Cycles optimistic for Monday

FOR MONDAY: (7/18) Cycles are a bit more optimistic for Monday for a bounce for stocks but still think some downward congestive action could dominate for a few days. With the background noise changing with French terrorism, we can give the dollar a better chance to reach higher but we still want to sell gold…


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Terrorism in France roils markets

FOR FRIDAY: (7/15) A serious truck bomb in France could change action for Friday and we have to scramble out of short gold and long stocks until we are sure how markets react.  This week has been too news driven with too many surprises for holding any trade very long and we will continue to…


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Quick 2-day pullback on S & P should be over quickly

FOR THURSDAY: (7/14) Quick 2-day pullback on S & P should be over quickly here and the push higher should continue into August 1 so the party isn’t over. We’re still waiting for retracements from Tuesday’s wild action and then can get positions in play for next week with most swings suggesting trending action between…


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Breakdown signal for T-notes and gold

FOR WEDNESDAY: (7/13) The potential impact of the new PM in the UK  caught us napping on  Tuesday. Yes, now suddenly the UK is fixed and there are no potential problems for Europe, or so the market reacted today. Sometimes these news events are followed by the trend as usual, and that may again be…


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Volatile cycles for Tuesday

FOR TUESDAY: (7/12) Cycles may turn more volatile on Tuesday with Tuesday/Wednesday having the best chance for lower stocks–and if we don’t get anything or much, we’ll know how strong this market is and we shouldn’t fight the trend or the primary 6-week cycle higher. Treasury auction not going well at the moment and that…


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Fortucast Financial Market Update

FOR MONDAY: (7/11) Hard to put out orders for Sunday night given that world weekend events are still rather crazy so we’re happy to go home flat and consider new positions on Monday. If we get a pullback on the dollar Sunday, we’ll want to buy and we still like stocks for at least one…


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