Commodity Prices

Gold •271 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,020.10	-7.40	-0.72%
WTI Crude •10 mins	71.46	-0.02	-0.03%
Gasoline •10 mins	2.289	-0.002	-0.09%
Ethanol •271 days	2.161	+0.000	+0.00%
Silver •271 days	30.82	+1.16	+3.92%

Silver • 271 days	30.82	+1.16	+3.92%
Copper • 271 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.74	-0.03	-0.04%
Natural Gas • 10 mins	4.068	-0.051	-1.24%
Heating Oil • 10 mins	2.277	-0.002	-0.09%

Headlines

656 days Will The ECB Continue To Hike Rates?
656 days Forbes: Aramco Remains Largest Company In The Middle East
658 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,058 days Could Crypto Overtake Traditional Investment?
1,063 days Americans Still Quitting Jobs At Record Pace
1,065 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,068 days Is The Dollar Too Strong?
1,068 days Big Tech Disappoints Investors on Earnings Calls
1,069 days Fear And Celebration On Twitter as Musk Takes The Reins
1,071 days China Is Quietly Trying To Distance Itself From Russia
1,071 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,075 days Crypto Investors Won Big In 2021
1,075 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,076 days Food Prices Are Skyrocketing As Putin’s War Persists
1,078 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,079 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,082 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,083 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,083 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,085 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Brad Gudgeon

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…

More Info

Contact Author

The 4% Drop Ahead: Down into February 6?

By Brad Gudgeon - Jan 30, 2017, 6:08 PM CST

The chart below explains why I now believe we drop down into February 6th to the 2202 SPX level. The next few days may be choppy as we form a bear flag around the rising trend line. SoLunar turn days ahead include Jan 31, Feb 2, Feb 4-7 and Feb 10. Mercury squares Uranus on Jan 31, and Jupiter on Feb 2.

Feb 6th is when Jupiter turns retrograde (with the moon in Gemini). Feb 10 is when the moon in Leo turns full and has an eclipse. Balances of lows and highs suggest a low on Feb 6th and a high on Feb 10. The coming xyz pattern suggests another new high (Feb 10) before turning down into mid/late March, perhaps as much as 14%.

S&P500 Daily Chart
Larger Image