Stock Market is Going Take Another Spill!

By: Brad Gudgeon | Sun, Jul 5, 2015
Print Email

Last weekend, I was negative on the stock market. I also expected an 8 TD top by July 2. We got a late week rally. Now we have the Sun opp. Pluto today and Sun/Mars making a cardinal t-sq. to Uranus/Pluto into July 12. This makes for wild swings in the market. I have a TLC low due 7/8, but the shallow angle begs for a low the day before or 7/7 (as happened last week) right on the 4 TD low.

On 7/8, we have the FOMC minutes along with a positive Mars trine Neptune, and a Solunar CIT due on Thursday 7/9 right on the 4 TD top. This could be a repeat of last week with the SPX rebounding 29 points off the lows of Monday and Tuesday. The next low is the 8 TD low due around 7/13. We also have a Solunar CIT due on 7/13 along with the Sun sq. Uranus.

The SPX looks to fall at least as hard as last Monday come 7/6 due to the OXI Greek vote. The DAX futures are already down some 4% with the FTSE down about 2%. The down side should be limited to the SPX 2027-32 range on Monday and Tuesday with a 29 point rebound into Thursday and then down again into 7/13. Anything lower than 2027-32 next week would surprise me.

The overall look of this market is to continue lower into around August 3, 2015, the 200 TD low from October 15, 2014. Downside targets are SPX 1810-1925.

S&P500 Daily Chart
Larger Image

Some of my subs thought I was crazy for being short over the weekend last week. Again, I was called into question many times for being short this weekend ahead of the Greek referendum. Wisdom is vindicated by her children!

 


The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014 (and from April 1, 2014 through March 31, 2015), competing with over 600 market timers. This occurred despite what the author considered to be (and still considers to be) a very difficult trading environment.

The BluStar Market Timer also now offers auto-trading and timely signals trading the Direxion BULL/BEAR 3X ETF and Silver Bull/Bear ETF's AGQ and ZSL as well as the GDX ETF. We are up 39.9% since April 15, 2015 with the auto-trade signal, all in a sideways market.

Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info
To view the details and periodic updates more clearly, you may visit our free chart look at www.charts.blustarmarkettimer.com

 


 

Brad Gudgeon

Author: Brad Gudgeon

Brad Gudgeon
BluStar Market Timer
Blog
eaglesoveramerica.com

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to about the S&P 500 442/443 area in the next few years. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2014, BluStar Market Timer is rated #1 according to Timer Trac. http://www.blustarmarkettimer.info

Disclaimer: The information provided by the BluStar Market Timer is to be used for educational purposes only. We do not recommend the buying or selling of any securities, are not registered investment advisers and do not offer investment advice. Stock market investing is considered risky. Market timers can and do make mistakes. Past performance is never a guarantee of future performance.

Copyright © 2014-2017, Bradley Ray Gudgeon, BluStar Market Timer, Eagles Over America. All rights reserved.

 

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com