• 3 days How To Invest In The Cybersecurity Boom
  • 5 days Investors Are Patient With Unprofitable Giants
  • 7 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 8 days 5 Stocks To Keep A Close Eye On This Year
  • 10 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 11 days Central America Is Ready For The Bitcoin Hustle
  • 12 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 13 days Top Performing Stocks As Inflation Fears Grow
  • 15 days US Airline Stocks Take A Beating On New EU Restrictions
  • 15 days This IPO Could Open Sustainable Fashion Floodgates
  • 16 days Crypto Crime Nets Another $2B Fraudster
  • 18 days This Week’s Hottest Meme Stocks
  • 20 days Why World Markets Should Be Watching Germany Closely
  • 22 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 24 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 26 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
  • 27 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
  • 27 days International Banks Blacklist Afghanistan Following Taliban Takeover
  • 29 days China’s Tycoons Are Getting A Serious Reality Check
  • 30 days U.S. Cannabis Space Heats Up With Telling Tilray Acquisition
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Stock Market, Gold Miner Update

We entered into a Mercury Retrograde period on April 9, which I have said before is like trading in the Bermuda Triangle, difficult at best! Typically, this usually portends a turn in the precious metals market within about 2-4 trading days. As far as the stock market is concerned, the normal indicators tend not to work as well.

My original thinking was, we would see more stock market selling after Easter than before. Next week (4/21) has Venus squaring Saturn for the second time in weeks. Venus turned direct yesterday. We have a Bradley turn due on 4/19 +/- and another on the new moon 4/26 (which should be near a 3 week top). The 8 TD cycle top is Tuesday next week and we have another astro turn based on Saturn on the 17th (Monday). Typically, 8 TD tops turn back down at least 2 trading days. I have a TLC low due Monday, so a rally back up from Monday is expected into Tuesday, perhaps near SPX 2343 (the low Monday? 2321-24ish).

Pluto turns retrograde on the 20th. Pluto rules debt, so that should be on the minds of politicians this week (after Tuesday). Gold could easily be topping on the 20 week cycle with fits and starts next week, but rolling over likely. Mars is still aspected strongly (as I said a few weeks ago, Trump will likely be tested in the coming weeks on the war stage), but the read on gold is saying to me we likely start dropping into mid May. Mid May to late June looks higher to me, but overall down for the year as a whole on gold. We'll see.

The expected stock market 20 week low looks like a basic non-event to me, which to me means this top in early March may not be bested for some time or is a part of a larger topping process, so longer term investors need to take heed.

My basic thinking is: we see recovery from early selling Monday, bounce into Tuesday and then go down into Thursday to around SPX 2308. By May 1, the 2360's could be beckoning. After that, it gets tricky again: probably down.

S&P500 Daily Chart
Larger Image

GDX Daily Chart
Larger Image

 


Website: www.blustarmarkettimer.info

 

Back to homepage

Leave a comment

Leave a comment