Focus on cycle lows into Monday

FOR WEDNESDAY: (10/11) 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 have to come in. Not sure FOMC minutes will mean much but they always cause the computer Algos to trigger. Focus on cycle lows into Monday…


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S&P due for 30-point pullback

FOR TUESDAY: (10/10) Reversals in the dollar and metals remind us that we have to be alert for something on the S & P but it may not be Tuesday because upside pattern was not completed there to 2562 and NQ isn’t done either. That means long stocks today and watching for pattern completions. As…


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Surprised oil futures stayed near their lows

FOR MONDAY: (10/9) Feels like another waiting for apocalypse weekend with Trump talking about the calm before the storm and N. Korea liking to launch rockets before on their National Holiday on Tuesday. Hurricane Nate may only be Category 1 but headed for the Gulf region. Surprised that oil futures stayed near their lows. Chances…


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Stocks overbought, ripe for profit-taking

FOR FRIDAY: (10/6) Another employment report day. Market is rather overbought and end of the week profit-taking could sneak in if there are any surprises. The NFP number has been weaker with the lost jobs in Florida and Houston. Market doesn’t seem to care. Upper target on the S & P toward 2562 now.


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Stocks look quiet ahead of employment report

FOR THURSDAY: (10/5) Trade likely to be quiet before employment but not seeing anything that will knock the stock market down until next week. Gold could have a breakdown but not likely before a major report and then we have to decide how much to hold going into going into Friday.


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Complicated congestion patterns this week

FOR TUESDAY: (10/3) Employment report week often has a wide-range day on Monday and then a lot of complicated congestion patterns. While the SP cash has completed a minimum weekly chart pattern, short-term patterns still point higher this week and our monthly letter projects 2657 into 2018. We usually like the dust to settle on…


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Dollar retracement into Tuesday

FOR MONDAY: (10/2) We took profits on a number of positions rather than get surprised by the Catalan referendum, which is now turning into a police state event. Our work suggests a dollar retracement into Tuesday and that should mean a pop in gold. Stocks are close to very major number at 2520 on the…


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Position squaring likely on Friday

FOR FRIDAY: (9/29) Position squaring by funds and others at the end of the month should dominate. Trade is often gun shy in taking a position, especially with N. Korea in the background. Market should be getting ready of first of month stock buying on Monday but we are very close to key stock market…


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Stocks close to a fall high

FOR THURSDAY: (9/28) Thursday should continue the weekly trend but by Friday profit-taking and pre-weekend jitters should sneak in. Still, stocks are close to a fall high and it should complete the week of Oct. 1st. DEC. E-MINI S & P 500 S & P ANALYSIS FOR THURSDAY: (9/28) We got long on the early…


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Stocks should be higher on Wednesday

FOR WEDNESDAY: (9/27) Stocks should be higher on Wednesday but we wonder who really wants to run this market up with N. Korea tensions increasing. Dollar looks higher another day and gold lower and crude higher into Thursday. DEC. E-MINI S & P 500 S & P ANALYSIS FOR WEDNESDAY: (9/27) Three waves down overnight…


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