New crosscurrents in play

FOR TUESDAY: (2/28) There are some new crosscurrents happening. Everyone is waiting on Trump, who is saying another 56 billion for defense and more talk coming soon on health care and infrastructure and a delay in a tax proposal. Still, the man of surprises is likely to surprise on Tuesday night and we’ll continue to…


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Markets awaiting Trump’s address to Congress on Tuesday

(2/27) Will the trade wait for Trump’s address to Congress on Tuesday to blast off again? There’s enough of a chance for a weird events on Sunday night or early Monday that we’ve gone home with only a few positions. We wonder if the dam in CA has a chance of breaking over the weekend….


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Better not to take anything home over the weekend

(2/24) Will the trade wait for Trump’s address to Congress on Monday to blast off again? There is enough of a chance for a weird event on Sunday night or early Monday that it probably doesn’t make a lot of sense to take anything home over the weekend. Earthquake and volcanic cycles are very strong…


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Bullish energy for risk-taking peaks into early next week

(2/23) Will the trade wait for Trump’s joint address to Congress on Monday to blast off again? That may be the case. Bullish energy for risk-taking peaks into early next week and the market should be close to topping action for US stocks then. For now the market keeps buying pullbacks.


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Volatile cycles next few days

(2/22) FOMC minutes is the big report on Wednesday and not sure the market cares too much about it or a hawkish bent. Cycles are a bit more volatile the next few days so we’ll have to see what manifests; the weekend congestion should be over and followed by new movement.


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S & P projects 2354 on futures

(2/21) Not much to add to our Friday night update. Most patterns are on schedule. We hate three-day weekends because by Tuesday morning, whatever has happened over the weekend usually gets faded and you have to be ready to take profits and go the other way. We’re clear enough about larger patterns and trends to…


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Most patterns on schedule

(2/19-20) With Europe and Asia open, market could still be pretty active by the Monday open. Most patterns are on schedule. We hate three-day weekends because by Tuesday morning, whatever has happened over the weekend usually gets faded and you have to be ready to take profits and go the other way. We’re clear enough…


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Some signs of reversal energy for dollar, metals

(2/16) Some signs of reversal energy for dollar and metals but the S & P is going to the moon and crude continues to congest and drive us crazy. Lots of news on Thursday but then pre-weekend paralysis will set in on Friday.


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Stocks show no signs of giving it up

(2/15) Stocks show no signs of giving it up and NQ patterns should keep us out of trouble and still need more upside. If the market can’t fall apart overnight, we may take partial profits on S&P shorts, as top-picking doesn’t work when you are fighting investment bankers. Dollar looks like it needs the slight…


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FINANCIAL OVERVIEW FOR FEB. 13TH

FOR MONDAY: (2/13) No reports today.  Lately Mondays have been sloppy and sideways but cannot fight the trend in place with stocks which seem as if they want to go higher.  We do have a cluster of turning points for Sunday/Monday with at least a 2 week trend into Feb. 28th.   We are likely to…


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