.

Does he mention what type of event. Are the markets expected to drop?

I have been steadily using rallies to close positions that have turned profitable. I feel a lot better now as I have cash on hand if there is an opportunity and overall my portfolio is faring a lot better this year

[Budge]

FWIW Martin Armstrong has inked in April 10 as a significant day.

Does he mention what type of event. Are the markets expected to drop?

I have been steadily using rallies to close positions that have turned profitable. I feel a lot better now as I have cash on hand if there is an opportunity and overall my portfolio is faring a lot better this year

MA isn't specific but it is not good.

[bpcw]

Sol, you state that silver, palladium have bottomed and copper will surge and also that we will get one more large correction in stocks, plus the dollar will have one more run up before putting in a major top.

Do you think that the above commodities will have one more leg down following the dollar inversely as they usually do, well the PMs anyway or that this relationship could break and we see them go up together. It seems from the updates that you don't make a case for one more leg down as with the stock market?

Just hoping to get a bit more clarity so I can time the commodities better.