29 replies to this topic

[blustar]

                                                            BluStar Market Insights Presents:

 

 

Morning Coffee, "Running Out of Time for a Top!"

 

January 6, 2023 AM

 

The astro aspect Sun/Mer conj. hits tomorrow and forecasted a low Jan 5/6 and today is a potential TLC or buy low.  Based on the 5 TD cycle we should see 3883 SPX by the 2nd to 4th hour of trading, which the computer model predicts. Today is TD 9 of the [b] wave of A of {C}. 

 

UVIX now hit a new low of $5.21. This weekend has Mercury Rx in Capricorn mid point on the 8th [point of decision], tonight is the full moon and Venus trine Mars on Monday (war).

 

Putin has called for a cease fire for the Russian Orthodox celebration of Christmas on the 6th and 7th. OIL prices went up 9 TD's on Wave A, pulled back x-y-z B {4 TD's} and now the expected C Wave of 9 TD's should finish on January 20th, the day before the new moon, Uranus Stationary/Direct and Venus conj. Saturn on the 22nd.

 

I believe we are going down in the stock market over 9 TD's into the 20th, {a-b-c 3-3-2}, so we could easily have a 7-9-9 TD Affair A Wave of {C}, much like what happened in Sept 2022 only likely much more intense to possibly around 3200 SPX.

 

The computer model is looking for a low on the 11 or 12th and the 12 has Mars Direct (war). Uranus [rebellion, chaos] is aspected again on the 14th, Venus sq. Uranus, so at least a minor 'x' of "b" low on the 17th GEO is expected. The next day on the 18th, Mercury in Capricorn goes Stationary/Direct with the Sun conj. Pluto in Capricorn, which could easily be a 'y' of "b" top. The Sun leaves Capricorn on the 20th.

 

Putin's Pluto aspects are heavily aspected in Capricorn. OIL is definitely involved.

 

 

Brad Gudgeon

Editor,

BluStar Market Insights

 

Edited by blustar, 06 January 2023 - 10:09 AM.

[skott]

Brad,  what does your model and those you trust say on Gold and the miners? We have a full moon tonight. That can mean a reversal or acceleration of the trend. What say you?   And you say today is a top in the stock market. I can believe that. Vix is telling us something.

[blustar]

Brad,  what does your model and those you trust say on Gold and the miners? We have a full moon tonight. That can mean a reversal or acceleration of the trend. What say you?   And you say today is a top in the stock market. I can believe that. Vix is telling us something.

I think the dollar will get strong and the PM's fall. I don't see a great buying opportunity until Jan 2024

[skott]

Gold mining stocks do very well during bear markets. I was long and get stopped out for safety and didn't pull the trigger to go back long. This weekend will be telling IMO.

[skott]

yeah, that's about 18% drop from current levels in a span of 8 trading days. That will be amazing if it happens and most likely forgotten if it doesn't. I hope it does

[blustar]

I'm not sure if it will go that low, but Jan 19-20 should be a low. I believe at minimum we break below 3500 by then into the 3400's. We just hit my target of 3883 at 3384.30 on the 4th hour

[skott]

thanks for pointing that out. somehow I read your top was supposed to be 3912. I sometimes have dyslexia. Hopefully that pulls the miners down for a better entry.

[blustar]

Originally I thought 3904- 3908 for the blow off top, then backed it off to 3897/3900. It was 3906 today. I see a big move down on Monday, nearly 180-190 points possible.

[blustar]

yeah, that's about 18% drop from current levels in a span of 8 trading days. That will be amazing if it happens and most likely forgotten if it doesn't. I hope it does

I'm thinking 3300 SPX by Feb 9 now and near 3440 by Jan 20; been doing some work on gold vs silver and the miners. Gold looks the strongest going forward due to war tensions especially as we move into Feb 28 & March 15 perhaps above $1970, but a market collapse could send it lower back into the $1600's by March 21. By August we could see $2440, but a collapse is due into January 2024 that could see a move below $1300. In my opinion (fwiw), unless your are a trader I would wait until January 2024. War and oil prices likely to rattle the markets even on Monday 1/9, but even more so going into late Feb to mid/late March. As far as silver and the miners, I would wait until the March 21, 2023 expected collapse bottom and of course trade out longs in the summer.

[12SPX]

Hmmmm I went into the weekend with an average 3910 short but I think we'll only hit 3440.42 by the 20th lol, hahaha