Black Monday Forecast (September 18th) – Weekly Market Report with AJ Monte CMT

Welcome to the Weekly Market Report

Hello investors and traders, and welcome to the weekly market report! I’m AJ Monty, Chief Technical Analyst with Sticky Trades. In this report, we will analyze the latest market trends and provide valuable insights for your investment decisions. We will also discuss recent developments in the geopolitical landscape that may impact the markets. So, let’s dive in!

Announcement: Rapid Fire Stock Analysis Webinar

Before we jump into the charts, I’d like to make a quick announcement. Last Wednesday, we had a rapid fire stock analysis webinar with our members, and it was a great success. We analyzed 60 stocks in just 60 minutes! Next Wednesday, we will continue this pace, aiming to analyze at least another 50 stocks. If you’re interested in having your stocks analyzed, we open this opportunity to the public on a first-come, first-serve basis. Simply type in your ticker symbol, and we will analyze it for you. Our track record speaks for itself, with a high percentage of accuracy in hitting targets. So, make sure to join us for the next webinar!

Chart Analysis: Silver (SLV)

Let’s start our chart analysis with silver (SLV). We have been closely tracking this asset, and our price targets have been remarkably accurate. We recently hit the upside target of $22.35 and even raised it to $22.45. If silver continues to rise and test the highs around $23, I will sell another 10% of my position. However, if it drops and fills the gap, I will use the proceeds from the sales to buy back more shares. Stay tuned for further updates on this trade.

Market ETFs Analysis

Moving on to the major market ETFs, let’s take a look at DIA, which represents the Dow Jones Industrial Average. We came within pennies of hitting our upside target of 347.50. With bullish signals from the CCI and stochastic indicators, I believe we will hit this target next week. However, keep an eye on the volume, as I anticipate a hard sell-off towards the end of next week.

Next, let’s analyze IWM, the small-cap ETF for the Russell 2000. We were very close to hitting our target of 186.90, and I still believe we will reach it. The stochastic indicator is heading up, and there is a positive divergence in the CCI, indicating a potential rally. However, I remain cautious, as we have been hitting targets frequently in the past.

Now, let’s look at QQQ, which represents the Nasdaq 100. We have hit the upside targets and are still aiming to hit the downside target of 353.74. However, I don’t expect to hit this target right away. We may see a slight bounce before another wave lower. The hammer candle and bullish harami pattern suggest a potential move higher before the downward trend continues.

Lastly, let’s analyze SPY, the ETF for the S&P 500. We hit the upside target perfectly at 438.98. The recent bearish engulfing candle was followed by a bullish harami pattern, indicating a potential move higher. I have adjusted the upside target to the moving average of 443.93. The stochastic oscillator is pivoting up, and I expect the CCI to follow suit. Keep an eye on these indicators for further confirmation.

Geopolitical News: Federal Reserve and Inflation

Now, let’s discuss the recent developments in the geopolitical landscape. Federal Reserve Chairman Jerome Powell made headlines with his remarks on higher interest rates. While the markets initially reacted with shock, they seem to have calmed down. However, the banks, especially regional banks, are still facing challenges due to rising interest rates. I anticipate continued downgrades in U.S. banks as inflation remains a concern.

Speaking of inflation, the Fed’s target of 2% means that interest rates will have to remain high until inflation is under control. However, there is still a lot of manipulation in the inflationary data. Revisions often occur when the markets are closed, leading to potential market manipulation. It’s crucial to stay vigilant and analyze the data carefully.

Predictions: Potential Market Sell-Off and Brics Nations

Now, let’s move on to some predictions. I believe we are heading towards another wave of pandemic shutdowns. The masks are coming back, and I foresee another wave of lockdowns, which could shock the markets. While it may not be as severe as the events in early 2020, it is essential to be prepared with a risk management plan.

Additionally, I am closely monitoring the developments in the Brics Nations. The invitation of six more countries, including Saudi Arabia and Iran, to join the Brics Nations is significant. This coalition is creating a parallel economy and may lead to a delinking of the US dollar from the price of oil per barrel. This could result in increased inflation and impact the global markets.

Lastly, I want to make a bold forecast. I believe we may experience a heavy sell-off, potentially similar to a Black Monday event, on September 18th. This date coincides with the due date for estimated quarterly tax payments and options expiration Friday. Business owners may need to raise cash for tax payments, leading to a sell-off in the markets. Stay prepared and have a risk management plan in place.

FAQs

1. What is the Rapid Fire Stock Analysis Webinar?

The Rapid Fire Stock Analysis Webinar is a popular event where we analyze multiple stocks in a short amount of time. During the webinar, we analyze stocks based on their ticker symbols, providing insights and price targets. It’s a great opportunity to get your stocks analyzed and gain valuable information for your investment decisions.

2. How accurate are the price targets provided in the Weekly Market Report?

Our price targets have a high percentage of accuracy. We use candle charts and draw diagonal lines, known as zip lines, to indicate price targets. Our track record speaks for itself, and you can review our past videos and reports to see the accuracy of our forecasts.

3. What is the significance of the Brics Nations and their impact on the markets?

The Brics Nations, which include countries like Brazil, Russia, India, China, and South Africa, are creating a parallel economy to the Western world. This coalition aims to delink the US dollar from the price of oil per barrel, which could lead to increased inflation. It’s important to monitor these developments as they may impact global markets.

4. Why do you predict a potential market sell-off on September 18th?

September 18th is a significant date as it coincides with the due date for estimated quarterly tax payments and options expiration Friday. Business owners may need to raise cash for tax payments, potentially leading to a sell-off in the markets. This is a bold forecast, and it’s crucial to have a risk management plan in place.

5. How can I participate in the Rapid Fire Stock Analysis Webinar?

To participate in the Rapid Fire Stock Analysis Webinar, you can register with Sticky Trades. The webinar is open to the public on a first-come, first-serve basis. Simply type in your ticker symbol during the webinar, and we will analyze your stock. It’s a great opportunity to gain valuable insights for your investment decisions.

Conclusion

In conclusion, this weekly market report provides comprehensive analysis and insights for investors and traders. We have discussed the recent market trends, geopolitical news, and made predictions for potential market movements. It’s essential to stay informed and have a risk management plan in place. Thank you for your support, and we look forward to seeing you in the next publication. Happy trading!