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World Stock Market Indexes

December 1, 2022: Stock market indexes are 99% the result of CENTRAL BANK actions and a HUGE BUBBLE. 


Our short-term BUY-SELL indicator - click to enlarge.
 
CPC candle1  
   

"We shall see NO MARKET  CRASH...but a weaker Dollar!"

The FED and ECB, the Bank of Japan, and the Swiss National Bank not only print money...they also BUY shares. Stock markets will continue to go up as long as MONEY is PRINTED and the additional marginal amount of freshly printed money has buying power left.

Goodbye to Overbought, and welcome to Oversold?! Overbought and Oversold mean nothing in a system where equities (stocks and bonds) are acquired with worthless fiat money (QE)...as is the case today! The number of ZERO'S the stock market indexes have, means ABSOLUTELY NOTHING.  Even when a Stock Market rises by 100,000%, it will still result in a TOTAL LOSS when expressed in Worthless Fiat Currency.

When the money supply grows faster than nominal GDP, excess liquidity flows into financial assets. However, if the money supply grows more slowly than nominal GDP, the actual economy absorbs more available liquidity. That’s one reason why stocks go up so much when the economy is weak but the money supply is rising. At this time, with COVID-19, the Central Banks are exponentially creating money out of thin air, propelling stock markets into Hyperinflationay heavens. High nominal stock markets, however, will not enable you to buy 3 EGGS. Only those who don't do their homework and fail to understand what is happening will keep chasing Fools Gold and continue investing in stocks.

The VICIOUS part of these Bull Markets is that stock markets will continue to bubble when expressed in FIAT MONEY.

Gold & Silver will perform better!...
C
heck the PF charts of the Indexes expressed in Gold and understand that stocks are not worth the risk. Even if the Dow Jones geysers to 300,000, your DIGITAL portfolio will only buy 3 eggs...and you risk a BAIL-IN and have your portfolio FROZEN.
Stock market indexes may double, triple, and even grow tenfold...only expressed in Fiat Money, until we have an "overnight crash."
Never forget that Stock Markets climb a Wall of worry and slide off a climax of enthusiasm...
It makes, however, no sense to buy-hold US stocks once the US-Dollar resumes its Bear Trend!
Mainstream Media NEVER have and will NEVER call a CRASH!


Dow Jones Industrials &SP500:  Dangerous BUBBLES and Casinos.


Dow Target & Support Central Banks are buying shares...  Dow in Real Money
INDU targetjan18 Bullish Objective Dow
38,200
Bearish
Resistance
35,800
Hard Support - Stop
30,000
Bearish Objective 28,000
Technical pattern End of Correction?

The Dow to Geyser to 300,000 and higher after this correction is over, and we have QE4 & QE5 (Hyperinflation).

INDU pf1

Short term candle
Chart comment
INDU candle1
  • Feb 1 - Mar 12, 2016: short term bullish
  • Jan 8, 2017: is the Correction due January 20?
  • Oct 12: calculated target of the PF chart: 28,400 (+ 25% higher)
  • Jan 9, 2018: Buy Climax?= DANGER...see TARGET on PF chart.
  • Dec 28 - Jan 22, 2019: Backtest
  • Jan 6 - Jan 28, 2020: I have vertigo.
  • Jan 8 - Mar 5, 2021: Overbought + Bearish Divergence = SELL
  • June 19 - July 14: BEARISH DIVERGENCIES...are now a reality. Expect lower stock markets. Maybe this is a 1929 alike top.
  • Aug 15 - Sep. 9: potential new highs...Venezuela, here we come!
  • Oct 1-15: a correction we have...but this is still a BULL MARKET and higher we shall see.
  • Nov. 16: either a minor correction before yearend or a severe one in Q1 of 2022.
  • Jan. 22 - Feb. 23, 2022: and there we go: a solid correction (at least)
  • Mar. 10 - Apr. 12: oversold, but still a BEAR trend.
  • May 6: Still no Bottom!
  • June 9: lower, we shall go.
  • June 25 - July 20: oversold - halfway stop or beginning bottom formation?
  • Aug. 7: Overbought - Caution!
  • Sep. 11: end of correction - maybe not, as we still have some room below.
  • Oct. 15: it looks like this may well be the END of this correction. Expect HIGHER markets over the following weeks. Note that the PPT did an excellent job...
  • Dec 1: Dow still dangerously OVERBOUGHT...and a weakening Dollar!
Long term candle

INDU candle2
 

S&P 500 Large Cap Index:  Dangerous Top formations...but we shall see NO MARKET CRASH!

