Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market, GDX Topping Again?

Stock-Markets / Stock Markets 2015 Dec 27, 2015 - 03:54 PM GMT

By: Brad_Gudgeon

Stock-Markets

Since it is still the Holiday Season, I am making this article brief. The SPX is at the 16 TD top 3 TD as of Christmas Eve. There is an 8 TD top due Dec 30 2 TD's with the moon in Leo/Virgo on the 29th. On the 29th, Mercury squares Mars, and again this will happen on the 5th of January (these are negative). Last time we had a top like this (moon in Leo/Virgo) was Dec 1/2. Christmas Eve was the 4/8 TD low, so we may see a pop up on Monday. It looks similar to the late July top right now, so it could go into Dec 30 and as high as 2092/95. The Put/Call ratios are also very similar to that time frame.


The next important low is the 20 week cycle from August 24, which last ran 115 TD's and can run 85 to 115 TD's. The astro moon cycles are set up for an important low around January 7th and again possibly in early February around the 4th. There is a Gann 16 TD low due on January 7th with a TLC low due also on that date. A Bradley turn is due December 25th (with a full moon) and again on January 6th, with Jupiter going stationary/retrograde on the 7th. Uranus went direct on December 25th.

An important clue whether or not we have an August 24th type event in early January may be with GDX, the gold mining ETF. It is due for a pull back early next week, as the cycles have been running a 2-1-2 up move followed by a 2 TD pull back into the 8 TD low (now running 7 TD's). If we can pull back to the lower down sloping line on the chart near 13.20 Tuesday and then rise well above it by January 6th (one day past Mercury stationary/retrograde, often an important PM turn) we may have a stock market meltdown on the 7th. Either way, GDX should top on January 6th, so it is worth watching.

Seasonal/Holiday trading is some of the most difficult to do, mainly because of the lack of volume: it is easily manipulated by the futures traders.

The SPX chart below shows the fan formation lines 1,2 and 3. IF 3 is broken, a visit to the previous lows (SPX 1867) or lower would be likely. Notice also that the daily MACD may be attempting a bullish cross over or it could reverse with a "Kiss of Death". Even if it does give a buy signal, it will likely be a fake out. The daily stochastics are pointing up.

S&P500 Daily Chart

Market Vectors Gold Miners ETF Daily Chart

GDX gave us a daily and 4 hour MACD bullish crossover. Often times, these buy signals result in a couple of days of severe selling first before moving much higher. Even with the COT reporting net commercial longs, it is tough for gold and silver to move up against the rising dollar for very long.

Overall, the astro picture for 2016 does not bode well for the markets. With continued commodity deflationary problems and a stronger dollar, profits will shrink. This situation should continue until the introduction of the Yuan as a world reserve currency in the fall of next year. Once the flood of fiat dollars start to return back to the USA, we should see a commodity inflationary boom along with a higher stock market into 2017/18 that will likely be followed by a huge bust going into 2020. The stage is being set for WWIII and possibly a New American Revolution as we are repeating an 80/240 year cycle.

I am happy to see that terrorism was not a huge issue last week as the set up was there for it in the astro charts. Happy Holidays and stay safe! We still face some tough times ahead.

Brad Gudgeon
Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look at www.blustarcharts.weebly.com Copyright 2015. All Rights Reserved

Copyright 2015, BluStar Market Timer.  All rights reserved.

Disclaimer:  The above information is not intended as investment advice.  Market timers can and do make mistakes.  The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information.  This article is intended for educational purposes only. Past performance is never a guarantee of future performance.

Brad Gudgeon Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in