Stocks should still be sold into Sunday night

(6/22) Crude is still falling apart and everyone has to be a bit nervous with US and Russian planes buzzing each other in a show of ego. We have to really be concerned about our leadership and military when these kinds of games happen. On the bright side, there’s an olive branch from North Korea…


Read More

S&P close to issuing sell signal

FOR WEDNESDAY: (6/21) Stocks couldn’t handle tumbling crude oil prices and API prices after the close on Tuesday aren’t helping. Market is close to issuing a sell signal but it’s not yet verified by NQ futures or SP cash and we have seen the cavalry come to the rescue too many times to start roaring…


Read More

Gold close to key support

FOR TUESDAY: (6/20) Monday was a big surprise with new highs on SP and Tuesday looks higher also. Tuesday is a major Bradley model turn date and it’s coming in as a high and gold is close to key support as is dollar to resistance. Starting to wonder what might happen to create major turns…


Read More

Cycles for Sunday night strongly lower

FOR MONDAY (6/19) Often the day after Quadruple witch is lower and cycles for Sunday night seem strongly lower if there’s some shocking news over the weekend. If not, stocks may take a few days to wander up to 2442-3 on the Sept. S & P and then fall. Not a lot of news next…


Read More

Probably more quiet trading on Friday

FOR FRIDAY: (6/16) Quadruple witch and end of the week exhaustion may create more quiet trading and leave us waiting for the new shoes to drop on Sunday/Monday. At this point we have to see how much more short-covering happens overnight and early Friday before taking anything home.


Read More


UK election in focus

FOR TUESDAY: (6/6) Everything revolves around Thursday’s British elections and the ECB and then we have FOMC coming up on June 14. We should get congestion of last week’s gains for a while and this may lead to boring trading. Can do quick trades from key numbers as they set up but most didn’t set…


Read More

Next week may be congestive, spurring range trading

FINANCIAL MARKETS OVERVIEW FOR MONDAY: (6/5) There are a lot of big events for next week with ECB, the UK elections and we’re approaching FOMC on June 14; all of this may lead to congestion and profit-taking rather than acceleration as everything got unleashed on Friday and then will continue to finish on Sunday. We…


Read More

S&P 2520 could come in early summer

FOR THURSDAY: (6/1) First-of-the-month action if usually a buy for fund managers but in June they have to be a bit cautious given prices at S&P 2400. Still, we think 2520 could come in early summer before this market corrects into October. Wondering how much sideways congestion will happen or if no one really cares…


Read More

Open to congestive action, minor break into Sunday

FOR WEDNESDAY: (5/31) We had one of those days when people aren’t quite back from vacation and now we move to the end of the month. Will we get end of the month profit-taking so they can buy it back up? We’re open to congestive action and a minor break into Sunday of next week…


Read More