Some chaos already overnight

FOR WEDNESDAY: (3/7) Gary Cohen resigned late in the day and the stock market sold off strongly, and there are more Tariff wars with China looming in late news. It’s going from bad to worse for globalists following the Gary Cohn resignation, as Bloomberg just reported that the Trump administration is considering a major clamp…


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Stocks may retrace some of Monday’s gains on Tuesday

FOR TUESDAY: (3/6) We could see stocks retrace some of Monday’s gains on Tuesday before going higher into Wednesday and Thursday. Dollar looks lower now and gold higher but it’s not significant for a choppy week. Oil should recover into Wednesday/Thursday/Friday. OVERALL: Monday can be important for taking a position on the week, but the…


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Stocks looking up

FOR MONDAY: (3/5) From what we can tell, the Italian election isn’t a big deal and no party is likely to get a majority, which will ultimately be good for a coalition government. The trade war is heating up, with Europe going to tax bourbon, Harleys and blue jeans. Studies from 2002 note that Bush’s…


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Complicated cycles, intense volatility ahead

FOR FRIDAY: (3/2) Volatility is rather intense and cycles are complicated. Rallies overnight on stocks can be sold overnight and into Friday but once S & P 2600 comes in, we doubt the market will continue with a waterfall. Markets are getting complicated and cycles are rather complex into the weekend so expect more crazy…


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Some cycles suggest a strong rubber-ban recovery

FOR THURSDAY: (3/1) We usually can count on first-of-the-month buying to save the market and with some oversold conditions from the 2-day blood-bath, investment bankers may scoop stocks up. There’s a lot of data on Thursday, and that may fuel moves. Some cycles suggest a strong rubber-ban recovery the next few days but risk-taking cycles…


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Surprises on Tuesday with Powell remarks

FOR WEDNESDAY: (2/28) The surprises came on Tuesday with Powell, as in the end, his comment on fiscal responsibility and problems down the road in a few years were sobering and needed and painful. In the end they were interpreted as being hawkish. Usually that kind of movement is carried over into Asia and Europe,…


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Dollar cycles point lower this week

FOR TUESDAY: (2/27) As much as we would like to trend-trade and hold, action on Sunday and potentially this week reminds us that these markets have rhythms that change weekly. The dollar failed to breakout last week and cycles point lower this week unless Powell turns uber-hawkish, and gold could get pulled up. New highs…


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Dollar looks lower this week

FOR MONDAY: (2/26) Not sure there‘s anything huge pending over the weekend. The week before employment report usually has a big-range Monday and then a lot of congestion. NQ made new highs on the move and should pull the S & P. Not sure that bears can hope for anything meaningful this week but month-end…


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Choppy action, big ranges in stocks

FOR FRIDAY: (2/23) No US reports on Friday. The trade will look elsewhere to Europe and Canada. The Eurozone will release its final consumer price index (CPI) reading for January on Friday. A stronger than expected CPI print could renew investor expectations the central bank could tighten monetary policy measures sooner rather than lighter after…


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Is Goldman playing games again?

FOR THURSDAY: (2/22) Is Goldman playing games again, suggesting 5 rate hikes this year when the trade through the Minutes meant 3 rate hikes? Next key pivot point for most financials is Sunday, Feb. 25. We think it will be a stocks high, dollar high and gold low and crude high. Some of it will…


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