Brad Gudgeon

Articles by Brad Gudgeon

The stock market is due for a sudden air pocket, likely from Tuesday to Thursday this week. My downside target is 2398 +/-. We are due for the 10 week low from April 13, 2017.  The SPX is making an irregular abc type (y) wave top that is...
May 17 saw one of the largest drops of the stock market this year.  I believe we will see an even larger drop early next week. There are three distinct reasons apart from the daily MACD failing to make a new high along with the SPX....
We entered into a Mercury Retrograde period on April 9, which I have said before is like trading in the Bermuda Triangle, difficult at best! Typically, this usually portends a turn in the precious metals market within about 2-4 trading...
Two weeks ago, I was looking at a possible 2330 SPX by year’s end. By December 23rd, I told my subscribers to expect a rally into December 27, and then a bottom near December 29th, somewhere between SPX 2238-52. The SPX closed at 2238 on...
The stock market looks like it is making a distribution top into the FED meeting. We may see a small pull back into late week and then higher prices into the 14th. We could see a sharp drop into the 5 week cycle low due around the 19th...
A lot of traders I know were thinking that a low on Monday would be it -and then off to the races. I was in that camp too. The problem is the rising wedge was never broken. So what now? Pretty much the same for the SPX and GDX: another...
Last I wrote, I was expecting a stock market top early in the week with the late week dropping. We had gone short on Thursday, but late screwy wave action had me pull out to neutral (to my chagrin). I had been looking for a 10 week low...
This month ahead looks choppy for both markets. Gold (especially the miners) has just come off of hard drop. Consequently, we may expect an upward/sideward bias until we get past Mercury Rx (retrograde) around September 22, where we could...
The charts below of GLD and GDX show remarkable differences…and at the same time there are similarities. GDX is coming into the 22 TD low due August 24 and we have Mercury Stationary/Retrograde due August 30. In the past, Mercury...
The chart below shows an alternative wave count to the one I proposed earlier this week. At this juncture (8/9/16), we have made a new high at 2187. The daily Stochastics is not confirming this new high - and the top looks irregular...

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Pure gold is so soft that a strong man can squeeze it and shape it.