20 replies to this topic

[blustar]

It looks like the CPI and PPI are going to tank this market into early Thursday, the New Moon in Virgo/Solar Eclipse. Looking for 4356/57 SPX to be tested.

 

Read my comprehensive report here.

 

blu

[cycletimer]

Blu, I exited ALL of my equity Longs a few min. ago. I remain Long $ZROZ as I believe this will be the place to be thru at least October, but possibly longer.
I haven’t begun selective shorting yet, but my long treasury position in ZROZ is. proxy for equity shorts in its own way.

[pdx5]

I have some inflation protected bonds, and wondering if I should sell them soon. Definitely after Jan 1.

Edited by pdx5, 13 September 2023 - 11:20 PM.

[MDurkin]

I have some inflation protected bonds, and wondering if I should sell them soon. Definitely after Jan 1.

I also plan to sell my E bonds in January. Not really doing much until the Fed cuts and the inversion starts. I have 2 people I respect telling me this is going to end like the 70's. Not my base case but keeping an opened mind. Here is some important info on inversions and the inversion of the 1973-1975 recession.

 

https://recessionale...ssion-forecast/

 

https://get.ycharts....to-navigate-it/

[blustar]

We are at a 3/8 TD top with a 3 and 4 week high. This means the low will be tomorrow!  The gap at 4497 needs to be taken here. From the August 30 top we have x-y-z X x-y-z drop, or a Double 3. A test of 4400 looks to be coming by tomorrow.

[blustar]

Support tomorrow is around 4412/14 SPX. The gap is being filled at 4496/97. A hard gap down is expected Friday. Current analysis shifts the final top of Y all the way out to the Venus sq. Uranus Rx, full moon on Sept 29th.  The SPY goes ex dividend tomorrow and that means 1.5 pts to par. We could see 4500 today.

[blustar]

BluStar Market Insights Presents:

 

The Calm Before the Storm

 

 

September 15, 2023 8:57 AM EDT

 

by Brad Gudgeon

 

 

 

USD

 

Empire State Manufacturing Index

 

 1.9  

         -9.9

-19.0

     

 

USD

 

Import Prices m/m

 

0.5%

0.3%

0.4%

   

9:15am

 

USD

 

Industrial Production m/m

   

0.1%

1.0%

     

 

USD

 

Capacity Utilization Rate

   

79.3%

79.3%

   

10:00am

 

USD

 

Prelim UoM Consumer Sentiment

   

69.0

69.5

     

 

USD

 

Prelim UoM Inflation Expectations

     

3.5%

 

Red is critical, yellow not so, 6 reports coming out. EDT time listed above.

 

We have a 3 & 4 week low due today and Hurst 19/40 TD low due before next week's FED meeting. We have a 4 TD x-y-z, then a double bearish irr. flat formation 3 TD's, then another 4 TD x-y-z wave and z of that wave due today, which is like a third of a third. Today's bottom could come as early as mid session and as late as EOD.

 

Another low is due next Friday to match the Thursday-Friday sell-off after the FED meeting.

 

Expecting the 4412/15 SPX (S&P 500) area to be tested today.

 

BluStar Market Insights is an outreach of Eagles Over America and Christian Patriot Media

[blustar]

Blu, I exited ALL of my equity Longs a few min. ago. I remain Long $ZROZ as I believe this will be the place to be thru at least October, but possibly longer.
I haven’t begun selective shorting yet, but my long treasury position in ZROZ is. proxy for equity shorts in its own way.

My latest analysis says that the Y wave top is not in yet, but short term there are two lows which can be bought and sold and that is the 9/15 low and the 9/22 low. Yesterday was a new moon eclipse and today late Mercury > back to Sta/Dir in Virgo after the market closes. Today is a 40 TD low as measured by the Hurst method, and a Gann 21/19 TD low.

[pdx5]

 

I have some inflation protected bonds, and wondering if I should sell them soon. Definitely after Jan 1.

I also plan to sell my E bonds in January. Not really doing much until the Fed cuts and the inversion starts. I have 2 people I respect telling me this is going to end like the 70's. Not my base case but keeping an opened mind. Here is some important info on inversions and the inversion of the 1973-1975 recession.

 

https://recessionale...ssion-forecast/

 

https://get.ycharts....to-navigate-it/

 

Would you believe about 40 of my e-bonds matured during last 5 years, and I had no choice but to sell them and pay tax on the interest. 

[q4wer]

blu,  that was a marvelous call !