Lot of turns on the weekly chart ahead

FOR MONDAY: (10/1) First of the month fund buying should start. Research on the 12-year cycle that kicks in mid-October suggests lower dollars for a year and higher metals, and we’re starting to sense that the Oct. seasonals for stocks may fail unless 2950 isn’t taken out early in the week. Lot of turns coming…


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Day after an FOMC meeting often

FOR THURSDAY: (9/27) Not sure we learned much from the FOMC meeting except that the market was overbought and end of the month profit-taking is needed. Still, Oct. seasonal buying isn’t far away and they will jump on buying the corrections over the next few days. Doubt that the political circus on Thursday will have…


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Favoring higher dollars into Friday

FOR WEDNESDAY: (9/26) Another FOMC meeting. They usually buy them, and that should be the case overnight and into before the announcement but starting to sense a fall after the announcement into Thursday. We do favor higher dollars into Friday, and that should mean we have to sell gold in the morning and silver despite…


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Tuesday before FOMC usually higher

FOR TUESDAY: (9/25) The Tuesday before FOMC is often higher although a rate hike is already priced in so it shouldn’t have much impact. The issue will be how many more rate hikes they project, with Deutsche Bank seeing 5 more by the end of 2019. There are a lot of cross currents out there…


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Wild cycles into the weekend

FOR MONDAY: (9/24) Cycles into the weekend are wild and the political background noise is a huge circus that the market barely cares about. Other countries are also very vulnerable. We’re looking for lower action on stocks for Sunday night into part of Monday but then that may be it. Any falls on the dollar…


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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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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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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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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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