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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 Still Vulnerable for 3% Pull Back

We are in TD 52 of the ten week cycle low due 50 TD's +/- 7.5 TD's. The smaller 8/16 TD low is due ideally on January 25th, but could extend into January 27/31. The 27th has Venus squaring Saturn, which usually means a reversal bottom +/- 2 TD's. The new moon is due on the 28th.

The intermediate term still looks positive to me and should continue into the summer. There should be a period of weakness in Feb-Mar 2017, but overall, I doubt it will amount to much.

S&P500 Inauguration Day Crash Chart
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Our subs are playing volatility right now with the expected sudden drop. We'll see. Tough range bound market!

 


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