Expect volatile post-BOJ trade

FOR FRIDAY: (7/29) Trade waiting on the Bank of Japan data and if you’re a night owl, you may be able to take advantage of it. We also have month-end profit-taking coming and rollover for August gold happening. Not sure GDP will mean that much in the morning. Projecting 1385 on gold’s current move higher…


Read More

Market over-reacts to FOMC

FOR THURSDAY: (7/28) Slightly hawkish statement led to typically illogical unraveling. Trade now waiting on the Bank of Japan on Friday and the daily rumors and retractions there are creating huge moves over there. China also unraveled badly last night and that isn’t a good sign. Failure of the S & P to make new…


Read More

Brace for FOMC surprises

FOR WEDNESDAY: (7/27) S & P up overnight as they are buying APPLE. FOMC days are often filled with surprises, and some cycles suggest as much for Wednesday. Given recent Fed Governor testimony, it’s hard to imagine anything hawkish. We do have Bank of Japan on Friday and another surprise and volatile cycle looming there….


Read More

Gold and silver may bottom by Wednesday

FOR TUESDAY: (7/26) Markets are usually pretty dull before FOMC but they do often run up the S & P early and we’re probably open to buying on Tuesday for such an event. Crude should continue lower into the end of the week and that gold and silver may bottom by Wednesday.


Read More

Stocks mostly higher next week

FOR MONDAY: (7/25) Mondays in the summer have been doggy and we’re moving toward FOMC on Wednesday. Still, stocks often fall the Monday before FOMC and then are a buy going into a probable dovish announcement. Cycles for Wednesday suggest a surprise announcement, which at this point might be more hawkish than expected but we’ll…


Read More

Pre-FOMC congestion ahead

FOR FRIDAY: (7/22) Fridays in the summer have been doggy with long holiday weekends and that often spills into Monday, making the dog days of summer. Pre-FOMC congestion will also now start before next Wednesday’s meeting and they will create muted ranges. Temperatures are running high across the US with a heat dome and let’s…


Read More

Sell the fact on ECB announcement?

FOR THURSDAY: (7/21) Trade waiting on Thursday’s ECB and it can cause volatile spikes all over the place on Thursday. It seems that funds are positioning for ECB already, which means that we will get buy and sell the fact reactions probably on Thursday. We’re going to stay positioned but ideally may take profits on…


Read More

Thursday’s ECB looms large

FOR WEDNESDAY: (7/20) Trade waiting on Thursday’s ECB and it can cause volatile spikes all over the place then but may be very quiet again on Wednesday. We’re going to stay positioned but ideally may take profits on the Euro before the announcement.


Read More

Weaker metals and crude ahead

FOR TUESDAY: (7/19) Failed Turkey coup rebound was easy to predict but summer trading was so muted not sure we learned much. Usually by Tuesdays the trade is back from long holidays and ready to re-position so let’s see if volume picks up and confirms weaker metals this week and weaker crude over the next…


Read More

Cycles optimistic for Monday

FOR MONDAY: (7/18) Cycles are a bit more optimistic for Monday for a bounce for stocks but still think some downward congestive action could dominate for a few days. With the background noise changing with French terrorism, we can give the dollar a better chance to reach higher but we still want to sell gold…


Read More