SPX targetjan18 Bullish Objective 4,800 - 5,200
Resistance 4,350
Support 3,800
Bearish Objective 3,200
SP500 Target & Support Technical pattern End of Correction?
SPX in Real Money is Bearish.

Click to enlarge.

SPX pf1

Short term Candle
Chart comment

SPX candle1

WELCOME to ZIMBABWE - stocks are REAL ASSETS

  • Feb 1 - 12, 2016: Short-term bullish
  • July 14 - August 22: BREAKOUT!
  • Jan 8, 2017: is the Correction due January 20?
  • Jan 9, 2018: Buy Climax?= DANGER...see TARGET on PF chart...
  • Sep 13: ALL-TIME HIGH.
  • Dec 28 - Jan 22, 2019: Backtest
  • Jan 6 - Jan 28, 2020: I have vertigo.
  • March 3 - 17: SUPPORT HOLDS. Bottom of trend channel = BUY
  • Jan 8 - Mar 5, 2021: Overbought + Bearish Divergence = SELL
  • June 19 - July 14: BEARISH DIVERGENCIES...are now a reality. Expect to see lower stock markets. Maybe this is a 1929 alike top.
  • Sep. 10: mind the Bearish Wedge!
  • 16 - Dec. 28: We either have a minor correction before yearend or a severe one in Q1 of 2022.
  • Jan. 22 -Feb. 23, 2022: the beginning of the "severe correction"???
  • Mar. 10 - Apr. 12: oversold, but still a BEAR trend.
  • May 6: Still no Bottom!
  • June 9: lower, we shall go.
  • June 25 - July 20: oversold - halfway stop or beginning bottom formation?
  • Aug. 7: Overbought - Caution! - The downtrend is still alive...
  • Sep. 11: ???
  • Oct 15: Probable END of CORRECTION. Don't expect a Crash! + excellent job on the PPT.
  • Dec. 1: still dangerously OVERBOUGHT...and a weakening Dollar!
Long term Candle
SPX candle2

SPX candle3

Click to enlarge.


Dow Jones Transportation index


Dow Jones Transportation Index
Bullish Objective 17,800
Resistance
 15,200
Hard Support - Stop
13,200
Bearish Objective 9,200
Technical pattern End of Correction?

TRAN pf1

Short candle Chart comment
TRAN candle1
  • Feb 1 - 2016: short term bullish
  • Jan 8, 2017: Resistance of the All-Time High.
  • Jan 9, 2018: Buy Climax?= DANGER...see TARGET on PF chart.
  • Sep 13: ALL-TIME HIGH.
  • Dec 28 - Jan 22, 2019: note the bearish wedge and 4 black crows
  • Jan 6 - Jan 28, 2020: I have vertigo.
  • Feb 25: lower it goes.
  • March 3 - 12: Bottom of trend channel = BUY
  • Jan 8 - Mar 5, 2021: higher index with LOWER VOLUME = Bearish!
  • May 10: a SELL it is.
  • June 19 - July 14: We WARNED you: Bearish DIVERGENCIES...are now a reality. Expect to see lower stock markets. Maybe this is a 1929 alike top.
  • Sep 10: SELL signal.
  • Nov 16 - Dec. 28: Top-Sell-Blow-Off??
  • Jan. 22 - Feb. 23, 2022: YES. a blow-off it was, and DOWN we go!
  • Mar. 10 - Apr. 12: oversold, but still a BEAR trend.
  • May 6: Still no Bottom!
  • June 9: lower, we shall go.
  • June 25 - July 20: oversold - halfway stop or beginning bottom formation?
  • Aug. 7: Overbought - Caution! - The downtrend is still alive...
  • Sep. 12: ???
  • Oct. 15: End of correction and a Buy?
  • Dec. 1: still dangerously OVERBOUGHT...and a weakening Dollar!
Long candle
TRAN candle2

CENTRAL BANKS BUY SHARES...and print more money to buy more shares (Japan, Canada, Australia, FED, ECB)!
Stock Markets will rise as Central Banks Print Fiat Money in a Zimbabwe Style...

