Search This Blog

Thursday, October 31, 2019

Jobs Report Rally Top?

I surely apologize for my miss! I had today up originally and the gold market down for Halloween and it was quite the opposite!

I don't know about gold short term, only that I'm bearish overall into Feb 2020.

The charts below say what I'm thinking into Friday for the stock market. I believe tomorrow to be an important top.  Looking for a double top into Nov 13 and then comes the Z Wave down into early February.  Looking for SPX 2475!



For "Special Offers", please visit my website:

BluStar Market Timer

Wednesday, October 30, 2019

FED Induced Sell Off?

Late Update PM Oct 30, 2019:

The FED caused a rather unusual set up, a "Triple Irregular Top" and two bearish WXY patterns on the Dow 30.  The actual Jupiter- Saturn Low was due Oct 31 as noted on my previous post with a Sun/Moon low due Nov 1. It looks like a low tomorrow, a big sell-off, then a huge rally into Nov 4. We should see a move to 2991 on the SPX tomorrow.





Yesterday, the S&P 500 created an irregular top off of another irregular top.  This, combined with a bearish rising wedge, tells me we see a FED induced sell-off today to at least the 2991 area. 

As you clearly saw on my previous report, the Dow 30 was forming a bearish Y wave top Monday and failed to take out the Monday top.  The NASDAQ chart yesterday was even more noticeable (not shown here) as it failed to get even close to its Monday top.

Yesterday also saw a bearish OEX P/C ratio of 5.90 combined with a bearish VIX P/C ratio of 0.17.  Today has the Transports selling off dramatically along with the Utilities coming off their bottom and rising in defensive manner (no Transport or Utility chart shown below).

The Halloween treat as I purported two days ago was that we see a stock market rally into November 1, but not so likely with the Gold Complex.



I'm offering a 2 week trial for just $50,  offer good until Nov 3.

Website Link

Monday, October 28, 2019

Halloween: Trick or Treat?

The charts below tell me that there is more treat than trick, at least for the stock market.  The gold, silver and mining share market is a different story altogether.

The overall look of the stock market is one that is in a major topping phase. I'm looking for a double top around Nov 13 after an expected Nov 1 top.  This reminds me of Oct 3, 2018.  Next low due Feb 4, 2020.  Could easily be another 20% drop!









I'm offering a 2 week trial for $50. Good Oct 28 through Nov 3

Please visit my website for more info