G-7 fireworks expected

FOR FRIDAY: (6/8) The G-7 meeting in Canada runs Friday and Saturday with fireworks expected, and we’ll see how markets are impacted. They may wait until Sunday to explode one way or the other. Hard to imagine Trump backing down but is that positive or negative for the dollar? We have currency rollovers and stock…


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NQ divergent high approaching

FOR THURSDAY: (6/7) Stocks cycles are running out of time and energy. Often, the market will top out the first few weeks of June. Divergent high for NQ the next few days should be the beginning of the end for the summer so bears should start to salivate. For now, the bulls will stay in…


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Positive stock cycles tiring

FOR WEDNESDAY: (6/6) Stocks cycles are running out of time and energy. Often, the market will top out the first few weeks of June. Divergent high for NQ the next few days should be the beginning of the end for the summer so bears should start to salivate. For now, the bulls will stay in…


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Minor pullback for stocks

FOR TUESDAY: (6/5) Overbought conditions could lead to a minor pullback for stocks. The dollar is also due for a bounce; bonds are at key support, and a 1-day bounce would be helpful. Not sure anything that happens on Tuesday will mean much except redressing oversold conditions.


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Dollar looks lower into Friday

FOR FRIDAY: (6/1) Trade waiting on employment report. Stocks look friendly into at least June 7; the dollar looks lower into Friday and gold higher and crude higher for Friday. T-notes look lower into next week. Always surprises with these reports so it’s always difficult to get too exposed before a report. We’re starting to…


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Stocks look higher into at least June 7

FOR THURSDAY: (5/31) Trade waiting on employment report. Stocks look higher into at least June 7; the dollar looks lower into Friday and gold higher and crude higher. T-notes look lower into next week. Always surprises with these reports so it’s always difficult to get too exposed before a report.


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FOR THURSDAY: (5/24) The trade is leaving for the holidays and we rarely do well holiday trading or post-holiday trading. Usually the day after a holiday is filled with head fakes and double head fakes, and the wise trader waits for the noise to settle down to play. Moreover, we’re moving into the end of…


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Bias toward stock market pullback into Friday

FOR WEDNESDAY: (5/23) Have to be concerned about thinning conditions as traders head toward the exits ahead of Memorial Day. We have a bias for a stock market pullback into Friday, and Tuesday’s failure supports it. Wednesday is still a transition day. We hate pre-holiday trading and have to hold back and then wait for…


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Stocks cycles positive

FOR TUESDAY: (5/22) Still should be an active day before it thins out before the holidays. Cycles are positive and we see a good chance for stocks to spurt. Willing to buy pullbacks on gold and silver for countertrend plays, and we like crude into Thursday if we can get a pullback. JUNE E-MINI S…


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Gold, silver look higher next week

FOR MONDAY: (5/21) We’re moving into a pre-holiday week and the trade may be going home after Wednesday. Monday morning looks lower for stocks so we’re open to a pullback but it may end up being a buy into Tuesday. Gold and silver look higher much of next week as does crude, and the dollar…


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