FOMC a game-changer for the dollar

FOR FRIDAY: (9/22) Starting to think that the FOMC was a game-changer for the dollar and we’ll buy dips into Sunday night/early Monday. Gold still in trouble until 1275 comes in next week. Crude seems higher into at least Sunday night and we have to complete research around the rest of the month.


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Sluggish trade for stocks and bonds on Thursday

FOR THURSDAY: (9/21) We have the Jewish New Year holiday on Thursday and that may create sluggish trade for stocks and bonds. We’re still wondering if the FOMC statement was a game changer. We are clear on weaker gold to 1275-1280 next and that could push the dollar above 9300 and issue a stronger weekly…


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Dollar looks lower on Wednesday

FOR WEDNESDAY: (9/20) Time for more fun and games. The feeling is that whatever Yellen says, the dollar will go down because of the following factors: * Fed’s dot plot likely to go through a downgrade * The storms might wreck Fed’s balance sheet plans * Rate increases won’t necessarily tighten financial conditions * Yellen’s…


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Stock cycles supportive into Tuesday night

FOR TUESDAY: (9/19) Trade may be anxious to do anything before Trump opens his mouth at the UN. Expect something patriotic that will probably rally the market. Stock cycles seem supportive into the Tuesday night session and they usually take the market up before FOMC.


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S&P chances of coming off 2500 strong

FOR MONDAY: (9/18) Chances of the market coming off from 2500 on the S & P are strong if any bad news hits. We like to see the market down hard the Monday before FOMC so they can buy it back and we often see a 25-30 point dip. Usually we get a lot of…


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Stock cycles look lower Thursday

FOR THURSDAY: (9/14) Stock cycles look lower for another day and probably also gold and we’ll be patient with this market. N. Korean missile move starting to show up again and that may create discomfort and market is too close to key numbers for any sane person to be buying. Crude now looks higher a…


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S& P could run out of steam near 2500

FOR WEDNESDAY: (9/13) We continue to see lower gold and higher dollars into Wednesday and that should mean lower T-notes and higher stocks. Still, stocks look like they could run out of steam near 2500. Our prayers continue to go out to the new flood victims in Jacksonville, FL and in South Carolina. Continue to…


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Still seeing lower gold, higher dollars into Wednesday

FOR TUESDAY: (9/12) We continue to see lower gold and higher dollars into Wednesday and that should mean lower T-notes and higher stocks. Still, stocks look like they could run out of steam and retrace a bit into Wednesday. Our prayers continue to go out to the new flood victims in Jacksonville, FL and in…


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S & P couldn’t break key support

FOR MONDAY: (9/11) There’s little doubt that Florida will get hit by the hurricane at publication. Sometimes extreme gap downs on these events have nowhere to go but to recover and the S & P couldn’t break key support. The history of Hurricane Andrew in August 1992 had the US stock market down a week…


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Open to panic selling coming next few days

FOR FRIDAY: (9/8) Buy the rumor, sell the fact. Thinking that if stocks sell off into the weekend and gold is also higher and the dollar lower, then whatever happens over the weekend will have nowhere to go and the markets will rebound. Cycles turn a bit more depressing and pessimistic the next few days…


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