Favoring higher stocks into Monday

FOR FRIDAY: (4/13) Hard to play anything and gamble over the weekend. We favor no missile strike over the weekend into Monday and higher stocks, which would suggest lower gold but we may have to consider Sunday’s open to play if you have to play these volatile markets.


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Markets on edge with a potential missile strike against Syria

FOR THURSDAY: (4/12) Markets on edge with a potential missile strike against Syria within 72 hours. With a repeat of last year’s April 5 event pending, one has to look at that cycle. Last year the stock market fell 50 points over 8 days when that happened and given recent volatility swings, that’s more likely…


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Patterns suggest a bounce to S&P 2620 region

FOR MONDAY: (4/9) What’s next? Too many potential tweets and China statements to take new positions. We sense that much of next week is lower for stocks and higher for bonds and gold, and we’ll play that way. Have a restful weekend!


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Lower gold and higher dollars ahead

FOR FRIDAY: (4/6) Too much volatility and too many surprises lately have us not in the mood to outguess the market for Friday. Thursday should have been down but it wasn’t, and does that mean a delayed impact on Friday? The sucker punch has changed the momentum. We do see lower gold and higher dollars…


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Favoring sideways to lower stocks for Thursday

FOR THURSDAY: (4/5) Trade waiting on employment report. We have a bias toward sideways to lower stocks for Thursday and lower stocks on Friday but this market is full of surprises everyday. Gold should retrace 2 days now and the dollar is still wanting to go higher for a few days.


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Stocks set to fall apart after Tuesday bounce

FOR WEDNESDAY: (4/4) Seems like it could be a repeat of last week with a strong Tuesday bounce and then stocks fall apart again. Have to get short stocks again and the other 1-day retracements will be followed by a continuation of the trends from Monday.


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Tuesday best chance for a stocks recovery

FOR TUESDAY: (4/3) Tuesday is the best day of the week for a stock market recovery but new lows are coming so will have to get short any absurd bounce that happens and be ready for the rest of the week. That should give gold a pause and the dollar has a 5th wave high…


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Finding places for new shorts on stocks a tricky proposition

FOR MONDAY: (4/2) The long weekend can’t come soon enough for traders, as initial Tweets about hurting Amazon were taken back and techs soared 2% to erase losses. Trade was horribly thin on Thursday and may not mean much but finding places for new shorts on stocks is tricky.


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Stocks going to break the first few weeks of April

FINANCIAL MARKETS OVERVIEW FOR THURSDAY: There‘s so much background noise going into the weekend and coming out of the weekend that it’s hard to imagine anything positive happening. Action on Thursday was wild both ways with position squaring and did not make much sense, particularly in the dollar. What is clear is that stocks are…


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S&P may do 3-wave bounce on Wednesday

FOR WEDNESDAY: We got busy and when we looked up the market had suddenly returned to levels seen at Monday’s lows. Tough to pin a catalyst in this flush – which has pushed S&P red and Nasdaq down hard – but a combination of NVDA’s drop, TSLA’s tumble, 5Y auction tail, and FB comments, seems…


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