Cycles volatile for Wednesday

FOR WEDNESDAY: (5/9) Cycles are volatile for Wednesday so we don’t sense an easy trade for crude or stocks but they may stabilize later in the week. The press is confused about the terms of pulling out of the Iran deal and they are rather complicated but Iran still wants to negotiate with the other…


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Stocks still seem higher on Tuesday

FOR TUESDAY (5/8) The Iran decision is due at 2 pm Eastern Time. The surprise would be to go for it rather than upset the apple cart, and crude has been pricing in the return to sanctions. Stocks still seem higher on Tuesday and patterns suggest the need for at least 2701-05 on the S…


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Next week looks friendly for stocks

FOR MONDAY (5/7) San Francisco Fed’s John Williams says “comfortable overshooting 2% inflation for a while” and stocks are green for the week and the biggest short squeeze since Brexit hits the market. We had a low due by Monday but thought the market might be down all day. Next week looks friendly for stocks…


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Thinking a secondary low for Friday

FOR FRIDAY (5/4) We were reluctant to chase stocks because a bounce was inevitable given the way news Algos work. White House Economist Mark Calabria commented after the first day of trade discussions in China that he was “optimistic” and that US has “discreetly” given China a list of asks and that the day ended…


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Current pattern projects S&P 2602

FOR THURSDAY (5/3) Often a weak close for stocks after an FOMC day will be followed by a a sell-off in Euro and Asia, and if you trade overnight, there is reason to sell. We should have a swing high for gold into Monday/Tuesday, a swing low for the dollar, and a recovery high for…


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Cycles suggest negative FOMC reaction

FOR WEDNESDAY: (5/2) Another FOMC day. Our cycle work suggests a negative reaction but always a gamble and often full of surprises. Markets that are overdone could have a buy-the- fact or sell-the-fact reaction, as is the case with the dollar and gold. We’ll consider new strategies in the morning.


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Market was weaker than expected

FOR TUESDAY: (5/1) We’re continuing toward pre-FOMC position squaring. A lot of mixed signals for stock market on Monday but if it does recover, it seems like a sale on the week if we get a good set-up and confirmation. May not have many good trades and then if we do put something on, we…


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Mixed signals for stock market on Monday

FOR MONDAY: (4/30) We’re moving toward pre-FOMC position squaring and congestion, and then we also have month-end profit-taking by funds on Monday. A lot of mixed signals for stock market on Monday but if it does recover, it seems like a sale on the week if we get a good set-up and confirmation. May not…


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Not ready to top-pick stocks

FOR FRIDAY: (4/27) Could end up with week-end profit-taking and then selling by Sunday as we move into the end of the month. Not ready to top-pick stocks tonight but may be open on Friday. Gold and dollar are fractions from key target areas.


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Could see strong movement on Thursday

FOR THURSDAY: (4/26) There’s a lot of energy on Thursday and we could see strong movements, and we have a bias toward upward action for stocks but will the trade do much before FOMC which is announcing May 2? That likely means pre-FOMC congestion, and if we are lucky some pattern completions overnight for gold…


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