Not expecting any major reversals on Friday

FOR FRIDAY: (1/27) Cycles look more volatile with profit-taking setting in for Friday overall but not expecting any major reversals or seeing any reason to change our long stock/short gold/long dollar orientation. Lots of reports but not sure they’ll tell us much as what do old reports mean when you have all this Trump hope.


Read More

Breakout move on stocks should not be top-picked

FOR THURSDAY: (1/26) Breakout move on stocks should not be top-picked. Should run out of steam by Friday or Monday and then congest before another push up. Cycles are still supportive into the week of Feb. 6 but we’ll watch patterns, and a double-top before considering shorts. Dollar could still go lower and gold still…


Read More

S&P patterns suggest two new highs to 2330 into early February

FOR WEDNESDAY: (1/25) The Infrastructure Bill that Democrats are dangling in front of Trump has everyone thinking raw materials and industry will benefit. Still a long way away before that passes. In the end, it’s a step in the right direction instead of spending money on useless wars to overthrow regimes and advance the military…


Read More

Looking to sell gold on rallies

FOR MONDAY: (1/23) We expect lower action with stocks on Monday from potential unrest from DC and weak cycles. We want to sell gold on rallies and stay short on oil. Dollar is still in transition but should resolve back to upside eventually.


Read More

Cycles not that bearish on Friday

FOR FRIDAY: (1/20) Our sense is that Trump will get inaugurated and that if there‘s violence it will be more likely on Saturday during the marches. Still, protest is not new to inaugurations and we have seen it with Bush and a few others. Cycles are not that bearish on Friday but we’re open to…


Read More

Trump inauguration should provide more excitement

FOR THURSDAY: (1/19) ECB is usually a big market mover so maybe the market will finally get jerked out of congestion. If not, the Trump inauguration should provide more excitement. Cycles are more jittery in general for the world over the next 2-3 weeks and any bad surprises anywhere are more likely to create a…


Read More

Trump’s dollar comments aren’t a deal killer

FOR WEDNESDAY: (1/18) Lots of Yellen and Fed Gov. talks this week and they shouldn’t mean much but the chance of a March rate hike will probably push notes lower very soon. Draghi speaks at Davos but not much there either. Trump will get inaugurated and the issue will be how bad will the rioting…


Read More

Running out of time for new highs for stocks

FOR FRIDAY: (1/13) Banking stocks earnings will be a focus. Cycles look weak and we’re very open to selling stocks on Friday and holding into Sunday. Will the trade be selling before inauguration waiting on riots in DC? Running out of time for new highs for stocks. Dollar close to key 3-wave pullback at 100.44…


Read More

Favoring higher stocks, topping T-notes, lower gold

FOR THURSDAY: (1/12) Not totally following the logic of the dollar on Wednesday and cycles are volatile still for the greenback on Thursday. We have a bias toward higher stocks, topping T-notes and lower gold and higher crude but volatility is a bit crazy and not likely to let up.


Read More

FOR WEDNESDAY: (1/11) Trump press conference may create new optimism based on some of the cycles running and seems safer to buy dips on the stock market overnight and on Wednesday. Gold needs a 3-day pullback and the dollar looks higher a few days and T-notes also. Oil has a transition day on Wednesday and…


Read More