Wild Week Ahead: The Selling is Not Through!

By: Brad Gudgeon | Tue, Sep 13, 2016
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A lot of traders I know were thinking that a low on Monday would be it and then off to the races. I was in that camp too. The problem is the rising wedge was never broken. So what now? Pretty much the same for the SPX and GDX: another strong rise on Wednesday followed by even more severe selling toward the week's end. I'm thinking more like the SPX 2045 area by Sept 16-19.

GDX Daily Chart
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SPX Daily Chart
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We are adding auto-trading with Global Auto Trading next week. We also added two new alerts: Volatility with UVXY and SVXY, and Options Trading that trades SPY, GDX and UVXY/SVXY puts and calls. We are also adding webinar training for those new to trading.

Also coming soon are FREE webinars explaining the benefits of joining our group followed by a week's worth of tire kickin' to try out the service. Check out our September 2016 trades so far. Get ready, big moves a comin' soon! Sign up for our free e-mail updates at blustarmarkettimer.info

 


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

 


 

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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