Stocks look higher on Thursday

FOR THURSDAY: (10/18) We have stocks higher on Thursday and the dollar should stall at 9550-9555 and come off. Gold is probably a buy but it looks lower on Friday and we’ll be patient to see how pattern comes in. Crude is almost done with the current flush to 6756. T-notes look like 117.07 will…


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Stocks need a pullback

FOR WEDNESDAY: (10/17) Stocks cycles and overbought conditions from the largest sucker punch since the Trump election need a pullback but if it’s not much, then higher prices and a larger breakout could happen Thursday with Friday looking lower. Those waiting for the next big push lower will probably have to wait for Oct. 22-26.


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Stocks still too oversold to chase on the short side

FOR TUESDAY: (10/16) Still sensing that stocks are too oversold to chase on the short side and waiting on the next leg lower next week. Lots of key reports on Tuesday and then FOMC minutes on Wednesday.


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S&P due for a bounce this week

FOR MONDAY: (10/15) Lows held and we have to buy dips on pullbacks by early Monday for stocks in case we get a rubber-band reaction. Always have to worry about weekend craziness but cycles aren’t that negative, and the market should pull out of a tailspin by Sunday night and start a nice rally. We’ve…


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Could see 1-2 more new S&P lows before a bounce

FOR FRIDAY: (10/12) Could see 1-2 more new lows before a bounce early next week. No rush to buy until early Monday and we wouldn’t buy unless 2693 on the S & P is holding. Everything stretched a bit much for now.


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S&P cash patterns suggest rubber-band bounce to 2880

FOR THURSDAY: (10/11) Usually when the US spills, China and Europe follow overnight and then it snowballs for the US in the morning. We still sense that the market can recover out of this mess but have to leave it alone overnight and see what develops. A fall pullback for stocks would be healthy, and…


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S&P didn’t breakout enough to confirm it’s done

FOR WEDNESDAY: (10/10) We have been hopeful for a recovery for a few days or a week and so far, we have only secondary lows and not new lows but much under 2860 on S & P cash and we will fall another rung. We missed Hurricane Michael in the news until late and that…


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Gold issued a clear sell signal

FOR TUESDAY: (10/9) We’ll have to see how post-holiday energy settles but stocks are oversold and should continue to bounce and maybe even for a week. Gold issued a clear sell signal and the dollar still looks higher; crude needs to go to 7190.


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Crude oil looks mostly lower next week

FOR MONDAY: (10/8) Quasi-Holiday with Columbus Day and a banking holiday, and cash bonds and currencies are closed in the US. If stocks don’t crash on Sunday or early Monday, we have a bias for a recovery. We have both the dollar and gold higher next week and think the dollar be the correct one…


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S&P looks lower into Friday

FOR FRIDAY: (10/5) Cycles for overnight and into the employment report are edgy, and the S & P could quickly fall to 2884-5. Still, a violent recovery could happen next week so the surprise may be another bear trap. We’re in topping territory but these markets rarely do V-tops. Lower T-notes on tap and higher…


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