Expecting a congestive day Friday

FOR FRIDAY: (7/28) Lately everyone heads for the beach on Fridays but maybe after they see GDP and Mich Sentiment. Despite some minor fireworks on Thursday, we’re not expecting them to continue on Friday and expect a congestive day.


Read More

Trade didn’t like the FOMC news

FOR THURSDAY: (7/27) The trade didn’t like the FOMC news on the balance sheet and the dollar is sharply lower from it and T-notes rallies strong and stocks still have a ways to go to the upside and metals have like the news. Stocks are often up overnight after FOMC and sometimes brief profit-taking comes…


Read More

Minor bias toward stocks weakness on Monday

FOR MONDAY: (7/24) Lately the trade has 3-day weeks in the summer with Fridays and Mondays, being a virtual summer holiday. The Monday before FOMC can be volatile and have a big range of profit-taking on stocks and we do have a minor bias toward weakness on Monday if there’s anyone not at the beach.


Read More

No reports on Friday so it may be a doggy day

FOR FRIDAY: (7/21) Lately the trade has 3-day weeks in the summer with Fridays and Mondays, being a virtual summer holiday. No reports on Friday so it may be a doggy day. The Monday before FOMC can be volatile and have a big range of profit-taking and the stocks are getting tired going into next…


Read More

Cycles looking friendly for Thursday

FOR THURSDAY: (7/20) Trade waiting on ECB for Thursday and then to FOMC for July 26. Markets will get more sluggish as we get closer to these next fulcrum points. Still nice and slow steady trading in places. Cycles are looking friendly for Thursday and remain bid for stocks going into the weekend.


Read More

Trade waiting on ECB onThursday

FOR WEDNESDAY: (7/19) Trade waiting on ECB for Thursday and then to FOMC for July 26. Markets will get more sluggish as we get closer to these next fulcrum points. Still nice and slow steady trading in places.


Read More

Cycles very volatile amid thin volume

FOR TUESDAY: (7/18) Not expecting a lot of action this week. Reports are not that significant and summer vacations dominate. We’ll continue to go with short dollars and long gold over the next week. Cycles are very volatile and any surprises overnight could be exaggerated in thin volume.


Read More

Summer Mondays can have tight ranges

FOR MONDAY: (7/17) Summer Mondays can just have tight ranges. Cycles are unusually volatile into Tuesday. We’re concerned about the earthquakes at Yellowstone turning into a large volcanic eruption and there’s one cycle that could cause something in the next few days. It would be a monumental event bigger than Mt. St. Helens. It’s definitely…


Read More

Willing to sell gold

FOR FRIDAY: (7/14) Not expecting much with a summer Friday where everyone has left for the beach early and then they come back later on Monday. Willing to be short gold but not seeing much else for Friday. OVERALL: More Yellen testimony and the 2nd day does not mean much. World stocks remain friendly and…


Read More

Energy still expansive for stocks

FOR THURSDAY: (7/13) Energy is still expansive for stocks and bad news out of Washington doesn’t seem to rattle the market, as greed knows no bounds. Still room to buy T-notes and sell metals with next key target into July 18. We still would like to see lower pattern come in on the dollar to…


Read More