  • Venezuela, here we come.  It is essential to understand that the bullish action indicates we have a HYPERINFLATION situation on hand, and stock markets will rise A LOT MORE. This will become clear once the Stock markets indexes break loose from the actual resistance levels and we have positive backtests.
  • Stay away from RED-FLAGGED markets - some will continue to bottom; for others, we shall see a break- down each time the local Bond market crashes!!! Get out of the European stock markets in distress: Greece, Portugal, Italy, Spain, France,...but remember at all times that HYPERINFLATION and communicating financial vessels can reverse the trend of ALL stock markets overnight.
  • Some stock markets are a NO-GO because of the currency risk. Ex. Japan, South Africa...
  • Green colored charts = Bull trends, Red = bear trends, White = sideward & we don't know, Orange = DANGER-CAUTION! 
UK FTSE Swiss SMI German DAX SA-Dow Canada Dow
FTSE pf1 SMI pf1 DAX pf1 ZADOW pf1 CADOW pf1
£ is VERY WEAK! Bull Trend Bull Trend 
Rand is VERY WEAK!
         
Shanghai index Japan
Spanish IBEX Austrian ATX Belgium Dow
SSEC pf1 NIKK pf1 IBEX pf1 ATX pf1 BEDOW pf1
Strong Yuan
Nominal Confusion Trap: Yen is VERY WEAK!
No Peseta to devaluate = crashing Spanish assets.

No Franc to devaluate = crashing Belgian assets. 
         
World Index Australia Portugal Dow French CAC Dutch AEX
DJW pf1 AORD pf1 PTDOW pf1 CAC pf1 AEX pf1
    No Escudo to devaluate = crashing Portuguese assets.     
         
Russia Brazil Greece    
RTX pf1 EWZ pf1 ATG pf1 Click here to see
how BAD reality
is when expressed
in REAL MONEY
Strong Ruble
 No Drachma to devaluate = crashing Greek assets.  

The Footsie (British stock market index) is my Canary in the Mineshaft for the Dow Jones... and the index could be going for a winning run: breaking through the triple Top (with no mainstream attention).  We now only have to wait until the breakout levels are positively tested. Once they are, I am sure the Dow Jones and stock markets, in general, will resume their climb of the Wall of Worry. See long-term charts for more critical resistance levels.

Uncertainty will grow over the coming months until the Hyper-inflationary depression sets in, and World Stock markets and interest rates start dancing to the tunes of the Zimbabwe scenario: rising Nominal Stock markets because of Quantitative Easing and Hyperinflation...but in the end, the Gold and Silver sector will perform a lot better. The stock markets of those countries (ex. Belgium, France) where more TAXATION is expected and those countries running into severe trouble (Greece, Italy, Portugal,...) will underperform. What is happening in South Africa (JSE) is an example of what is to be expected from other Stock Market indexes! [there are Capital controls in South Africa]

INDUGOLD pf1

Dow in Gold-CAUTION- BEARISH FLAG

From now on, Gold will continue to perform better than the Dow and Stocks!...mind the bearish wedge....it has been activated and means Stocks Markets will come down, and the Gold & Silver sector will go up!

INDUGOLD candle2June 9, 2022:        Expressed in Real Money The CRASH is resuming its bearish trend! Therefore it makes no longer sense to stay in Equities. ..They are safer than bonds, bank deposits, savings accounts, and cash...
  • There is no doubt equities are a lot safer than Bonds. For those who seek income and stability and refuse to affect a larger part of their savings to the Gold/Silver and Energy sector, we have opened a RECESSION PROOF section. All shares in that section have become very expensive!
  • Markets are NEVER wrong. The trick is to be patient and listen to what they say.
  • The Dow Jones is actually already indicating that the USA is heading for HYPERINFLATION. (Dec 2013)
  • Markets are a WARNING for what is to come: high volatility as insecurity grows!
  • QE 4 in the EU & the USA has broken the negative trend of most Western Stock markets.
  • QE  will have a bullish impact on most European Stock Markets as it may avoid further weakness.
  • Best case scenario Stock markets are about to rise expressed in Nominal terms only....because of the Hyper-inflationary depression. But we may see some corrections BEFORE this happens.
  • If and when the credit rating of the USA is lowered, we expect a crisis in the Bond market which will temporarily infect the Stock markets. A crashing Bond market, a weaker and/or crashing Fiat currency, a weaker stock market, and stronger Gold. This is what the citizens of a country will see each time the system starts to fail...until Hyperinflation sets in.
  • When governments fail, you sell their Bonds and buy Real Assets or stocks in some safer country.
  • If something goes wrong, the Chinese and Indian markets won't be able to withstand negative Western world stock markets. After all, they are subject to the HOCGood (high order capital goods) rule.

