Stocks look higher; dollar, metals, oil lower lower

FOR TUESDAY: (7/11) Trade waiting on Yellen testimony on Wednesday but not expecting much shocking news. Stocks look higher and metals lower and oil lower and dollar lower a few days in congestive downward action.

SEPT. E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.

S&P ANALYSIS FOR TUESDAY: (7/11)The most likely movement up this week is toward at least 2440 if not 2450 in the more bullish case. S & P couldn’t get through 2430 and will probably hold 2420 overnight. Market may be higher overnight and sideway on Tuesday. Still we have a bias toward higher and slosh prices.

WEEKLY CHART: We ran cycles through August and they are mixed. We are not thinking that the market will fall apart dramatically in July, but we doubt that there’s enough time and room for 2520 to come in this summer before things get complicated August-October. The market does seem like it will hold up into July 5, retrace into mid-July and probably hold up into July 25. Seeing lots of congestive action and it may not fall apart until after August 5.

CYCLES OVERVIEW: Bottoming/recovering Tuesday; sideways to lower Wednesday; higher Thursday; sideways Friday.

Sunday could be explosive with a key cycles hitting

FOR MONDAY: (7/10) Could be an explosive Sunday with a key cycles hitting. Could trigger earthquake activity or just fall-out from G-20 as not sure Trump will hold his tongue well with Merkel and others by the time the weekend is over. Still, stock market setting up another sucker punch to the upside but maybe not too much.Continue reading

Seeing higher bonds, lower gold Friday

(7/7) Employment report is always one of the more volatile events of the month and the surprise may be higher than expected based on positive dollar cycles and yet stocks look lower. Seeing higher bonds and lower gold on Friday.Continue reading

Stocks cycles look lower

FOR THURSDAY: (7/6) Trade waiting on the employment report on Friday. Cycles for stocks look lower and higher for the dollar and higher for T-notes and lower for gold. We need to position ourselves if we are going to take a stand into the report.Continue reading

Stocks look higher on Tuesday/Wednesday

FOR WEDNESDAY: (7/5) Post-holiday volatility is always a bit crazy and even if we have idea of what’s going to happen we often have to let the dust settle with surprises. Stocks look higher on Tuesday/Wednesday but then lower into the employment report. Gold may have a 1-day bounce but in trouble the rest of the week and the dollar looks higher into Friday before the G-10 meeting.

NOTE: The new issue of Financial Visions into the future Summer Sneak Preview issue is out with a special long-term article and what we see for the world economy going into a crisis period into 2019-2020. Summer sale subscription available for 395.00 for 1 year with special price until July 5.Continue reading

GDP will highlight action on Thursday

FOR THURSDAY: (6/29) GDP will highlight action on Thursday but then we’re winding down into a window where people will disappear going into a long holiday weekend even if July 4th is next Tuesday. Some financial markets close early on Thursday so check with your broker.Continue reading

Stocks should come back to life

FOR WEDNESDAY: (6/28) Cycles are very volatile the next few days and could produce V-top and bottom reversals with strong movement and you can get a glimpse of how energized the markets were from Tuesday and hit will continue a few more days so be careful. We do think that the markets will retrace Tuesday’s movements so stocks should come back to life and probably in a big way. Dollar is due for a bounce and gold and silver look lower a few days now and probably into Sunday.Continue reading

Stocks may open lower

FOR TUESDAY: (6/27) Stocks may open lower based on NQ patterns and projections but still look like they will come back into Thursday. Gold and silver completed key patterns earlier than we expected but may retest them and those markets aren’t done until later in July. Dollar could come still off another day.Continue reading

Lows for the dollar this week

(6/26) At publication on Saturday, there doesn’t seem to be enough earth-shattering movement to take stocks sharply lower and some positive cycles for stocks kick in the next few weeks, which means that business is happening as usual. There’s a cycle for stocks that usually creates aggressive buy-out bids or takeovers so we wonder if something bigger than Amazon/Whole Foods will happen this week. Meanwhile, approaching summer doldrums and seeing lows for the dollar this week and a recovery next week and oil still in trouble for a few more days.Continue reading

Volatile cycle may be felt more on Sunday

FOR FRIDAY: (6/23) Thinking that summer doldrums are hitting and that the market may crawl into the weekend. There is a volatile cycle but it may be felt more on Sunday. For now, markets are tiring but still some room for movement for lower gold and silver and a few other markets.Continue reading