Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Quantum AI Stocks Investing Priority - 26th Jan 22
Is Everyone Going To Be Right About This Stocks Bear Market?- 26th Jan 22
Stock Market Glass Half Empty or Half Full? - 26th Jan 22
Stock Market Quoted As Saying 'The Reports Of My Demise Are Greatly Exaggerated' - 26th Jan 22
The Synthetic Dividend Option To Generate Profits - 26th Jan 22
The Beginner's Guide to Credit Repair - 26th Jan 22
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Forecast 2020 Trend Analysis

Stock-Markets / Stock Markets 2020 Jan 08, 2020 - 04:16 PM GMT

By: Nadeem_Walayat

Stock-Markets

Long-term Trend Analysis

The Dow finally breached resistance along a series of sub 28k highs of the past 2 years that propelled the Dow towards 29k.


This analysis is part 3 of a series of 6 that concludes in an overall stock market trend forecast into the end of 2020.

1 Stock Market 2019 Review
2 QE4Ever
3 Trend Analysis
4 Elliott Wave analysis
5 US Presidential cycle
6 Stock Market Forecast 2020

However, the whole of this has first been made available to Patrons who support my work: Stock Market Trend Forecast Outlook for 2020

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.

TREND CHANNELS - The Dow for most of 2019 has traded within a relatively tight bullish trading channel. With the most recent price action a reaction from the trend channel high. If the Dow continues to trade in this channel then that would put a cap on the Dow at about 33000 or +16%. Whilst the bottom end of the trading range by year end would resolve to about 29,100, or +2.2%. With the mid channel at about +7.6%

TREND ANALYSIS - The Dow has had a powerful run off the 26,000 low and now hit resistance at just below 29k which implies that the Dow should correct early 2020 down towards 27,500.

RESISTANCE : Resistance lies at new all time highs of 29,000, 30,000. 31,000 and beyond.

SUPPORT - is along a series of highs in the range of 26,500 to 27,500, so any decline should see a bounce from this range.

TRENDLINES - There are 2 rising trend lines off the major low of 21,700. With the Dow currently hugging the first to resistance that should give way for the Dow to target hugging the 2nd trend line which extends to about 31k by year end.

The overall trend picture is for limited upside during 2020, i.e. we are very unlikely to see a repeat of 2019's 24% gain.

MACD - MACD is overbought so implies continued upward price action is unlikely early January.

The rest of this has first been made available to Patrons who support my work: Stock Market Trend Forecast Outlook for 2020

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.

Also immediate access to my just completed analysis that lists potential buying levels for the Top 15 AI Mega-trend stocks. Where the main thing is for investors to HAVE EXPOSURE to the AI sector! Because without any exposure your not riding the AI train and so unless you are prepared to immerse yourself in AI, i.e. trundle along to the many AI platforms out there such as by Google. Microsoft or Elon Musk's OpenAI then your only real way to capitalise on the AI mega-trend is buy OWNING AI stocks.

This graph further illustrates the magnitude of the change currently under way, where just 2 primary AI stocks, Apple and Microsoft are now worth more than the entire German stock market!

AI Stocks 2019 Review and Buying Levels Q1 2020

And my next analysis is already underway that I am to complete within the next few days.

  • British Pound trend forecast
Scheduled Analysis Includes:
  • Gold / Silver Updates
  • UK Housing market series
  • Stock Market Trend Forecast 2020
  • Machine Intelligence Investing stocks sub sector analysis
  • US Dollar Index

Your Analyst wishing ALL a Happy and Prosperous New Year!

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2019 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.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in