Stock market close to issuing a breakdown

FOR FRIDAY: (4/20) One Fed Governor speaking on Friday and no other reports. Market close to issuing a breakdown but could do a secondary high into Monday and Tuesday. End of the week profit-taking will set in. Things not as tense as last weekend.


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Gold, crude cycles still friendly into Sunday

FOR THURSDAY: (4/19) Stocks took a rest on Wednesday and cycles are still friendly into Thursday so we’ll give them another day to breakout to the upside. Gold and crude cycles are still friendly into Sunday.


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Gold seems higher into Monday

FOR WEDNESDAY: (4/18) Cycles are friendly the next two days and we doubt the bears will easily take back control. Gold seems higher into Monday and the dollar lower and oil looks higher into the end of the week and Monday. We need to buy dips on stocks and crude and sell the dollar.


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Stocks may retrace on Tuesday

FOR TUESDAY: (4/17) While we did not get peace the situation did resolve for the market to go up, which was what the cycles had suggested. Stocks may retrace on Tuesday but then be higher into the end of the week. Gold looks higher a few more days; oil looks in trouble for a few…


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War markets may lead to big initial gaps

FOR MONDAY: (4/16) At Friday night publication the U.S is bombing Syria in coordination with France and the UK. A lot will happen over the weekend break and we’ll have to see where the world is by Sunday afternoon. While we usually don’t do Sunday updates, we’ll have to this Sunday. We had a bias…


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Favoring higher stocks into Monday

FOR FRIDAY: (4/13) Hard to play anything and gamble over the weekend. We favor no missile strike over the weekend into Monday and higher stocks, which would suggest lower gold but we may have to consider Sunday’s open to play if you have to play these volatile markets.


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Markets on edge with a potential missile strike against Syria

FOR THURSDAY: (4/12) Markets on edge with a potential missile strike against Syria within 72 hours. With a repeat of last year’s April 5 event pending, one has to look at that cycle. Last year the stock market fell 50 points over 8 days when that happened and given recent volatility swings, that’s more likely…


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Patterns suggest a bounce to S&P 2620 region

FOR MONDAY: (4/9) What’s next? Too many potential tweets and China statements to take new positions. We sense that much of next week is lower for stocks and higher for bonds and gold, and we’ll play that way. Have a restful weekend!


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Lower gold and higher dollars ahead

FOR FRIDAY: (4/6) Too much volatility and too many surprises lately have us not in the mood to outguess the market for Friday. Thursday should have been down but it wasn’t, and does that mean a delayed impact on Friday? The sucker punch has changed the momentum. We do see lower gold and higher dollars…


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Favoring sideways to lower stocks for Thursday

FOR THURSDAY: (4/5) Trade waiting on employment report. We have a bias toward sideways to lower stocks for Thursday and lower stocks on Friday but this market is full of surprises everyday. Gold should retrace 2 days now and the dollar is still wanting to go higher for a few days.


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