Crude Oil prices continued their sharp decline today.
When I last checked, crude oil was trading at $48.43 a barrel. That’s a day-to-day decline of about 1.72% – on top of the sharp pullback the commodity has seen during the past couple of trading sessions.
The price decline has created some consternation for active crude oil traders. That’s been especially true, of course, for those with big long positions.
Distress Among Crude Oil Traders
I had an opportunity to get some first-hand feedback on this surprising market during the course of the trading day yesterday.
And, as I summarized in a brief YouTube video, one of the dominant reactions is surprise.
Surprise that the price decline is happening at all.
Surprise that it’s happening so quickly.
And surprise at the ripple effect it’s been having, in ancillary sectors like exploration equipment and oil pipelines.
Of course surprise is one of the big emotional components that can drive important action in the markets. But even so, I’m not so sure that it’s fully justified in this case.
It’s probably no surprise that I’ve had Cycle Trading on my mind a lot lately.
As a matter of fact, it’s been popping up no matter which way I turn!
The current week’s issue of the Financial Cycles Weekly newsletter features a cover story on the subject, complete with some W. D. Gann connections and notes on our latest research on the Mars Cycle Trading impact on the S&P 500, as illustrated with a monthly chart for that index.
While it’s always been clear to me that Gann’s work in Cycle Trading was extremely important, I’ve recently become more and more impressed with his innovative insights as I’ve personally explored the intricacies of cycle trading in greater detail.
That was one of the things that motivated my recent video on Gann Cycle Trading, in which I underscored the remarkable degree to which W. D. Gann’s observations a century ago still apply to the market conditions we are experiencing today.
The role of eclipse Saros cycles has come into focus for me lately as well, as I’ve explored the anticipated impact of the March total eclipse on cycle trading during the coming months as I’ve prepared for the publication of the new book that I’m co-authoring with Jim Cummins, Global Game Change: Power and Profit at the Equinox Eclipse.
Cycle Trading Cash Mini-Course
And of course there’s the brand-new Cycle Trading Cash Mini-Course. We successfully launched this new project over the weekend, and presented a special webinar on “How You Can Profit from Cycle Trading in Any Market” as a part of the introduction. That kept me pretty busy, too.
But the main thing about the new mini-course is that it’s up and running now. If you’re interested in Cycle Trading at all, I’d encourage you to take a look at it.
You can enroll at any time you like and go through the lessons in a systematic fashion to complete the course in about three weeks. You can check it out at http://vibrationcode.com/ctc01.
Interestingly enough, you might think that having so many different cycle trading activities going on a once might feel a little overwhelming.
But that hasn’t been true for me.
Instead of feeling like I’m being pulled in lots of different directions at once, I’ve found that all the cycle trading activities that have been going on have actually started harmonizing with each other in some very profound ways.
If anything, it’s given me a deeper sense of clarity and confidence.
I know that may sound kind of mysterious.
But harmony is really what cycle trading (and actually any kind cycle study) is all about, isn’t it?
And to help you take full advantage of this unique tool, I’ve also produced a series of eight short (from 5 minutes to 17 minutes) videos that highlight the key astrological dynamics that can impact your personal finances, along with specific plans for the most productive money strategies you can use to protect your wealth and expand your abundance.
The videos are free to watch.
The calendar is free, too, but you’ll need to provide your name and email so I can get a copy directly to you.
That will leave you plenty of time to put this valuable information to work during the coming year – and long after that, too!
When we’ve offered this class before, the participants have had nothing but rave reviews. It’s a huge asset if you’re involved in astro-trading, but you’ll benefit from it no matter what your financial concerns are.
And we’re putting together a truly incredible package of bonus materials to go with this course – just to give you extra reasons for planning to join us!
There will be more information on the class coming out between now and the end of the year – you can stay connected at: http://bit.ly/htfmclass – that site will be updated as we add more details.
When I joined Michael Yorba for my weekly interview on his Traders Network radio program on Thursday, he asked me to help make sense of the market action.
“A lot of folks are getting whipsawed,” he said, because of the contradictory signals and the confusing market action.
I told him that one of the clearest indicators we’ve got going right now is the change of seasons at the Spring Equinox, which was a key market timing indicator used by W. D. Gann.
“W. D. Gann was very private about his use of astrological cycles in market forecasting,” I said, “but he had a pretty good track record.”
As an extra bonus for Michael’s listeners, I had also used the social network page on his website to post a link to my recent video about the back-testing we’ve done with the Spring Equinox, resulting in a specific trading strategy for precious metals, individual equities, and market indices from around the world.
Michael also commented about the savings his listeners could get when they used his special YORBA coupon code to order the new report on The Stock Market Collision Course.
You can here the entire interview, which also includes Michael’s questions about Elliott Wave counts and price targets, by clicking the player here: