Bias toward stock market pullback into Friday

FOR WEDNESDAY: (5/23) Have to be concerned about thinning conditions as traders head toward the exits ahead of Memorial Day. We have a bias for a stock market pullback into Friday, and Tuesday’s failure supports it. Wednesday is still a transition day. We hate pre-holiday trading and have to hold back and then wait for…


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Stocks cycles positive

FOR TUESDAY: (5/22) Still should be an active day before it thins out before the holidays. Cycles are positive and we see a good chance for stocks to spurt. Willing to buy pullbacks on gold and silver for countertrend plays, and we like crude into Thursday if we can get a pullback. JUNE E-MINI S…


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Gold, silver look higher next week

FOR MONDAY: (5/21) We’re moving into a pre-holiday week and the trade may be going home after Wednesday. Monday morning looks lower for stocks so we’re open to a pullback but it may end up being a buy into Tuesday. Gold and silver look higher much of next week as does crude, and the dollar…


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Crude fundamentals, trend remain strong

FOR FRIDAY: (5/18) Traders aren’t taking too much home for the weekend lately so end-of- the-week position squaring may hit for stocks and crude. Trend and fundamentals remain strong for crude, and our target for crude continues to be 7900 this summer. S &P not likely to fall dramatically, and chances are it will be…


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S & P still looks higher into next week

FOR THURSDAY: (5/17): We had a reversal due for currencies for Wednesday, and it may have come in with Italy getting their act together. Still, a fall in the dollar may not be more than 2-3 more days and not be very much. S & P still looks higher into next week with Thursday higher….


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No major sell signal yet for stocks

FOR WEDNESDAY: (5/16): Trade a bit on edge with war game exercises spooking the North Korean President. Higher interest rates make 3-year bills a win over stock dividends and 10-year note over 3% is a bit of a take-the-money-in-May-and-run play. Stocks haven’t put in a major sell signal yet but are on the edge. Patterns…


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Lower dollars for next few days

FOR TUESDAY (5/15): The Dollar recovered late as stocks gave up their overnight gains following remarks from Commerce Secretary Wilbur Ross that seemed to pour cold water on Trump’s overnight tweet on ZTE and hopes that a trade war with China was easing. We see lower dollars the next few days so not sure what…


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Markets poised to pull back

FOR MONDAY: (5/14) Upside patterns on crude and stocks could get realized Sunday night and part of Monday but we should get a pullback into at least Wednesday. Not expecting the end of the world for any markets but they are overblown from this week and pullbacks would be healthy.


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Cycles peak Friday and Sunday for many markets

FOR FRIDAY: (5/11) Cycles peak on Friday and Sunday for many markets and this week’s movement should get retraced next week. Still potential but sometimes Fridays are congestive before the weekend.


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Bullish energy the next few days

FOR THURSDAY: (5/10) We have a bias toward strength and bullish energy the next few days for many markets so we see no reason to top-pick stocks or crude. Gold and silver will be the victims and we need to find a way to get into the dollar.


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