Lots of surprises Tuesday; stocks teetering

FOR WEDNESDAY: (11/15) Lots of surprises in the markets and a lot of gyrations about hopes and fears around the tax bill impacting the dollar and other markets. Will have to see what develops overnight but usually a market in motion stays in motion, and that may mean we’re wrong about the dollar and the…


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US has a difficult cycle Nov. 15-Dec. 14

FOR MONDAY: (11/13) Not seeing a volatile weekend in the world but we do have concerns around the Middle East, and anger and aggression cycles increase Nov. 14-19. Still, there are enough factors that peace should still dominate. The US has a difficult cycle Nov. 15-Dec. 14, and that may create frustration around the tax…


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Stocks confirm a temporary top

FOR FRIDAY: (11/10) Still not a lot of news but tensions in the Middle East will make taking positions home harder. Stocks fell enough to confirm a temporary top but not confirmed on a closing basis, as the computers bought it back into the close. We do see a number of shifts over the weekend…


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Key cycle Friday for many markets

FOR THURSDAY: (11/9) Still a really quiet week on the news front. Key cycle is Friday for many markets so not in a rush to get into major trend changes until Monday. Will assume that gold will hold up. Open to a congestive pullback for stocks for a few days but that seems like a…


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S&P has a chance for divergent high on Wednesday

FOR WEDNESDAY: (11/8) We have a low-confidence read on the week, with a key cycle into Thursday/Friday suggesting a low for stocks, a high for notes, a low for the dollar and a high for gold and higher prices for crude. We’ll give stocks a chance on Wednesday for a divergent high. No major reports…


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Key cycle into Thursday/Friday

FOR TUESDAY: (11/7) We have a low-confidence read on the week, with a key cycle into Thursday/Friday suggesting a low for stocks, a high for notes, a low for the dollar and a high for gold and higher prices for crude. These markets are overdone from last week so gold retracing to 1290 and the…


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Cycles are mostly positive on Monday

FOR MONDAY: (11/6) Cycles are positive mostly on Monday and the worst of the general cycles that we have gone through are ending over the weekend. That may give bulls a renewed reason to buy stocks. We have a low confidence read on the week but we have completed research on cycles and patterns into…


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Climax day with employment report

FOR FRIDAY: (11/3) Climax day with employment report. Cycles have a lot of speculative energy so we should see big moves. Dollar would be more complete to the upside to 9556 but not sure we will get it for the ideal short into next week. Gold ideal projection for a short is at 1295-8. NQ…


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Markets should start retracing on Friday

FOR THURSDAY: (11/2) This has been a doggy week and Wednesday’s FOMC action was the least volatile I can remember in 20 years. Trade waiting on employment report but markets are a bit stretched out and should start retracing on Friday. DEC. E-MINI S & P 500 TRADING RECOMMENDATION: Wait for morning comments. S &…


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