Still like short gold, silver

FOR TUESDAY: (11/21) Always worried about thin holiday conditions which make stop placement precarious. We still like short gold and silver and long crude and will go with those new trades. We also like long stocks but want to make sure there are not any nasty surprises in the morning. DEC. E-MINI S & P…


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Stocks look higher on Sunday

FOR MONDAY: (11/20) We’re happy to put this whippy week behind us.  The problem is that thin holiday action before Thanksgiving can be either non-eventful or too crazy in going after stops in thin conditions. Our strategy is usually not to trade too much before Thanksgiving and my trading tutors have always taught that Nov…


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Stocks looking higher Friday into Sunday

FOR FRIDAY: (11/17) Last few days have been difficult, as we have had a number of larger 4th waves that seemed like trend changes but then they are recovering to keep the trend intact. New highs on NQ remind us that it’s too early to write the stock market’s obituary. All we had is a…


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Dollar high on Thursday?

FOR THURSDAY: (11/16) Last few days have been difficult, as we got the dollar wrong and even crude and bonds failed to work. Luckily our stock index shorts are working. Whippy action likely to continue with a dollar high on Thursday and gold low.


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Lots of surprises Tuesday; stocks teetering

FOR WEDNESDAY: (11/15) Lots of surprises in the markets and a lot of gyrations about hopes and fears around the tax bill impacting the dollar and other markets. Will have to see what develops overnight but usually a market in motion stays in motion, and that may mean we’re wrong about the dollar and the…


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US has a difficult cycle Nov. 15-Dec. 14

FOR MONDAY: (11/13) Not seeing a volatile weekend in the world but we do have concerns around the Middle East, and anger and aggression cycles increase Nov. 14-19. Still, there are enough factors that peace should still dominate. The US has a difficult cycle Nov. 15-Dec. 14, and that may create frustration around the tax…


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Stocks confirm a temporary top

FOR FRIDAY: (11/10) Still not a lot of news but tensions in the Middle East will make taking positions home harder. Stocks fell enough to confirm a temporary top but not confirmed on a closing basis, as the computers bought it back into the close. We do see a number of shifts over the weekend…


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Key cycle Friday for many markets

FOR THURSDAY: (11/9) Still a really quiet week on the news front. Key cycle is Friday for many markets so not in a rush to get into major trend changes until Monday. Will assume that gold will hold up. Open to a congestive pullback for stocks for a few days but that seems like a…


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S&P has a chance for divergent high on Wednesday

FOR WEDNESDAY: (11/8) We have a low-confidence read on the week, with a key cycle into Thursday/Friday suggesting a low for stocks, a high for notes, a low for the dollar and a high for gold and higher prices for crude. We’ll give stocks a chance on Wednesday for a divergent high. No major reports…


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