Can buy dips on gold

FOR THURSDAY: (3/22) Usually the FOMC movement spills over into Asia and Europe with follow-through. We can’t sell major support on the S & P but can buy dips on gold and sell the dollar. JUNE E-MINI S & P 500 TRADING RECOMMENDATION: Wait for morning comments. S & P ANALYSIS FOR THURSDAY: (3/22) Wild…


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Anxiety cycles increasing into the Easter holiday

FOR WEDNESDAY: (3/21) Trade waiting on FOMC. Here’s what key analysts think: The question then is whether the Fed will hike rates 3 or 4 times in 2018 and 2 or 3 times in 2019. Here opinions differ, and as Morgan Stanley writes, based on our stress-testing of the dot plot, it is possible to…


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Favoring long gold, short dollars

FOR TUESDAY: (3/20) Too much news this week with the G-20 finishing, FOMC on Wednesday, new Chinese tariffs on Friday and fighting over the next budget going into the end of the week. Add saber-rattling with the UK and Russia and political punches from both sides still trying to take down or protect the President,…


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G-20 rhetoric on Monday/Tuesday may impact markets

FOR MONDAY: (3/19) G-20 rhetoric on Monday/Tuesday may impact trade fears with China. Cycles are suggesting lower prices for grains for a few days. Cattle is due for a 1-2 day bounce but probably lower into the end of the week. Hogs are oversold but patterns suggest lower prices.


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News-flow may be more dynamic before FOMC

FOR MONDAY: (3/19) The G-20 finance meeting is Monday and Tuesday, and rhetoric is likely to fly, and news-flow may be more dynamic before FOMC release on Wednesday. Given the recent trade-war rhetoric and tensions with UK and Russia, it would seem that this meeting may be more significant than normal. Still, they usually find…


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Congestive action is troubling

FOR FRIDAY: (3/16) We have a bias toward a recovery for stocks the next few days but can’t rule out that the trade war concerns won’t create weakness overnight. T-notes are set to recover into Friday but gold is failing Trade starting to look ahead to the G20 meeting next week where trade wars and…


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T-notes set to recover into Friday

FOR THURSDAY: (3/15) We have a bias toward a recovery for stocks the next few days but can’t rule out that the trade war concerns won’t create weakness overnight. T-notes are set to recover into Friday, as is gold. Trade starting to look ahead to the G20 meeting next week where trade wars and Bitcoin…


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Next cluster of key cycles into March 18

FOR WEDNESDAY: (3/14) There was a huge cluster of positive cycles peaking into March 12-13–and given a number of reversals, we have to assume that something bigger is happening until the next cluster into March 18, and then the trade is on hold into the FOMC announcement. On the fundamental level, trade war against China…


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Minor cycles point lower for a few days

FOR MONDAY: (3/12) Stock market roared back to life with huge gains in employment and lessening fear about North Korea and tariffs. Minor cycles point lower for a few days so we’ll have to see what Tweet happens over the weekend to worry the markets. Still, larger optimism cycle into Tuesday may override everything. There’s…


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