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Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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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Important Stock Market Top?

Cycle-wise, we are at a crest of the 18 month cycle, which is due to bottom in early August 2017. Astro-wise we have a myriad of reversal aspects in this general time frame: Mars conjunct Uranus/opposite Jupiter (February 26/27); Sun conjunct Neptune (March 1); Jupiter opposite Uranus (second of 3 passages), with a cardinal T-Square to Pluto (March 2); Mars trine Saturn (March 4); Venus Retrograde (March 4).

Watch for war-like agitations ahead and a test of the Trump administration.  Bad storms and earthquakes could also be in the offing in the next 3-5 months.

My indicators suggest that the top occurred on March 1. From here into early August, it is my opinion that we see at least a return to the 1800 area on the SPX terminating Primary 4 of Cycle Wave 5 (2009) of Super-Cycle Wave V (1942) of Grand Super-Cycle Wave (V) (1776) of Millennial Wave [III]. What this implies is, after one more Wave 5 rally into 2018, we are about to enter Millennial Wave [IV]. The implications are staggering: a 250-year bear-market, sideways at best!

My observation of many 4th Waves is the first 22% (time-wise), or 55 years may be the worst part of the wave, Wave A. 2018 + 55 years = 2073. Cycle-wise, the first down move should occur from about 2018-2021 and could take out as much as 79-89% of the value of the stock market! We are about to enter to enter a recurring major war cycle that runs on average about every 80-84 years. The revolution cycle runs about every 240-252 years and is due from 2016-2028.

Trump's tax reforms are due in August of 2017. Could it be that the final 5th wave rally will be due to corporate tax reforms? The recent Trump rally was a highly irregular topping action (intermediate wave Y) of Primary Wave 4. Wave Z of 4 should correct us back to at least near 1800 by early August or about 25%.

S&P500 Monthly from 1977 Chart
Larger Image

The Volatility sector looks promising to me. I really like UVXY. Currently near 21-22, a move to near 80 would not surprise me by early August.

As far as the mining sector is concerned, we recently started shorting the miners, but have now gone to neutral. The 10 week low is due in this general area and could kick off another short term rally soon. The COT information does not look promising at this juncture though. Any rally we have now should be viewed with suspicion, IMO. We'll see.

 


BluStar Market Timer's Website is www.blustarmarkettimer.info

 

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