FOR THURSDAY: (8/30) NQ at all-time highs along with Amazon has to be watched for exhaustion but that point is up to 7754 on NQ futures. Long weekend makes it hard to take a position but the market tends to be higher after Labor Day. and cycle high into Sept. 6 is looming. Any Canada…
FOR WEDNESDAY: (8/29) GDP is on Wednesday and we’re always worried about these holiday weeks, as the trade will start leaving by Wednesday and nothing will happen until Sept. 4. The dollar downtrend is more solid, as is gold, and you can’t sell the stock market when it’s at record highs so go with the…
FOR TUESDAY: (8/28) GDP is on Wednesday and we’re always worried about these holiday weeks as the trade will start leaving by Wednesday and nothing will happen until Sept. 4. The dollar downtrend is more solid, as is gold, and you can’t sell the stock market when it’s at record highs so go with the…
FOR MONDAY: (8/27) Not sure the market cares about political noise and it will go on for months and months anyway and doesn’t mean much if corporate earnings and US growth is there. Will have to see how HI comes in over the weekend. Some fear cycles will intensify starting Tuesday of next week so…
FOR FRIDAY: (8/24) Market still congestive before Jackson Hole and China news. Seems not to care much about Trump scandal. We still can be rather congestive on Thursday, and then we have to deal with lots of news and craziness on Friday. Never a dull moment. We have a bias for toward a negative resolution…
FOR THURSDAY: (8/23) Market still congestive before Jackson Hole and China news. Seems not to care much about Trump scandal. May still be rather congestive on Thursday, and then we have to deal with lots of news and craziness on Friday. Never a dull moment. We have a bias for toward a negative resolution for…
FOR WEDNESDAY: (8/22) Market sharply lower on the Cohen news but may recover by the morning. We got the stocks sell signal and now have to find a place to get in. Dollar really falling apart but need a dead-cat bounce into Wednesday to get in and will look in the morning.
FOR MONDAY: (8/20) Cycles are volatile on Sunday/Monday and we could get some wild geo-political news, and it has been happening already. Patterns for stocks look a bit higher and if there’s no wild news, the market tends to find a way to go up on Mondays. Tuesday looks more vulnerable for stocks. Two key…
FOR FRIDAY: (8/17 no change) Expecting stocks to recover the next few days while metals should find a temporary floor and do a dead-cat bounce. While stocks have issued a stronger sell-signal, we can probably only count on another 61 S & P points lower from wherever the market stalls into Sunday or Monday. There’s…
FOR THURSDAY: (8/16) Expecting stocks to recover the next few days while metals should find a temporary floor and do a dead-cat bounce. While stocks have issued a stronger sell-signal, we can probably only count on another 61 S & P points lower from wherever the market stalls into Sunday or Monday. There’s a sense…