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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Friday may be a quiet day

FOR FRIDAY: (2/10) May be a quiet day. We’re open to continued optimism into Sunday night and perhaps bleeding into Monday but sometime early next week, we do expect trend reversals for the dollar and stocks and bonds and gold for at least 3 weeks.


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Stocks still look higher for a few days

FOR THURSDAY: (2/9) Stocks still look higher for a few days for a divergent cycle high and there’s no reason to top-pick. The dollar also looks higher although not thrilled with the late break today. There’s a cluster of cycles over the weekend that might finally create a temporary cycle high for stocks and the…


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Erratic cycles on Tuesday

Cycles are likely to be more erratic on Tuesday and the market is already behaving strangely with new anxiety with Europe, Italy and Greece and France. We have to go with our original forecast for the week but some markets are a bit out of sync. Chalking it up for a typical post weekend hangover…


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Favoring short gold, long dollars next week

FOR MONDAY: (2/6) Hard to take too much home over the weekend given wild tweets from Trump, saber-rattling with Iran and China back on the offensive raising interest rates. We still feel good about short gold next week and long dollars but don’t expect any easy trading in Feb and the wheels will start coming…


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Higher dollars, lower gold into at least Sunday

FOR FRIDAY: (2/3) Another employment report day. The dollar is bid with a great number expected but will Amazon earnings disappoint the party? We have a bias toward higher dollars and lower gold into at least Sunday with a bounce Monday and then generally prices for gold into Feb. 11. That would suggest a larger…


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Day after FOMC is often down

FOR THURSDAY: (2/2) Trade waiting on employment numbers on Friday. The day after FOMC is more often down for stocks so sideways to lower is possible, although any good news would be exaggerated to the upside by strong cycles. Will exit short dollars on Thursday if the market cannot fall apart overnight.


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Markets overdone going into FOMC announcement

FOR WEDNESDAY: (2/1) Presidential whiplash is not going to make trading easy  for weeks or months. A tweet here, an executive order there and a counter coup defiant stand over there are making the news fun to watch again. When it starts happening with North Korea and China, we had better get our helmets. Currencies…


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