Brad Gudgeon

Brad Gudgeon Articles

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...
The charts below show the stock market going higher into July 29th while GDX goes lower. A few months back I said that I thought the SPX would make new highs ahead…and we are there. My original thought was, it would go higher into early...
The precious metals complex looks toppy here…and a pull-back is warranted into the end of July (see chart below for added information). The stock market is in a critical zone. The 4 TD low is overdue by 1 TD and the 8 TD low is due on...
I was one of the few last week who said the stock market would fall on Friday. It has also fallen further than even I expected. So what’s next? The chart below shows a counter trend rally likely on Tuesday, perhaps back to 2049/50 SPX....
July 5th keeps coming back as an important cycle low for the stock market. The recent daily Bollinger Bands on the SPX shows increasing constriction, which in the past pointed to a possible melt down, similar to what we saw from August 18...
According to my read, the stock market as measured by the S&P500 is about to enter roughly a 12% to 13% correction. A few weeks ago, I wrote about the dates July 5th and November 29th as being possible important cycle lows for the...
Nevada accounts for 75% of U.S. gold production.

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