Barry Bragg

@DaveHcontrarian For all of you that want to see the technicals day to day that point to what Dave is forecasting check out Ron Walker on Youtube. As Dave always says, he is giving a market cycle forcast and therefore the timing can be off for traders. Ron Walker is great on the timing and charts

Lots of signs that the economy is decelerating in a relative hurry & that stress is mounting in the system both here & abroad. I continue to expect a Fed pivot this summer.Rates & USD are peaking & the equity markets are near a bottom.I'm off to the beach for a few days of R&R.

@DaveHcontrarian Dave, didnt you mention in one interview that perhaps the melt-up theory would be invalidated at a 10 year rate of 3.25 to 3.5%? Are you still thinking that is the case should that happen?

For those who missed it the first time around, here is the link to my April 27th interview with Dave Russell at GoldCore TV. youtu.be/aJ-oNFEG1-Q

@DaveHcontrarian Hi David. Do you see more correction for the metals and miners before they resume higher?

The pullback appears to be over & the market is beginning to move up out of the correction it has been in all year.Melt-up will follow. Tech looks particularly good here. Nasdaq to 20,000 & QQQ to 500. Semis were hit hard in the pullback but poised for a run to $400.

@DaveHcontrarian Hi Dave. Are you still looking for a 6-8% correction in S&P before the melt-up resumes?

DXY is likely headed back to the recent highs(99 1/2) once more before rolling over.I still expect DXY to fall to 80 this yr but it wants to resist that rollover for a little while longer. It can cut this rally short at anytime but seems to want to touch those highs one more time

@DaveHcontrarian Do you think it is possible the markets keep moving up as 10 yr goes up? The weekly charts for nasdaq, dow, and s&p all have the indicators on price, macd, stoch rsi, and directional movement crossed going up.

It's clear that we're not going to see 1.50% before 2.50%.Traded down to 1.67 & reversed.We're now heading for 2.50%.This means the tightening cycle is ending.10yr then heads for 1% & ultimately 0% in the bust.Reversal in tightening will be very bullish for stocks,bonds & metals.

@DaveHcontrarian Do you still feel as though Powell will back away from the rate increase on Wednesday?

Gold & silver have broken above important resistance levels & are early in big up moves. I continue to forecast gold to $2500 & silver to $50.Both are minimum expectations & will likely be raised.The miners are also beginning big bull moves.GDX to $60,GDXJ $100,SIL $75 & SILJ $35

@DaveHcontrarian Good morning David. Do you think yesterday may have been the bottom with meltup ensuing? Or do you think it is too early to say? I know in some ways you probably hate to put your neck out there again but I appreciate your guts and grit to state your convictions.

Here's an interview I did with Angelo Robles back on February 15th. youtube.com/watch?v=Rrri91…

@DaveHcontrarian With the CPI up and 10 year bond yield at highest level since 2019, you still think just a short correction or possibly more extended down for a bit?

Contrary to consensus,I continue to forecast the 10yr to 1.50% in the next couple of months before it rises to 2.50%.This drop in rates will help propel growth stocks during the melt-up but will hurt financial stocks which could fall here even though the market is rising sharply.

@DaveHcontrarian 2% risk down on S&P and/or Nasdaq?

The correction lows are in.They occurred back on Jan 24.I do think the market has a little more downside work to do before resuming the melt-up.I think the downside risk is maybe 2% vs 30-40% upside.Sentiment is very bearish & investors are overly concerned about Fed tightening.

@DaveHcontrarian If Amazon beats earnings and the 10 yr goes down tomorrow things could swing back the other direction with the markets. It is crazy how 1 down day makes people go nuts. Volatility will likely be the theme all year.

The melt-up is underway. As I have said previously, I expect it to be a broad,steep rally with both growth & value & large & small cap playing. Semis, FAANGs, industrials, airlines, autos, commodities incl copper & steel,miners, financials & even small cap tech will perform well.

@DaveHcontrarian With targets met and/or exceeded...in your opinion, is the correction likely over or do you have to wait and see how next week goes?

I continue to expect further correction before the stock market melt-up gets underway. My targets remain S&P to 4400-4500, DJIA 34,000-35,000 & Nasdaq 14,000-14,500. It is very possible we see the lower end of these ranges in the next week or two but it is certainly not a given.

@DaveHcontrarian You are very precise with everything. I understand you are saying this is a quick bounce. Any thoughts or targets as to what levels Nasdaq and S&P may reach before more correction?

We're getting closer to the end of the correction but more work to be done. Can get a quick bounce but then more weakness. Interest rates at resistance but will ultimately push through & head for 2.10% at some point soon. Big equity melt-up to follow.

@DaveHcontrarian Goodmorning David. In light of the Nasdaq and S&P quickly approaching your targets, do you still think the Dow target of 33500 is still likely before the meltup?

Rates are heading higher & it's possible we could see the 10yr yield above 2% in the next month or two.That rise is likely to negatively impact the homebuilding stocks.I think XHB can correct down to $76 during the market pullback of the next few wks.Major new highs will follow.

@DaveHcontrarian Great interview, David. It is nice to read the responses with the details to clearly define and line things out. Regarding DJIA, do you have a target for it in this sell-off? Sorry if I missed it somewhere in your threads but Ive only seen Nasdaq and S&P targets. Thank you.

For those who were not able to open the link to my interview with Tom Stanek over the weekend, the link has been fixed & the interview can now be accessed. Here's the link: lnkd.in/e3ARRjt3

@DaveHcontrarian Do you think this is possibly start of melt up after fed meeting or a head fake by the market?

I continue to call for 10yr to 2 1/2% in coming months. I think DJUA is setting up for a 10% correction here. Probably plays out over many weeks.I continue to look for Nasdaq to 15,000 & probably 14,500 & S&P to 4500 & maybe 4300. The melt-up will follow but more downside first.

@iliResearch @DaveHcontrarian Looks like Dave is right...again. Thank you Dave. I truly dont know how you do it with such precision.

@DaveHcontrarian You make predictions everyday and then walk them back when price action goes against you. It is truly clown behavior.

@DaveHcontrarian Your original targets on the pullback were right on the money. Are you still very confident in the revision to an even lower Nasdaq?

I expect the S&P to retest Friday's lows in the next day or two & Nasdaq to fall to new lows. It could see 14,500. SMH headed for 270-275 & there is even a possibility it falls to 260. Then the melt-up will send all of these to major new highs with SPX to 5300 & Nasdaq to 18,000

@DaveHcontrarian Hi Dave. Thank you for all of your time and market insights. Regarding Gold and Silver, are you forecasting $2500 and $50 to be hit during the market meltup or over the next year or so?

The market pullback has further to go. S&P likely headed for 4450-4500 though I wouldn't rule out a bit more. Nasdaq most likely headed for 15,000 but it could fall as low as 14,500. A melt-up to substantial new highs will follow. Ignore the bears who are saying the top is in.

@DaveHcontrarian @JGCRookie Hi Dave. I have not been following you long but you are spot on with the market calls so thank you for sharing your insights. Regarding Gold and Silver, are you forcasting that they hit 2500 and 50 during the market meltup or over the next year or two?

@JGCRookie I've said they are bottoming & a big reversal will follow. They can go a little lower but not much.

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