Metals running out of time for new lows

FOR FRIDAY: (6/22) Trade waiting on Friday OPEC meeting but it bleeds into Saturday so may have wild action on Sunday. Stocks getting more serious about shorts and metals running out of time for new lows by Sunday night or early Monday. Dollar looks lower into Sunday.


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Gold, silver look lower on Thursday

FOR THURSDAY: (6/21) Trade waiting on Friday OPEC meeting, and new highs on NQ cash mean that they will buy Amazon when everything else is starting to be in trouble. We’ll wait for the morning but the rule is not to sell after a sucker punch and new highs in a market, and NQ may…


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Favoring lower stocks prices into Monday

FOR WEDNESDAY: (6/20) We have the sense of the other shoe dropping and concerns about wild things happening and find it hard to put on positions overnight now. Will see what develops in the morning and take more stances here. Tuesday was a bit of a surprise day and still shaking off the dust.


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Stocks should be lower all week

FOR TUESDAY: (6/19) Dollar starting to look lower into Sunday with 1-day to rally this week on Wednesday. Stocks should be lower all week. Oil still has a few days before we can sell again. There’s a volatile cycle on Tuesday/Wednesday so watch for whippy action. SEPT. E-MINI S & P 500 S & P…


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Crude not done until 6087

FOR MONDAY: (6/18) Stocks cycles look lower next week; gold looks like it could have a 2-3-day bounce from lower levels and the dollar and euro need to retrace those huge moves from Thursday for a few days. Crude not done until 6087 but short-covering likely to start soon before contract expiration.


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New highs on NQ suggest no deeper break

FOR FRIDAY: (6/15) We didn’t get dramatic reversals like we had expected except for the dollar and the euro, and new highs on NQ don’t bode well for this market. If China tariffs aren’t as bad as expected, the market could celebrate and do what it does best and buy Netflix and Amazon.


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Cycles turn more volatile Thursday afternoon

FOR THURSDAY: (6/14) Cycles turn more volatile on Thursday afternoon and thinking a cycle low into Monday for stocks. ECB craziness is often worse than FOMC craziness so we’re a bit gun shy and have to focus on key patterns and numbers and cycles. We have gold lower for a few days, which means that…


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Cycles firm Wednesday, volatile Thursday

FOR WEDNESDAY: (6/13) We looked closely at cycles on Wednesday and they seem firm and then more volatile on Thursday. New continuation highs on NQ should bring SP up so not expecting anything wild to the downside, and the divergent high seems likely. Other markets were too congestive to give us too many clues. While…


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Divergent high on stocks should finally lead to something bigger

FOR TUESDAY: (6/12) The Trump meeting is 9 am Singapore time so we will get the drift of it tonight in the evening news. The bigger events are a Brexit vote on Tuesday and waiting for FOMC on Wednesday, but probably ECB on Thursday will have the most impact on the week. We do expect…


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Expecting congestive, messy action ahead of FOMC, ECB

FOR MONDAY: (6/11) The G-7 meeting in Canada runs over the weekend with fireworks expected, and we’ll see how markets are impacted. They may wait until Sunday to explode one way or the other. Hard to imagine Trump backing down but is that positive or negative for the dollar? Stocks cycles do point lower from…


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