Metals getting hit by the deflation cycle

FOR MONDAY: (9/12) Finally breaking out of the doldrums as stocks had their biggest move in 7 months and it is all too welcome. We are thinking another flourish to the downside and then recovering the rest of the week for a sucker punch and then lower into FOMC. Crude will be a sale on…


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Stocks a clear sale on rallies

FOR FRIDAY: (9/9) Not a lot of reports scheduled for Friday. Big event is rollover to Dec. currencies and stock indices and that always creates some juggling and profit-taking. Metals and currencies continue to trade rather erratically. Stocks continue to be a clear sale on rallies for at least one more day.


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Tread carefully on ECB day

FOR THURSDAY: (9/8) ECB D-Day. It’s not expected to be a big deal but somehow Draghi says something in inflammatory and the computer ALGOS go into overdrive more than employment and FOMC days. If you’re not positioned properly, you can get killed. We will trade lightly from key numbers and pattern completions and wait for…


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More choppiness ahead

FOR WEDNESDAY: (9/7) ISM services was the worst since 2010 and computer ALGOS dumped the dollar and took pressure off of the hawks. Expect some Fed Governors to set it right again so as to continue to chop us to death. Breakout on gold is very real but have to buy pullbacks and then gamble…


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Not seeing too many set-ups unless key numbers come in on Sunday

FOR MONDAY: (9/5) Three-day weekends are hard to trade. We have a bias with certain patterns and cycles going into the weekend but always are concerned about bizarre news over these long weekends. Not seeing too many set-ups unless key numbers come in on Sunday for buys in notes. We will put out a Monday…


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Thin, pre-holiday conditions ahead

FOR FRIDAY: (9/2) Another employment report day with no one there as the everyone heads out of town or will do so by 9:30 am Central time. The problem with these Friday reports is that you get the news, the head-fake and then the weekend profit-taking and it’s almost not worth playing unless you can…


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Higher dollars, lower Notes on Friday

FOR THURSDAY: (9/1) Markets waiting for employment numbers and people will start heading for the exits soon before the long holiday weekend. Not sure first of the month fund buying will mean much before employment and long weekends. Cycles and patterns suggest higher dollars and lower notes on Friday and lower gold and lower crude…


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Gold close to a major breakdown

FOR WEDNESDAY: (8/31) Markets waiting for employment numbers and people will start heading for the exits soon before the long holiday weekend. Dollar remains strong and Stanley Fischer seems like he wants to keep it that way by getting rid of talk of one and done. Gold is close to a major breakdown and we’re…


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Stocks, gold, crude turning lower

FOR TUESDAY: (8/30) There is a cycle that often causes changes of trend for markets on Tuesday. We think some of the movement on Monday was just retracing Friday’s craziness, and gold and stocks should turn lower again and also crude. Dollar cycles point higher, and that may be the case if we are right…


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Treacherous week ahead

FOR MONDAY: (8/29) There was really nothing in Yellen’s speech to cause that much volatility but nothing has happened for 2 weeks and the markets unwound and bet on a sooner rate hike. Next week we have volatile action before the employment report. We’re crunching cycles for Sept. and are more bearish stocks and T-notes…


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