Market volatility is up

FOR THURSDAY: (11/30) Month-end profit-taking could hit on Thursday and market volatility is up and bubbles are bursting even with Bitcoin. Still, energy may remain optimistic overnight and could bleed into Thursday if they like progress on the tax bill. We can’t count on bubble bursting energy and even NQ’s free fall today was a…


Read More

Will North Korea’s missile test upset the bull?

FOR WEDNESDAY: (11/29) Will North Korea’s latest missile test upset the bull? Sometimes for 1-2 days but usually not more. The peak of a speculative bubble cycle is due by Sunday and that may mean that stocks and Bitcoin finally take a rest after that and bank profits before Christmas. Upper targets for stocks that…


Read More

Volume usually increases on Tuesday

FOR TUESDAY: (11/28) Mondays often have to be discounted as a throw away day and volume usually increases on Tuesday. The week of employment report is often congestive and we’re still dealing with month-end position squaring into Thursday. Congress will recess on Dec. 14-15 and the thought is that they will do a stop-gap extension…


Read More

Expecting topping action on S & P by Monday

FOR MONDAY: (11/27) Thin holiday trading can be exaggerated. Expecting topping action on S & P by Monday, as cycles turn negative later into the week. Dollar move not a panic sell unless it closes below 9295. Will have to confirm cycle highs on the dollar for Dec. 10. Gold cycles are weak this week….


Read More

Dollar move not a panic sell

FOR THURSDAY/FRIDAY: (11/24) Thin holiday trading can be exaggerated and we’re only interested in buying T-notes if we can get in tonight. Dollar move not a panic sell unless it closes below 9295. Will have to confirm cycle highs on the dollar for Dec. 10.


Read More

Will favor the larger patterns

FOR WEDNESDAY: (11/22) Will anyone be home and trading? Always worried about thin holiday conditions which make stop placement precarious. We will go with the larger patterns and see if we can survive crazy holiday conditions. Usually we find that patterns get completed after the long weekend if we are patient but if we see…


Read More

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…


Read More

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…


Read More

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…


Read More

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.


Read More