S & P couldn’t break key support

FOR MONDAY: (9/11) There’s little doubt that Florida will get hit by the hurricane at publication. Sometimes extreme gap downs on these events have nowhere to go but to recover and the S & P couldn’t break key support. The history of Hurricane Andrew in August 1992 had the US stock market down a week…


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Open to panic selling coming next few days

FOR FRIDAY: (9/8) Buy the rumor, sell the fact. Thinking that if stocks sell off into the weekend and gold is also higher and the dollar lower, then whatever happens over the weekend will have nowhere to go and the markets will rebound. Cycles turn a bit more depressing and pessimistic the next few days…


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Cycles lower next few days

FOR THURSDAY: (9/7) Buy the rumor, sell the fact. Thinking that if stocks sell off into the weekend and also gold is higher and the dollar lower then whatever happens over the weekend will have nowhere to go and the markets will rebound. Cycles turn a bit more depressing and pessimistic the next few days…


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Markets illogical; news volatile

FOR WEDNESDAY: (9/6) Markets can be illogical and that could always happen on Wednesday. Too much background noise with a Category 5 hurricane heading for Florida –and hopefully swerving out to sea or going other places. Still, it’s rather unnerving and at the same time N. Korea is moving missiles around getting ready for another…


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S&P a buy on dips for at least a few days?

FOR TUESDAY: (9/5) Not sure another hurricane heading for the US will be considered good for the economy but people feel all this money goes out of insurance funds and into buying replacement goods and it’s sometimes a boost for the economy. North Korea tensions are still there and we have to see how much…


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Higher stocks/dollars; lower gold on Friday

FOR FRIDAY: (9/1) We see higher dollars and lower gold for Friday and expect higher stocks but the market may go for profit-taking before the long weekend. NQ cycles look the most volatile so tread carefully.


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Won’t take much to push SP into a buy signal

FOR THURSDAY: (8/31) The big question is whether pre-holiday position squaring and month-end fund profit-taking and contract rollover will overwhelm upper pattern completion, which might take until Monday/Tuesday to complete. ADP showed a gain of 276,000 private sector jobs. Is the trade assuming a strong number for employment for Friday, and GDP was the best…


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Have to take profits early

FOR WEDNESDAY: (8/30) Sucker punch day on Tuesday. To us, they all look like 4th waves but we’re concerned about thinning conditions before the holidays as well as month-end fund profit-taking and contract rollovers for notes and silver. Have to take profits early because of all the above but if we hold into Monday/Tuesday, upper…


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FOR TUESDAY: (8/29) Asia is all upset overnight with the N. Korean missiles but if the market gets trashed overnight, it may have nowhere to go in the morning but fill gaps. Hard to chase at night unless you stay up all night. We do have dollar weakness and stock weakness all week so we…


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Stocks may take a break next week

FOR MONDAY: (8/25) Nothing dramatic at Jackson Hole except a continued drubbing for the dollar that should continue into Labor Day. Stocks may take a break next week and be sideways to lower. Gold and silver look higher for another week and oil is in trouble next week. Mondays have been doggy in the summer…


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