Brad Gudgeon | TalkMarkets | Page 3
Professional Market Timer
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 ...more

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SPX Drop Into The 2130s Expected, Now What?
We finally got that “False Break” of the Rising Wedge I’ve talking about. The long-awaited 2200+ area beckons now.
Stock Market Update - October 10, 2016
The stock market rallied on Monday out of the 8 TD low on Friday. The 8 TD low is acting more like a 4 TD low.
Stock Market Down Monday?
The SPX could take a plunge Monday, but the set up is there for a nice rebound into October 14. I think we finally get my False Break of the Rising Wedge and the rebound that takes us above 2200 SPX. October 14 should be the high for the year.
Gold To Rally $80 Into October 14th?
Do I believe that a large drop in gold, silver, GDX and SPX is in our immediate future? You can bet your bottom dollar I do.
Choppy, Toppy Market Into Early October
Last week, we saw the stock market whipsaw: up one day and down the next. That pattern should continue into October 4 with another down day Monday.
SPX,GDX Update - September 26, 2016
I expect lower prices into this week from last week.
More Selling Monday?
It looks like that we should have more selling early Monday in the stock market according to the extremes of the 4 TD low combined with the current bearish wave action and negative astros.
Wild Week Ahead: The Selling Is Not Through
A lot of traders I know were thinking that a low on Monday would be it and then off to the races. I was in that camp too. The problem is the rising wedge was never broken. So what now?
A Look At September: Gold And Stock Market
The month ahead looks choppy for both markets.
Gold, Silver, Mining Shares Bottom Evident
Expect some upside fireworks to begin tomorrow and especially on the employment report Friday.
Big Gold Rally This Week, Stocks Down?
I believe the SPX could drop all the way to 2112/13 by September 1 and GDX could hit my 35.47 target on the same day. The charts show what I believe could happen.
GDX Has Just Made A Powerful Bull Flag
The GDX daily chart shows a powerful xyz e-wave bullish flat that is projecting to 35.42 by September 1, two trading days past the Mercury Stationary/Retrograde date of August 30.As of August 25th.
Gold, Silver, Miners: One More Rally Left?
With a possible move down to SPX 1640 by November on my radar, this coming meltdown in stocks could be the catalyst for forced liquidation of the mining stocks.
S&P 500 Down 10% Into Early September?
The chart below shows the weekly SPX since late 2008 to the current.
Stock Market: Likely Pullback Into Friday
GDX looks like it could fall below $30 by Friday (Monday latest), creating a bull flag and higher prices at least into the $32’s. Good news for gold bugs (at least for now).
Stock Market Update
At this juncture (8/9/16), SPX has made a new high at 2187. The daily Stochastics are not confirming this new high, and the top looks irregular along with a tight Bollinger Band.
33 to 48 of 66 Posts