Favoring lower dollars, higher gold into Friday

FOR WEDNESDAY: (11/1) We have a low-confidence read on the FOMC announcement and reaction. It seems that most of the time the pundits are wrong about these things anyway so you usually can fade the news. At the moment, we have a bias toward lower dollars and higher gold into Friday and lower T-notes into…


Read More

Choppy week ahead?

FOR TUESDAY: (10/31) End of the month profit-taking may give us a chance to buy from better levels. We do have a sense that the market may have trouble going up much this week. Employment report and FOMC week can be choppy and there are always surprises so we have to trade lightly. DEC. E-MINI…


Read More

Stocks might crawl slightly higher

FOR MONDAY: (10/23) Despite S & P cycles that look very weak early next week, the other markets suggest that stocks might crawl slightly higher before doing a 30-point pullback. Those looking for crashes will continue to be disappointed this year and at best a 300-point S & P pullback from 2600-2300 might be possible…


Read More

New highs on SP Friday?

FOR FRIDAY: (10/20) Pre-weekend jitters again may create sideways markets with a lot of release due Sunday/Monday. If stocks do not do much to the upside on Friday, they could make new lows on Monday/Tuesday but we are inclined to expect new highs on SP on Friday as the bargain-hunters are back in and greed is…


Read More

Temporary completion at 2562 on the S & P

FOR THURSDAY: (10/19) Chances are nothing will happen with N. Korea but it’s still pretty dicey and Thursday offers some chance for volatility. We’re trading off of patterns and they have a temporary completion at 2562 on the S & P. Gold and silver issued a major sell signal and crude hold up until Oct….


Read More

Gold and silver issued a major sell signal

FOR WEDNESDAY: (10/18) Chances are nothing will happen with N. Korea but it’s still pretty dicey and Wednesday/Thursday offer some chance for volatility. We’re trading off of pattern and minor cycles for stocks. Gold and silver issued a major sell signal and crude may hold up until Oct. 22.


Read More

Bias toward higher dollars until Wednesday

FOR TUESDAY: (10/17) The news that Jack Taylor might be the next Fed chairman upset the dollar, bond and gold markets near the close took away some of our profits. We have a bias toward higher dollars now until Wednesday and lower metals in general and except for another Communist Celebration day for North Korea…


Read More

Cycles get more intense the next few weeks

FOR MONDAY: (10/16) Stock market is tiring and there are a number of larger cycle changes that started Friday that will continue into the coming weeks that may give this market pause to go much higher. We’re not into top-picking stocks but will be alert. Not sure people want to go home long again before…


Read More

Stock market is tiring

FOR FRIDAY: (10/13) Stock market is tiring and there are a number of larger cycle changes happening starting Friday and into the coming weeks that may give this market pause to go much higher. We’re not into top-picking stocks but will be alert. Not sure people want to go home long again before North Korea…


Read More

Focus on cycle lows into Monday for the dollar

FOR THURSDAY: (10/12) Latest projection on N. Korea missile launches is Oct. 18 in celebration of a Communist Party event. That may give another week breather in the tensions. Still need some dire headline if the funds are to give up on their greed for stocks but still waiting for slightly higher numbers—but they don’t…


Read More