All Star Market Timing
Stock market timing with Elliott/Taucher/Gann/Cadbury methods and astro-finance outlook on the financial markets and is dedicated to the All Stars of Market Timing – R. N. Elliott, W. D. Gann, Frank Taucher and Chris Cadbury and many others that have influenced my market methodology.
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Folks, Market Observations for the Week: The over-the-top Trump rhetoric towards Iran on Tuesday told us that a turn was close so we bought some TQQQ and SBSW. On Wednesday, the SPX gave us one of its biggest rally days and every sector was up except for energy. If the SPX can take out 6805, a…
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Folks, Market Observations for the Week: The Mercury retrograde cycle ended on 3/21 and the SPY made a trading low Sunday evening. However, our bias is that the rally in the SPX and PM sector is just a 3-wave correction that could hold up into early Wednesday before taking the SPX back to test its low.…
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Folks, Market Observations for the Week: The SPX remains in a post-Fed Day slam down that could bottom by Tuesday and provide us a trading low. We did recommend raising cash for this event and believe that the SPX will see a trading low by Tuesday. At that point, we could see the SPX below 6500…
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Folks, Market Observations for the Week: The price of crude oil rallied today and pressured the SPX down into the close with the VIX making its high for the day at the bell. The SPX looks like it wants to test its 200-dma at 6600. Crude oil prices are driving global markets and the US stock…
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Folks, Market Observations for the Week: We were looking for the 3/9-3/10 turn window to spark a rally in the SPX and the PMs but so far we are disappointed. In our view, the uncertain timeframe of the US/Iran war makes it difficult to price it into the stock market and this is making the SPX…
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Folks, Market Observations for the Week: The SPX sold off into early Tuesday’s New Moon/solar eclipse and then rebounded. The NYSE composite made a new ATH on 2/12 and also corrected into the New Moon on Tuesday. We were looking at the 2/17-2/18 New Moon/ solar eclipse as being a potential turn for both the SPX…
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Folks, Market Observations for the Week: The SPX made a correction low at 6838.8 on Wednesday which is the exact 49-day trading day cycle from the key 11/21 low but we could still see lower lows into Thursday/Friday. The SPX may be making a “rounding top” here with the XLF topping on I/6/26 and the XLE…
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Folks, Market Observations for the Week: The SPX traded above 7000 on Wednesday and since then appears to be trading down into the 2/2-2/3 Full Moon Timing Window. The SLV gave us Key Reversal Day on Thursday and we should have exited all trading positions in SLV and silver stocks before the close. The strong open…
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Folks, Market Observations for the Week: The IWM printed a “Gravestone Doji” candlestick on Thursday and that is giving the US stock market another wave of corrective action as the market digest some Big Tech earnings from MSFT, META and AAPL on Wednesday/Thursday as well as geopolitical news from China. Uncertainty over several issues from the…
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Folks, Market Observations for the Week: The E-min sold off hard on Sunday night and continues to trade weakly on Monday night. If we get a gap-down open on the SPX Tuesday morning, that will finish an EW a-b-c correction on the hourly chart. Our TRIN-5 indicator closed above 6.0 on Friday’s close again which is…