Stock Market Still Vulnerable for 3% Pull Back

By: Brad Gudgeon | Mon, Jan 23, 2017
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We are in TD 52 of the ten week cycle low due 50 TD's +/- 7.5 TD's. The smaller 8/16 TD low is due ideally on January 25th, but could extend into January 27/31. The 27th has Venus squaring Saturn, which usually means a reversal bottom +/- 2 TD's. The new moon is due on the 28th.

The intermediate term still looks positive to me and should continue into the summer. There should be a period of weakness in Feb-Mar 2017, but overall, I doubt it will amount to much.

S&P500 Inauguration Day Crash Chart
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Our subs are playing volatility right now with the expected sudden drop. We'll see. Tough range bound market!

 


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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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