Powerful upside cycles ahead

FOR FRIDAY: (7/13) Retaliation from China over the weekend could keep the market on edge so the trade may be reluctant to push too much higher. We’ve had a lot of surprises by China announced over the weekend in past weekends. Cycles look positive in the morning but to be concerned about weekend profit-taking. In…


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Reversal coming next week

FOR THURSDAY: (7/12) Watching overnight carefully but inclined to think that stocks will be higher and not done until 2820 comes on the S & P. Metals look lower for a few more days and oil should be done within a day. Reversal coming next week but not sure why.


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S & P could break 30 points

FOR TUESDAY: (7/10) Stock traders are on steroids now so don’t be surprised if they just run things up for fun because there is no other game in town. Can’t ignore technical breakouts and the look of charts. S & P could break 30 points but if it comes from 2820, it won’t mean much….


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Cycles point lower for Sunday/Monday

FOR MONDAY: (7/9) Lately, we get Chinese surprises over the weekend and if retaliatory efforts are worse than expected, the market could tank sharply on Sunday. Cycles suggest as much for Sunday/Monday. We have a number of turns due over the weekend or at the latest into Tuesday/Wednesday for financials so will see what develops.


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Cycles look positive for stocks

FOR FRIDAY: (7/6) Very difficult day to trade. Cycles look positive for stocks but will the trade fade any news? We continue to go with price and pattern and we’re more inclined to expect a downside resolution for stocks into the weekend. Market is currently bid on hopes for some China resolution–and if it comes,…


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S&P above 2720 isn’t great for the bears

FOR TUESDAY: (7/3) We have pre-holiday trading in thin conditions and while we understand patterns and cycles, it usually isn’t worth trading choppy action before the Friday employment report. Leave it alone and enjoy the holiday break. We can often get a lot of fake-out moves in these conditions and they seem exaggerated so we…


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Huge range possible on Monday

FOR MONDAY: (7/2) We’re dealing with first-of-the-month fund buying but also have to deal with thin holiday conditions all week, although Europe and Asia won’t be as thin. The week of employment report can have a huge range on Monday and then be followed by congestion, and it usually makes for quicker and shorter trades….


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Expecting position squaring on Friday

FOR FRIDAY: (6/29) Lots of reports and month-end position squaring onFriday. Many of the trends we have had in place look like they will continue into Tuesday of next week before the official July 4th holiday. In reality, many people will take all of next week off and many will disappear already on Friday. Stocks…


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Stock market may do another sucker punch

FOR THURSDAY: (6/28) Frustrating day in that the market ended lower but had a wild early morning spike that took out our protective stops. We at least expect new lows overnight but the market may do another sucker punch if the trade decides to head for the exits early.


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Open to a break in stocks on Wednesday

FOR WEDNESDAY: (6/27) We’re concerned that the markets will turn into a ghost town the week of July 2-6 with the 4th falling on a Wednesday. May seem a lot like the week of Christmas with everyone traveling. That often leaves us with congestive patterns and no clues. Still enough volume for a few days…


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