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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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Stock Market, Precious Metals: The Month Ahead

The astrological themes going forward surround around Neptune which rules lies, deceit, secrets, radicalism, illegal activities and fraud. Mars (war tensions: think Russian naval movements into the Mediterranean) is also implicated, especially early in the month of November surrounding the dates of November 1-4. Gold could see a big move up around Nov 3-4. GDX could rally to around 26.00.

Meanwhile, "one last hurrah" (an expected stock market rally on October 31) features the ongoing 27/54 TD top along with the beneficent Mercury/Sun trine to Neptune, itself, due October 30-November 1. The E-Wave notation is 'y' of Y of "B", right before "C", the devastation wave.

All astro-cycles and the E-wave Equality of Waves Principle are pointing to an important bottom on November 18th. Minimum downside damage should be at least 14% from the August 2016 top near SPX 2193/94. This figure is based on what happened from December 29, 2015 to January 19, 2016.

My TLC (Trend Line Convergence) lows that are due on the SPX are November 3, November 10, November 14 and 16th. We have another trine due November 5th, Venus trine Uranus, which should negatively influence the stock market beginning November 7th through the 10th (Mars semi-squares Saturn on the 9th, so the warning is "don't buy the early move up, instead, sell all rallies"). This looks to be election related with some war tension still on the burner.

Important, immediate astro-aspects are Venus conjunct Saturn, found near important turns and Mars square Uranus, implying war tensions, both occurring on October 29. Bradley turns include Nov 1-3, Nov 13-15, Nov 18, Nov 24-25 and Nov 28-29. The last Bradley turn was due on October 24th, which was a top.  I had a TLC low due October 28, which was also a Lindsay turn.

Option Expiration week sees likely choppy action with the TLC lows of November 14 and 16th. Precious metals stocks look down from the expected high of November 4th to around Options Expiration, November 18th. GDX could go as low as 18.50. November 18th sees Mercury square Neptune, followed by Neptune turning stationary/direct on the 19th. November 18th could initially be a huge down day, but a reversal looks likely. SPX 1881 is my expected down side target, but the wild card here is mainly the Presidential Election (with the Middle East tensions too). It is possible we go much lower into the mid 1700's or even the mid 1600's for that matter. I just don't know.

By no means will this coming sell-off become THE "meltdown" everyone thinks is coming and rightfully so. The cycles and waves tell me it is just a tad too early for the BIG ONE. Think 2018-2020.

SPX Daily Chart
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GDX Daily Chart
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I'm trying to help as many people as I can make money during this coming crisis. It is during times of turmoil like the one I expect in the next 3 weeks that traders can make the most money.

We are long the SPX via SPXL, SVXY and November 2, 214.50 SPY calls. We took advantage of the gap up Monday and shorted. Despite a choppy and difficult week, we managed to make some great returns including buying NUGT just a few minutes before the FBI probe information came out Friday. We sold for about a 5% profit the same day.

Like a weather forecast, I have to adjust my strategies as I go. Day by day (and even hour by hour) as I receive new data those strategies change. Keep this in mind when reading this article. It is not about making the perfect forecast, it is about being ready for the contingencies…if this than that, etc. A forecast is just a general roadmap, not set in stone.


We now offer free auto trading. BluStar subscribers now have access to free auto trading via Auto Shares.

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


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