Stock Market Melt Down at Hand?

By: Brad Gudgeon | Mon, Jan 4, 2016
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Over the weekend I had written that I believed the market would go up first before dropping. I had based that on the normal Mercury retrograde topping action of the past. I also warned that the market was acting screwy too and the unexpected may happen, especially in light of recent events and the horrible astros this week. My subscribers were warned over the weekend that if the market fell hard Monday, the meltdown scenario would likely be in play for the week.

The astros are not kind this week for the stock market. Last August 24th, we saw the SPX fall into moon in the latter stages of Sagittarius, which would be January 7th this time around. The larger 100 TD low has a wide variance and can be due this week. A few weeks ago, I also posted that I had a TLC low due January 6 or 7.

We are long volatility via UVXY today and long GDX via NUGT. Just a head's up. We may be seeing a large drop dead ahead.

 


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
BluStar Market Timer offers auto-trading for those who don't have the time or inclination to trade their own accounts.

 


 

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

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