• 675 days Will The ECB Continue To Hike Rates?
  • 675 days Forbes: Aramco Remains Largest Company In The Middle East
  • 677 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,077 days Could Crypto Overtake Traditional Investment?
  • 1,082 days Americans Still Quitting Jobs At Record Pace
  • 1,084 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,087 days Is The Dollar Too Strong?
  • 1,087 days Big Tech Disappoints Investors on Earnings Calls
  • 1,088 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,090 days China Is Quietly Trying To Distance Itself From Russia
  • 1,090 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,094 days Crypto Investors Won Big In 2021
  • 1,094 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,095 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,097 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,098 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,101 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,102 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,102 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,104 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

A Stock Market Dip in the Offing?

Right now, the coming dip could be a little scary, but shouldn’t amount to much, maybe around 4%. My guess is the first couple of days next week should see a sharp drop, but a buy the dip mentally and seasonal strength should prevail for now. The astros were ripe for a top around February 27-March 2. We have another even more complex period coming up March 31-April 15.  March 31 could be a top and then another secondary bottom around April 11-12 would be ideal. A sharp drop next week would produce a need for a momentum failure retest by around early/mid April.

S&P500 Daily Chart
Larger Image

GDX had us watching for a top on Tuesday and buying the dip late in the day (21.27) and early Wednesday. I had a target for Thursday around 23.42 and we tagged 23.45. My subs made a huge 23%+ on NUGT and even bigger on GDX calls. I am currently neutral on GDX, but bet higher highs are soon around the corner.

 


The subscription website is http://www.blustarmarkettimer.info

 

Back to homepage

Leave a comment

Leave a comment