Weak cycles for stocks

FOR WEDNESDAY: (3/29) Some markets are looking like they’re reversing but key numbers we discussed on Monday night have come in and now the weak cycles for stocks have to kick in the next few days to support all the positions we anticipate. We’ll wait for the morning to take new position. If we get…


Read More

Gold may have a last buy setting up

FOR TUESDAY: (3/28) Continued 2-day retracement likely for all overdone markets and then new thrusts into Wednesday/Thursday. S & P patterns are fairly clear as are T-notes. We still like the short side of crude if we see a big enough bounce. Gold may have a last buy setting up but minimum target is in.


Read More

Markets very volatile for the next few sessions

(3/27) With health care bill dead for now and perhaps moving to the Wall and border issue next, will the trade just ignore the failure? Cycles for stocks are still pretty weak next week and probably the following week so our guess is that things will get unnerved. Still, with just slight new pattern completions…


Read More

Stocks may complete downward patterns

FOR FRIDAY: (3/24) No Health Care vote until at least Monday will at least save our weekend and anxiety levels but stocks may complete downward patterns anyway and the latest version of the bill has gotten worse and taken out some of the bill’s good previsions. The existential dilemma is that these events create horrible…


Read More

NQ has already had a sucker punch bounce

(3/23) Not sure when a final vote will come in on Health Care but these things tend to drag out and thinking the market may sell first and ask questions later. NQ has already had a sucker punch bounce which makes me think that those late to the party may be disappointed. We’re going to…


Read More

NQ looks like done at 5309 and SP at 2332-34

(3/22) We’ve seen too many bear traps to chase shorts. NQ looks like it would be done at 5309 and SP at 2332-34, and those were old targets that we just gave up. Only seasonal weakness has us thinking something bigger could happen but news isn’t really there although overbought conditions are. Dollar looks a…


Read More

Cycles still suggest recovering dollar, lower metals

(3/21) Not a lot of news this week and Fedspeak may dominate headlines with Yellen on Thursday but what can she really say after raising rates? Cycles still suggest a recovering dollar and lower metals this week and we’re working on getting set up for that scenario but are patient for patterns and key numbers…


Read More

Weaker dollars, higher metals, lower stocks

(3/20) We looked at cycles for Sunday and they seem more negative than positive overall if people want to be selling. That might mean weaker dollars and higher metals and lower stocks from what we could tell. Cycles turn more positive after 9 am on Monday so whatever negative impact comes, it could be retraced…


Read More

Dollar low/gold high into Friday

(3/16) We had been looking for a dollar low into Friday and a metals high and we should get it, and then next week looks sharply higher for dollar and lower for metals and lower for stocks. We’re not clear on T-note patterns and cycles for now and will leave them alone.


Read More

FOMC surprise?

FOR WEDNESDAY: (3/15) No change from this morning. Everything centers around Wednesday with the Dutch election, the FOMC rate hike (no biggie), the debt ceiling expiration and five other reports. Should be interesting. For now we can get positioned in the direction we expect things to go but these markets are always full of surprises….


Read More