Markets in paralysis before FOMC

FOR FRIDAY: (9/21) Quadruple Witch can be a big sideways nothing after an early spurt and isn’t a great trading day. Markets in paralysis before FOMC and while we still have a bias toward higher gold and silver and lower dollars, not much happening yet without much more of a crisis. Going to leave it…


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Exaggerated short-covering may not mean much

FOR FRIDAY: (9/21) Cycles are mixed. Definite chart turn-ups for wheat and beans but corn is lagging, and we’re coming into weekend harvest action and Sunday look lowers and also possibly Monday. Exaggerated short-covering may not mean that much given the large crops. We had exited ½ of corn and bean hedges already and should…


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Volatile cycles on Thursday

FOR THURSDAY: (9/20) Not sure we learned much on Wednesday but global rates are in a bit of a crisis and dragging US notes lower. Stocks are still in Lala land and some minor flight to quality. Cycles are volatile on Thursday and not sure we have anything definitive to do and expect more range…


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Too dangerous to buy grains

FOR THURSDAY: (9/20) We had grains recovering on Wednesday but think it may be a 1-day shot. Grains are often lower on Thursdays and beans need to take out 836 to trigger a daily chart reversal. Action on Wednesday was promising but too early to signal a seasonal bottom. Corn still would look better at…


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Not seeing S & P much above 2921 on Wednesday

FOR WEDNESDAY: (9/19) Usually a week before FOMC we get congestive whippy ranges and we are starting to set up for that. Not seeing S & P much above 2921 on Wednesday but starting to look like stocks, gold and crude and T-notes are higher into Friday and dollar lower.


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Key numbers in on grains

FOR WEDNESDAY: (9/19) Key numbers in on grains. Lower is very possible. Cycles are more mixed than higher into Friday so not seeing any need to buy with harvest pressure building. Hogs may get oversold and fall into Friday with no place to go. Cattle are mixed and we have a bias toward lower prices.


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S&P needs to take out 2888 quickly to fall deeper

FOR TUESDAY: (9/18) Stocks down a bunch in the night session as the reality of the tariffs sets in. Should at least spill into Tuesday and maybe Wednesday. Cycles are volatile and something unexpected involving the military or natural disasters around earthquakes could develop within the next few days, and it has been tense with…


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Cycle low for grains into Wednesday

FOR TUESDAY: (9/18) We found a new cycle low for grains into Wednesday that we missed in earlier research so no reason to bottom pick corn early. Beans projecting 805 now and wheat could easily get taken along for the ride. Will the trade buy the fact of the China sanctions or will they just…


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Stocks look lower Sunday night, Monday

FOR MONDAY: (9/17) We have stocks lower on Sunday night and Monday, and would expect that there would at least be some pullback from the hurricane. May be difficult to trade and we’ll have to see how things settle out on Monday. You may have to get something short near the open of Sunday night….


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Wheat minimum numbers in

FOR MONDAY: (9/17) Minimum numbers for wheat came in and that may block corn from hitting the more ideal 346-7 area for now but possible with harvest pressure. Beans can’t be bought as a countertrend play unless we see 811-13, and that would take some major bad news out of China combined with harvest pressure.


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