The Stock Market Meets the FED This Week :: The Market Oracle …
The Stock Market Meets the FED This Week
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Stock Markets 2015Jun 14, 2015 – 03:43 PM GMT
By: Brad_Gudgeon
Last weekend, I was looking for bottom late Monday near 2067/70 and then a strong rally to perhaps as high SPX 2101/13 by Wednesday. The SPX bottomed early Tuesday at 2072 and rallied to 2115 by Thursday. I give myself an A- for that forecast, not perfect by any means, but close enough to make money on.
The whole cycle has shifted ahead by one trading day putting the final low on June 15 (instead of June 12, where I had previously expected), the day before the new moon (a new moon reversal). The new forecast suggests only a test of 2070/71 this time on Monday, not as low as I had previously thought.
As far as the FED meeting on Wednesday, I don’t see any evidence of anything remotely negative going into the meeting. In fact, I believe we will already be rallying strongly into the meeting and the FED meeting should be a non-event. Silver could possibly benefit from the FED meeting, as I see an important bottom forming there. This means that the FED is not likely to raise rates anytime soon or even hint that they may anytime soon.
The chart below shows stock market strength from June 15 into possibly June 29 . There are positive astro influences on June 22 and again around June 29-July 1. Cycle-wise, we should see some weakness from early Thursday this week into early Friday of around 1.5%, but it is still a buy the dips market.
The astro-cycles start to get negative from early July, and lasting into early August. We should see renewed dollar strength and a pounding of the precious metals market again during this time frame along with a probable 10%+ correction in the US stock market, possibly into late July/early August as we approach the 40 week lows from October 15, 2014.
Our auto-trading account is +29.3% since inception on April 15, 2015 (all recorded by a reliable third party). We have caught a majority of the swings in the stock market. The buy and hold investor is not making any money this year. I keep saying, “The majority of the easy money has been made in the stock market”.
Brad Gudgeon
Editor of The BluStar Market Timer
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 GudgeonArchive
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The Stock Market Meets the FED This Week :: The Market Oracle …
