Sideways action after holiday likely

FOR TUESDAY: (5/30) Quiet markets on Monday didn’t tell us much. The Fed’s Williams said three rate hikes in 2017 made sense and balance sheet normalization should begin this year. The pound posted the biggest gain among G-10 currencies, though the bounce wasn’t enough to erase Friday’s plunge when polls showed the coming election may…


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Weekend cycles have a high terrorism alert

FOR FRIDAY: (5/25) Fridays before 3-day weekends are usually quiet. Usually by 9:30 am everyone who came in is gone. Not sure if GDP will mean much. Markets are open Sunday night and usually until 10:30 am-12:00 pm on Monday so check with your broker. Asian and European trade can be brisk sometimes. Cycles over…


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Stocks may take profits after Thursday’s high

FOR THURSDAY: (5/25) Will the trade go flat before the long holiday weekend already on Thursday? It will thin but Thursday will be a better day to trade vs. Friday. We have the markets open most of the holiday weekend in electronic trading and have outlined cycles for the weekend. We think stocks will take…


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Gold and silver higher into Thursday

FOR WEDNESDAY: (5/24) We looked closely at cycles this week and not seeing anything to knock stocks down, and the trade is blowing off the latest scandal rumors and is more interested in increasing end of the month profits. Dollar looks lower into Wednesday/Thursday and gold and silver higher and oil looks higher into June…


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Dollar looks lower into Wednesday/Thursday

FOR TUESDAY: (5/23) We looked closely at cycles this week and not seeing anything to knock stocks down, and the trade is blowing off the latest scandal rumors and is more interested in increasing end of the month profits. We can’t be bearish but we are sure where we can get an entry. Dollar looks…


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Stocks look like a buy on Sunday

FOR MONDAY: (5/22) We are always nervous about putting out orders over the weekend break given the political circus going on but it does look like stocks are a buy on Sunday if nothing happens. JUNE E-MINI S & P 500 S&P ANALYSIS FOR MONDAY: (5/22) Support at 2376.50 and 2374. Market did fail at…


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Topping action: tread carefully

FOR FRIDAY: (5/19) We‘ve seen enough of these sucker punches to know that we had to be careful–and low and behold, it came and delivered. Next week’s James Comey hearing is certainly setting up as a ‘grab yr popcorn’ moment with Democrats lining up for their 5 minutes of fame to ask the question that…


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Stocks look higher into end of week

FOR TUESDAY: (5/16) Well, stocks survived a long-range missile test by North Korean over the weekend and just really cared about another false promise from OPEC. We’re not seeing this market run out of steam until the end of the week so we assume that it will go higher. Our cycle work is at odds…


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Metals look lower on Friday

FOR FRIDAY: (5/12) More reports on Friday and lately Fridays have been friendly but the 29-day cycle is weak by 9-10 am and that may lead to a weekend profit-taking bout. Metals also look lower on Friday and it may be a dull pre-weekend affair.


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Favor stocks bouncing on Thursday

FOR THURSDAY: (5/11) We have a bias toward stocks bouncing on Thursday and would love to buy a pattern completion but still looking for 40 ticks off the highs on NQ and not sure what will create that. The dollar looks higher all week and that doesn’t jive with a 2-day bounce for gold, which…


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