Belgium is a tertiary dangerous temporary haven for capital. It will remain so until Wealth and Capital gain taxes are enforced. This became a reality in 2017. High time to move your marbles...

Once capital controls are enforced, the stock market will behave similarly to the SA-Dow.
The Footsie is a secondary escape route for capital leaving the European continent. Remember that London is a Tax Heaven, and the city will continue to attract capital. Especially so after the Great Escape (BREXIT).  The least we can expect is sidewards bullish action until Hyperinflation breaks out and the index soars to the upside...The same rule applies here for the Dow Jones and the Nikkei: it doesn't make sense to buy/hold shares when the currency comes down!

FTSE pf1a

Stockcharts has discontinued the charts for the FOOTSIE...see our PF-chart

  • Remember that so as the FOOTSIE goes, so goes the Dow Jones.
  • Mar 10, 2018: The 6,800 level must hold...

-

 The Fiat Money BULLISH potential is 50% to 500% - use Trailing Stops and BUY during Corrections and Panic Situations!

In the summer of 2017, we had a new all-time high in the S&P 500. We have much higher to go from here(after the correction). The next leg up will be broad-based among many sectors, and investors should begin accumulating. Note that gold and stocks can both go up at the same time. Only the Gold miners will go up at a faster pace.



The worst-case scenario and actual Target of the correction for the Dow is 14,200 & SPX target is 1520. The bullish targets are exponentially higher. We have robust stock markets. AMAZING in times of recession. But a NORMAL consequence of Money Printing (QE). Markets will continue to go up as long as fresh money is created, providing no accidents exist.

Be patient and use trailing stops - Use corrections to accumulate more common stocks, but don't exceed the proportions as shown in the Investment Pyramid.

Designated EUROPEAN STOCK markets (see below) are possibly building a long-term bottom..others sit in a bull trend! The Chinese Stock and Japanese stock markets must be followed up closely...The Japanese Printing press is doing overtime, and the freshly created fiat money is spilling into the Japanese stock market. But the Nikkei won't make up for the weak yen. [Japan's PM has vowed to double the money supply]. In November 2014, the Chinese Stock Market Index broke out!

More QE or money printing for the EU, Japan, and the USA...Because we have communicating financial vessels (see Investment Pyramid), the freshly created capital will continue to seep into the stock markets. The more fiat money, the higher the markets! The best-performing markets are the Johannesburg Stock Exchange, Caracas (Venezuela), and the Iranese stock exchanges. Stock markets in the USA are poised to rise more until the Printing Press stops or we have an accident!

Capital fleeing RED Europe will push up north-American markets to record levels, and the pressure of freshly created fiat money can be so immense that the Dow Jones could fly to 300,000 and higher. Specific European Markets must be poised to keep sliding or (best case scenario) will move sidewards. In contrast, bullish markets it will be for the North- American markets (the USA and Canada). It's readily apparent what effect the trillions and trillions of dollars, Yen's, and Pounds central banks have pumped into the system are having on shares. Add to this Capital which is increasingly fleeing Europe and buying America and vice versa. Basically, all stock markets should be crashing under the pressure of Deleveraging due to the financial problems the Western World is in. Still, Authorities are doing their best to avoid a stock market crash by pumping money supply into Infinity.

Currency controls: when Capital is not allowed to leave the country because of capital controls and investors stop trusting Authorities, STOCKS are often the best way to preserve savings. This is what we have in Zimbabwe, South Africa, and Tehran (Iran).

Do you know that Authorities have unlimited Fiat money to play with and that over $ 1.4 quadrillion DERIVATIVES can be used to scare fiat money out but also into Shares, Gold, Silver, and Commodities? (and options to buy it) or Treasuries. I assume that similar techniques can be used to keep the stock markets happy. However, one may never forget that the ULTIMATE LOCATION where the authorities want your money is in WORTHLESS FIAT TREASURIES and FIAT MONEY (bank deposits, savings accounts. treasuries).

Dow 1900 In the 1930s and only 6 months after the BIG CRASH, the stock market had recovered half of its losses. (click on the thumbnail for the long-term chart) Stocks are REAL ASSETS. During the Hyperinflation in Zimbabwe, stocks were used as money. 1932 we had a bottom for the London Stock Exchange. In less than 4 years, or 1936, we had a new all-time high...
This is what the SP500 may look like over the coming years. I expect the index to continue to rise to new records UNTIL we have a serious correction or the Great Crash of the 21st century.

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