2-day congestive fall not that significant

FOR WEDNESDAY: (2/21) Market was overdone and a 2-day congestive fall isn’t that significant. Next key pivot point for most financials is Sunday, Feb. 25. We think it will be a stock high, dollar high and gold low and crude high. Some of it will get retraced on Wednesday but that will set up entries…


Read More

Next key pivot point is Sunday, Feb. 25

FOR TUESDAY: (2/20) Next key pivot point for most financials is Sunday, Feb. 25. We think it will be a stock high, dollar high and gold low and crude high. Three-day holidays can have a lot of movement. Some of it will get retraced on Wednesday but that will set up entries for Sunday. We…


Read More

Cycles look positive but…

FOR FRIDAY: (2/16) Cycles look positive but we may have everyone heading early for the exits for a much-needed holiday. Assuming profit-taking will set in by 9 am on trending situations, which means gold and silver coming off and short-covering for the dollar. Best entries may be Monday during the holiday for new longs on…


Read More

Insane day on Wednesday

FOR THURSDAY: (2/15) Insane day on Wednesday and not sure anyone survived. Hard to be able to dip your toe into the water now. Seems like momentum from Wednesday will peak early Thursday and then turn into Monday. Hard to chase anything, as a bit more will happen and then profit-taking will set in before…


Read More

Volatility is back

FOR TUESDAY: (2/13) Volatility if back for those who have been tired with straight up but it does require full-time attention; you have to be on guard, and it negates taking much home overnight. Mondays sometimes are throw-away days so we have to see if any of the trends that start with gold and the…


Read More

Could see secondary lows for stocks on Monday

FOR MONDAY: (2/12) We could see secondary lows for stocks on Monday and if they hold, we would expect a recovery next week from oversold conditions for stocks. Metals look lower next week and the dollar higher. Crude may be too oversold to hold now. OVERALL: Rand Paul’s heroics could not pull-off fiscal responsibility and…


Read More

Concerned that key numbers for stocks are already in

FOR FRIDAY: (2/9) There’s a certain amount of chaos that makes us rather gun shy. We’re concerned that key numbers for stocks came in already with two more days of possible movement lower but without a decent risk/reward, hard to play now. These markets will get back to normal at some point but we’ll continue…


Read More

Trade not liking the bond auction

FOR THURSDAY: (2/8) Trade not liking the bond auction or the fiscal irresponsibility of the budget but the House will probably pass and probably a lame end of years of kicking the can. In the meantime, stocks are in complicated congestion pattern, and that means you get these big waves and bounces. Can’t touch overnight.


Read More

Still on high-volatility alert

FOR WEDNESDAY: (2/7) Still on high-volatility alert for a few more weeks but the lowest and most extreme numbers should be in for a while and may not even come out into the March low. If the budget deal looks promising, they may quickly take the market up to 2802. Fun trading now if you…


Read More

FOR TUESDAY: (2/6) Panic cycles can alter everything so we have to trade off of pattern. We can’t jump on the media’s panic energy or discussion of record DOW point falls, and of course we have to look at the percentage fall–and today’s fall was nothing like Oct. 1987. The Dow is only 30 stocks…


Read More