Extremely rare monthly chart sell signals have been triggered by my computer trading system in the following benchmark U.S. stock market indexes:
S&P 500 Index
Russell 2000 Index
NY Composite Index
Monthly chart signals in my computer trading system are incredibly accurate and should almost never be faded.
The 10-year bull market in the U.S. stock market is over! While it's clear now that May 2019 will now go into the record books as negative for stock market investors, what's not clear at this time is how deep the bear market correction will go or how long this bear market will last. My feeling is that the damage to most U.S. equity prices will be significant and that most major indexes will lose more than 20% this year. And I also believe that the eventual bear market low may represent a loss of more than 40% from top to bottom.
However, while the average U.S. stock is expected to lose more than 40% over the next 18 months, precious metals mining shares were standout winners today and they are likely to be standout winners in a sea of red for at least the next several quarters. The price of gold is forecast to rally to near $1,500/oz by year-end 2019 and the price of silver is forecast to soar to near $18/oz during this same period. These gains amount to +15% and +25%, respectively from current levels over the next seven months.
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| Junior Gold Mining Shares ETF (GDXJ) Daily Chart |
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| New York Composite Index Monthly Chart with Computer-generated Buy & Sell Signals |
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| Russell 2000 Index Monthly Chart with Computer-generated Buy & Sell Signals |
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| S&P 500 Index Monthly Chart with Computer-generated Buy & Sell Signals |
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