Still room for more downward action

FOR MONDAY: (10/31) The FBI reopening of E-mail gate has pundits talking a Trump election means stocks down 10%. Our work has been looking for S & P 2000 into December so maybe that will be the case. We still suspect there are many more surprises coming before and after the election and the market won’t like the uncertainty. For now, stocks keep ratcheting lower and we’re inching toward the FOMC meeting on Wednesday. Usually the Monday before the FOMC meeting is a low and it’s also the last day of the month this time so still room for more downward action.

Markets remain sickly, sideways

FOR FRIDAY: (10/28) Not much to add to last night as markets are sickly sideways and even though the S & P had a weak close and may be down on Friday, it’s still rather sickly. We’re already in pre-FOMC congestion before the Nov. 2nd announcement. Throw in election paralysis and political depression and we’re not seeing a lot of exciting trading. Have to consider minor swings now based on patterns and cycles until something bigger sets up.

Have to consider minor swings

FOR THURSDAY: (10/27) We’re already in pre-FOMC congestion before the Nov. 2nd announcement. Throw in election paralysis and political depression and we’re not seeing a lot of exciting trading. Have to consider minor swings now based on patterns and cycles until something bigger sets up.

Tight ranges continue

FOR WEDNESDAY: (10/26) Are we going to just deal with tight congestive ranges now before the next Fed meeting on Nov. 1-2 and the election on Nov. 8? Probably a  game of 30-35 point S & P ping-pong for now and the dollar may take a break for a few days. Not much to do expect play small ranges and take quick profits.

Stocks might hold up on Monday

FOR MONDAY: (10/24) Congestive play as usual as the trade shook off bad China data and a US cyber-attack. Without more major news, seems more likely that stocks might hold up on Monday if they are not down hard on Sunday night. We completed our monthly newsletter, Financial Visions into the Future and it is being published tonight. If you are not a subscriber, give us a call or you can buy a 1 month trial online for $29.95 at https://www.fortucast.com/sample_trial.aspx.

Weak equity cycles for Friday

FOR FRIDAY: (10/21) Cycles for Friday look weak or at best sideways for equities. Lately Friday is a throw-away day with position squaring before the weekend. Something more dramatic is possible. No major reports out except Fed Speak. Will we get new scandals over the weekend and will the press continue to ignore them? Yes. We’re moving toward a kind of Watergate Presidency if Hillary is elected and that’s not going to be good for financials. The Dems are going to have to sweep Congress if she is going to survive.

Four major financial market turns over the weekend

OR MONDAY: (10/17) We continue to move toward 4 major financial market turns over the weekend so changes of trend next week for higher gold and lower dollars has to be paid attention to. We do expect some huge event involving leadership or govt. over the weekend that will be a surprise given hourly headlines. Lack of confidence in leadership and government are strongest for the year from Sunday into the end of the month. Earthquake and violence cycles are stronger and cycles are very powerful for US government transformation. Will Obama have the leadership to push us out of this election mess or will he continue to threaten Russia to take attention away from Wikileaks? Trump is too strong and will not back down and not sure Hillary knows who she is fighting. Last few years, the markets have gone up the last few weeks of October but this is an election year so maybe more like 2008, which was a down October.

Trend changes for higher gold, lower dollars next week

FOR FRIDAY: (10/14) Now the US will decide about its involvement in Syria on Friday in a further show of ‘ego-based’ stupidity. We continue to move toward 4 major financial market turns over the weekend so changes of trend for higher gold next week and lower dollars next week has to be paid attention to. We do expect some huge event involving leadership or govt. over the weekend that will be a surprise. At the moment, Friday looks more like sloshy position squaring at the end of the week.

Gold remains under pressure

FOR THURSDAY: (10/13) Stock market looks weak overnight and in the early part of the morning. We’re counting on more crazy world news to pressure this market but if nothing happens it will probably recover. Next week looks more challenging. Still feels like there is some unraveling around the corner. Gold remains under pressure. Very possible that the low 1270’s area won’t come in now and that the market will ratchet lower to the 1240 region.

Volatile cycles starting early

FOR WEDNESDAY: (10/12) Tuesday was a big surprise but we’re understanding that volatile cycles are starting earlier now and may last until the end of the month. Ideally we would love to see stocks bottom overnight and then have nowhere to go as we’re more positive than negative for stocks for Wednesday and need a 3-wave bounce. Starting to sense that things are going to unravel the rest of the month with lots of shocking events and we’re starting to research this and see some of coming so stay tuned.