It was definitely a good year, especially compared to the major market indices!
Of course, it was also certainly a positive year for the equities markets as a whole.
The blue chip Dow Jones Industrial Average was up by 25.08% for the year, and the Standard and Poors 500 Index rose 19.42%. It was the best year for both indices since the start of President Obama’s second term in 2013.
The tech-heavy NASDAQ Composite gained a huge 28.24% in 2017, and even the broad-based Russell 2000 Index posted a significant gain of 13.14%.
The Trading Track Record at Financial Cycles Weekly
All of that positive action paled in comparison, however, to the performance of our astrologically-based Model Portfolio at FinancialCyclesWeekly.
The astro-trading advantage brought us a solid return of 33.40% for the year.
While this wasn’t our best year ever, it offered us a reminder that if you really want to be successful in trading, you’ll add astrology to your market timing!
We expect to see congested trading from the first of the year through mid-February, followed by an aggressive rally into mid-May.
A well-defined trading range should dominate the summer months, with repeated tests of a stubborn resistance zone.
By late August a fairly sharp sell-off should come into play, lasting until late October.
We anticipate steady bullishness at the end of the year to set new record highs by the close of 2017.
Specific Targets In The Dow
We have a DJIA target of 20605 at the end of the first quarter, 2017.
By mid-year we expect to see the DJIA trading at 22788.
Our target closing price for the DJIA at the end of 2017 is 23823.
A Shameless Plug For Financial Astrology
We base our 2017 forecast on cycles studies and our assessment of the planetary dynamics throughout the year, especially the lunar nodal cycle and the solar eclipses in February and August.
We expect the August solar eclipse to have a particularly strong impact on raw materials and infrastructure concerns, creating short-term market disruption followed by fresh opportunities.
Right now, as we look ahead to the actual trading results we’ll be getting in 2017, I’m wondering if perhaps I didn’t stick my neck out a little too far with this forecast.
After all, those Dow numbers do seem pretty incredible.
Even so, I’m sticking by my forecast. If the cycle work I’ve done is even close to being correct, an insanely bullish trend is well within the realm of possibility, especially during the first half of the year.
We’ll just have to see what happens.
Astro-Trading & Financial Astrology Insights from Tim Bost