• 7 hours The U.S. Has The Tech To Go Green, But Will It Use It?
  • 13 hours Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 1 day Markets Up On Stimulus Hope
  • 2 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 2 days TikTok Takes Center Stage In US-China Tech War
  • 3 days Are Semiconductor Stocks Overvalued?
  • 3 days Jobs Report Doesn’t Say Much Amid COVID Uncertainty
  • 4 days Crypto FOMO Heats Up As Bitcoin Climbs Above $11,000
  • 5 days Aluminum Is Bouncing Back In China
  • 5 days The Deep-Sea Mining Debate
  • 5 days Markets Trending Down Despite Tech Blow-Out
  • 6 days Big Oil Battered On Dismal Earnings
  • 6 days Russian Billionaire Bails On Mid-Sized Gold Miner
  • 7 days Gold Stocks Gear Up For A Big Autumn
  • 7 days America Is Looking To Bring Nuclear Power To Space
  • 8 days What Is Behind Gold's Astonishing Rally?
  • 8 days Stocks Tumble On Brutal Economic Report
  • 9 days Kodak Soars By 400% After Trump Bump
  • 10 days U.S. Coal Production Falls To 42 Year Lows
  • 10 days Indonesia Moves To Bolster Mining Sector
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Brad Gudgeon

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Stock Market is Going Take Another Spill!

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

 

Back to homepage

Leave a comment

Leave a comment