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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S&P sideways to higher on Friday

FOR FRIDAY: (9/14) Pre-hurricane weekend, with cycles intense over the weekend for fear and it doesn’t look like it will be over by Monday but somehow the weather people always having us betting on the end of the world and it’s never quite that bad. Still, it will be a mess and will hurt the…


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Cycles suggest short-covering for grains on Friday

FOR FRIDAY: (9/14) Not sure we learned much on Thursday. With weekend harvest pressure, it may be too much to expect a short-covering bounce or a rally on Monday but it’s still early in the harvest season so maybe not too much pressure. Cycles suggest short-covering on Friday and higher prices on Monday. The wild…


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Bias for higher stocks, lower dollars into Friday

FOR THURSDAY: (9/13) Trade waiting on Central Bank craziness for Thursday. We have hurricane and report paralysis for now and maybe we can get through it by early morning when most of it should be out of the way. For now, we have a bias for higher stocks into Friday and lower dollars, and that…


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Probably can’t press grain shorts

FOR THURSDAY: (9/13) Wondering when the trade will start worrying about crop loss in South. May be soon. Probably can’t press grain shorts until we get an overreaction to the upside now and grains are very oversold. Hogs finally getting a reality check that we could be repeating 1999 again.


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Looking for a retracement up to S&P 2897.50

FOR WEDNESDAY: (9/12) Super Thursday is approaching with a number of Central Bank meetings (but not the US until Sept. 26). Nothing happening on the commodity front of interest just yet or with other markets. Hurricane Florence and potential damage is a concern, and China rhetoric and planning continues to ratchet up–and it’s not a…


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