Gold •136 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 945.10 | +1.10 | +0.12% | |
WTI Crude •1 day | 67.02 | -1.68 | -2.45% | |
Gasoline •1 day | 1.949 | -0.032 | -1.63% | |
Ethanol •136 days | 2.161 | +0.000 | +0.00% | |
Silver •136 days | 30.82 | +1.16 | +3.92% |
Silver • 136 days | 30.82 | +1.16 | +3.92% | ||
Copper • 136 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 71.04 | -1.52 | -2.09% | ||
Natural Gas • 1 day | 2.823 | +0.038 | +1.36% | ||
Heating Oil • 1 day | 2.171 | -0.041 | -1.87% |
Contributor since: 01 Jun 2014
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 instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to about the S&P 500 442/443 area in the next few years. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2014, BluStar Market Timer is rated #1 according to Timer Trac.
All the cycles that I follow are topping for the stock market. In fact, ideally, the SPX should top on Monday 8/8 near 2189. I…
It looks as though the stock market is waiting for the malefic Saturn Stationary/Direct in Sagittarius around August 13th before any serious damage might occur.…
My biggest concern regarding the last low on June 27th was the fact that the Dow Indu did not make an intervening high on June…
The signs of a stock market top came on July 22 when the SPX made a truncated pseudo 5th wave failure at 2175. There were…
The charts below show the stock market going higher into July 29th while GDX goes lower. A few months back I said that I thought…
Originally posted July 4, 2016 at 7:06 PM. Stock Market Could Go Either Way The precious metals complex looks toppy here and a pull back…
I was one of the few last week who said the stock market would fall on Friday. It has also fallen farther than even I…
The chart below of the S&P 500 suggests a move down to around 2041/42 early Friday, June 24 or about 3% down from today's high…
July 5th keeps coming back as an important cycle low for the stock market. The recent daily Bollinger Bands on the SPX shows increasing constriction,…
Last week was one of our best profit weeks since March. We caught the short in the stock market from June 15 into the 16th…
I had an alternate I posted a few weeks ago that suggested that the S&P 500 would fall to 1995/96 by June 17, then rally…
According to my read, the stock market as measured by the S&P 500 is about to enter roughly a 12 to 13% correction. A few…
From this vantage point, it looks as though the precious metals complex will trade opposite the stock market throughout the month of June. The miners…
GDX and gold look to make their low around June 24, not June 17th as I had reported earlier. The cycles are following gold's and…
The GLD chart below shows gold in a declining wedge. Cyclically, an 8 TD low is due in gold and a 4 TD low due…
Last week, I was looking for a big drop for the gold complex into May 19. We got a huge drop, but not the drop…
Last time I wrote, I pointed to May 19th as being a likely, important bottom in the precious metals complex. It is May 16th in…
The stock market, as measured by the S&P 500, reached its 115 trading cycle top the third week of April. The next important cycle low…
Gold should drop about $150 from here into May 18th or about 12-13%. Gold mining shares should drop about 35-38% from here into May 18th.…
The chart below shows a repeating pattern of 115 trading day tops on the S&P 500 virtually shadowing the 100 trading day cycle to cycle…