New highs on NQ suggest no deeper break

FOR FRIDAY: (6/15) We didn’t get dramatic reversals like we had expected except for the dollar and the euro, and new highs on NQ don’t bode well for this market. If China tariffs aren’t as bad as expected, the market could celebrate and do what it does best and buy Netflix and Amazon.


Read More

Cycles turn more volatile Thursday afternoon

FOR THURSDAY: (6/14) Cycles turn more volatile on Thursday afternoon and thinking a cycle low into Monday for stocks. ECB craziness is often worse than FOMC craziness so we’re a bit gun shy and have to focus on key patterns and numbers and cycles. We have gold lower for a few days, which means that…


Read More

Cycles firm Wednesday, volatile Thursday

FOR WEDNESDAY: (6/13) We looked closely at cycles on Wednesday and they seem firm and then more volatile on Thursday. New continuation highs on NQ should bring SP up so not expecting anything wild to the downside, and the divergent high seems likely. Other markets were too congestive to give us too many clues. While…


Read More

Divergent high on stocks should finally lead to something bigger

FOR TUESDAY: (6/12) The Trump meeting is 9 am Singapore time so we will get the drift of it tonight in the evening news. The bigger events are a Brexit vote on Tuesday and waiting for FOMC on Wednesday, but probably ECB on Thursday will have the most impact on the week. We do expect…


Read More

Expecting congestive, messy action ahead of FOMC, ECB

FOR MONDAY: (6/11) The G-7 meeting in Canada runs over the weekend with fireworks expected, and we’ll see how markets are impacted. They may wait until Sunday to explode one way or the other. Hard to imagine Trump backing down but is that positive or negative for the dollar? Stocks cycles do point lower from…


Read More

G-7 fireworks expected

FOR FRIDAY: (6/8) The G-7 meeting in Canada runs Friday and Saturday with fireworks expected, and we’ll see how markets are impacted. They may wait until Sunday to explode one way or the other. Hard to imagine Trump backing down but is that positive or negative for the dollar? We have currency rollovers and stock…


Read More

NQ divergent high approaching

FOR THURSDAY: (6/7) Stocks cycles are running out of time and energy. Often, the market will top out the first few weeks of June. Divergent high for NQ the next few days should be the beginning of the end for the summer so bears should start to salivate. For now, the bulls will stay in…


Read More

Positive stock cycles tiring

FOR WEDNESDAY: (6/6) Stocks cycles are running out of time and energy. Often, the market will top out the first few weeks of June. Divergent high for NQ the next few days should be the beginning of the end for the summer so bears should start to salivate. For now, the bulls will stay in…


Read More

Minor pullback for stocks

FOR TUESDAY: (6/5) Overbought conditions could lead to a minor pullback for stocks. The dollar is also due for a bounce; bonds are at key support, and a 1-day bounce would be helpful. Not sure anything that happens on Tuesday will mean much except redressing oversold conditions.


Read More

Dollar looks lower into Friday

FOR FRIDAY: (6/1) Trade waiting on employment report. Stocks look friendly into at least June 7; the dollar looks lower into Friday and gold higher and crude higher for Friday. T-notes look lower into next week. Always surprises with these reports so it’s always difficult to get too exposed before a report. We’re starting to…


Read More