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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

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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…

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Market's Wild Swings May Continue into the New Year

I just need to start off saying that due to the Holidays, this update will not include charts. Happy Holidays to everyone!

Two weeks ago, I had been expecting a stock market low around the New Moon at the Sagittarius/Capricorn cusp due December 14th when the Sun squares Jupiter near the Bradley turn of December 11. I also was expecting a rally into mid week and then possible further weakness into week's end, which we got. We are now falling into the moon at the Aries/Taurus cusp, which often times is a market low when the stock market falls through the moon at the Sagittarius- Capricorn cusp. We are also at a Bradley turn when Mercury squares Uranus (which turns stationary direct Christmas Day on the full moon).

I also see the possibility of a Dec 4 type melt-up in both the stock market and gold/GDX Monday Dec 21. This could easily be followed by another large drop into Dec 23 for the stock market (and somewhat for gold/GDX) as the 8 TD low has been running 6 to 7 TD's for the stock market.

I also see possible terrorist activity once again starting Dec 22/23 due to the ISIS chart formation coupled with Mars in Libra and Uranus going direct on a full moon Dec 25 while square Pluto. Sagittarius is square Uranus during this whole time, adding fuel to the fire. This combination is explosive!!

The moon in Leo/Virgo Dec 29 along with another Bradley turn suggests an important top, so a rally from Dec 23-29 looks likely. From Dec 29 into January 4th is another dropping period even into January 8th, with perhaps a mid week high. There is another Bradley turn due January 4-6 and a moon in Sagittarius-Capricorn once again on January 8. The first week of January also has Mercury and Jupiter going retrograde, so we may see the gold market and the mining stocks forming an important intermediate bottom around January 5th.

Last week, I varied from the forecast of two weeks ago and got it wrong. Remember, we trade the market and not the forecast. We caught the majority of the move down from December 17th into December 18th. This is a market of possibilities, so I keep these in mind when trading.

 


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.

 

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