• 391 days Could Crypto Overtake Traditional Investment?
  • 396 days Americans Still Quitting Jobs At Record Pace
  • 398 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 401 days Is The Dollar Too Strong?
  • 401 days Big Tech Disappoints Investors on Earnings Calls
  • 402 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 404 days China Is Quietly Trying To Distance Itself From Russia
  • 404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 408 days Crypto Investors Won Big In 2021
  • 408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 409 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 412 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 416 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 416 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 418 days Are NFTs About To Take Over Gaming?
  • 419 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 422 days What’s Causing Inflation In The United States?
  • 423 days Intel Joins Russian Exodus as Chip Shortage Digs In
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Stock Market Melt Down at Hand?

Over the weekend I had written that I believed the market would go up first before dropping. I had based that on the normal Mercury retrograde topping action of the past. I also warned that the market was acting screwy too and the unexpected may happen, especially in light of recent events and the horrible astros this week. My subscribers were warned over the weekend that if the market fell hard Monday, the meltdown scenario would likely be in play for the week.

The astros are not kind this week for the stock market. Last August 24th, we saw the SPX fall into moon in the latter stages of Sagittarius, which would be January 7th this time around. The larger 100 TD low has a wide variance and can be due this week. A few weeks ago, I also posted that I had a TLC low due January 6 or 7.

We are long volatility via UVXY today and long GDX via NUGT. Just a head's up. We may be seeing a large drop dead ahead.

 


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.

 

Back to homepage

Leave a comment

Leave a comment