Stocks could hold up one more day

FOR WEDNESDAY: (8/10) Stocks could hold up one more day and patterns to the downside may not be done for metals until Monday. The most bullish pattern would allow at least S & P 2140 and then new highs while we have been targeting at least 2100 into August 19. Big picture for gold still…


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S & P has not issued a sell signal

FOR TUESDAY: (8/9) S & P has not issued a sell signal and these topping patterns can stretch out more. Thursday/Friday seems like there will be a larger chance for a break and Wednesday doesn’t look great either. Still willing to sell silver and gold and crude is a buy now on the breakout. Dollar…


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Employment report a game-changer?

FOR MONDAY: (8/8) Was the employment report a game changer? Too early to tell. While some profit-taking will set in on Monday from overdone conditions, we may not know right away–and if no breakdowns/breakouts happen, we have to stay open for pattern completion on many of the markets rather than getting stuck with a key…


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Stocks likely to hold up on Friday

FOR FRIDAY: (8/5) Another employment report day. We have a bias for stocks holding up but any surprise news might change the verdict, as cycles look like they will weaken next week. Battling computer ALGOS is often tricky so we’ll have to go with pattern and looking closely  at cycles into Sunday.


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Employment report breaks excessive

FOR THURSDAY: (8/4) While we got into a number of positions on Wednesday, it was more for positioning for the bigger picture. Bounces are all bigger than we like and that leaves us vulnerable and having to position trade through chaos on Friday with big stops. We’re going to retreat as much as we can…


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Wednesday best day for stocks to fall

FOR WEDNESDAY: (8/3) Best day for stocks to fall is Wednesday as they congest into employment numbers on Friday. Dollar may finally find support also. Crude still in trouble until Friday. If the S & P stays above 2133, it still may be a minor 4th wave matching the July 5-6 fall and be followed…


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Position trades challenging this week

FOR TUESDAY: (8/2) Employment report week is often congestive so it‘s rarely a good idea to chase markets that are overdone to the upside like gold and silver–and stocks, for that matter. Usually this week lends itself to a lot of quick trades and we’ll look for some in the morning. Getting away with position…


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Huge complex of cycles peaks into Sunday night/Monday

FOR MONDAY: (8/1) A huge complex of cycles peaks into Sunday night and Monday. We find that stocks often rally the first day of the month and then pullback 30-40 S & P points and congest before the employment report. Currencies are very overdone and hard to chase but overall the dollar looks weaker until…


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