How to handle a yo-yo volatile stock market? 

How to handle a yo-yo volatile stock market? 

Yesterday’s 900-point DOW move got all given back and more as the rally was just a 4th wave. The depth of today’s fall tells us that cash S & P will at  east go to 3930 and pull futures to 3920.  If we are to get a 2nd wave to bounce off of Thursday’s massacre, it is most likely on Friday with Sunday and Monday looking more difficult than even today.
Is the end near?  Stay on top of our analysis with Fortucast Timers. 

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Grains are far from Done to the Upside.

Grains are far from Done to the Upside.

This week is a rare pullback week for grains and we should be buying Sept. call options or ETF for grains like CORN, SOYB, or WEAT into Friday. 

Larger patterns still point to 1771-80 short-term on July beans and 1875 into later in the spring.  Corn should hit 854 if not 884 before we worry about a  pullback and July wheat is projecting 1225 and 1397 after this week’s pullback.  Wild weather cycles continue this year, Ukraine and Russia produce 29% of the world’s wheat and cold and wet springs in the Midwest may force more corn into soybeans as the last safe planting date is May 10th.   Fertilizer prices are through the roof and some places cost 5 times what they cost last year, and this eats into profit and we need these high prices to keep things going.

 

Stay on top of all our latest thoughts twice a day with Fortucast.  These markets will get wilder as food shortages continue.

 

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What’s up with silver and gold? Copy

What’s up with silver and gold?

Silver went to key support at 2240 much faster than we imagined and we do not have cycle lows until July.   We can easily get to 20.40 and 19.00 before it’s done with gold still having two more ledges to fall to at 1820-26 and then 1720-26.  Gold is probably not going to take out 1890 now for a bit. The banks do not want anything to compete with their worthless paper money and electronic money plans.
    We should note that the London Metals Exchange will be stopping the sales and delivery of silver futures starting in July and they cited diminishing trading volume but you know the World Economic Forum has their mitts in the works as they want to move to electronic money and silver is a major threat.  Time to buy those bags of silver quarters before 1964 while they are cheap as silver falls.   Stay on top of all our thoughts with Fortucast.   When will gold and silver come into their own?

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What’s up with silver and gold?

What’s up with silver and gold?

Silver went to key support at 2240 much faster than we imagined and we do not have cycle lows until July.   We can easily get to 20.40 and 19.00 before it’s done with gold still having two more ledges to fall to at 1820-26 and then 1720-26.  Gold is probably not going to take out 1890 now for a bit. The banks do not want anything to compete with their worthless paper money and electronic money plans.
    We should note that the London Metals Exchange will be stopping the sales and delivery of silver futures starting in July and they cited diminishing trading volume but you know the World Economic Forum has their mitts in the works as they want to move to electronic money and silver is a major threat.  Time to buy those bags of silver quarters before 1964 while they are cheap as silver falls.   Stay on top of all our thoughts with Fortucast.   When will gold and silver come into their own?

Stay on top of all our creative strategies with the Fortucast Financials Timer or the Fortucast ETF timer.

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 Gold is Swooning

Gold is Swooning

With all the hype about gold and the great long-term fundamentals, the bankers who manipulate it with paper gold are still in control.
Gold had a technical breakdown last week and has a few floors to go to first at 1821 and then 1775 and then 1721 and that may take until July. Gold miners are also looking terrible and while gold was finally profitable a few weeks ago, if it falls again, the mines will not be profitable.
There are funds for short gold like GLL and there are techniques to handle short gold and selling out of the money calls.   Gold’s day will arrive but for now, it is back in the pits.   Stay on top of our strategies with Fortucast.

Stay on top of all our creative strategies with the Fortucast Financials Timer or the Fortucast ETF timer.

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Capitulation Day 1

 


Capitulation Day 1

NQ 100 is close to taking out the continuation chart low at 13000 and projects 12756.  Some of the Mega-Cap earnings today or Wednesday will push it over the edge.  We do see a recovery from Wednesday into Friday or Monday and it will seem that all is well until the Fed raises rates on May 3rd and the market will go for lower lows.Things are not as easy for the stock market as they once were as you will not just be able to buy and hold and tech stocks are just not what they used to be and you will have to pick things that will go up like grain funds like CORN and SOYB or get into funds like RYLD and QYLD that give you nice monthly dividends by selling covered calls. Energy funds are still falling and what happens if crude goes to 87.50 or 83.50 next month?
Barry

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Stocks on the Ledge

Stocks on the Ledge

We do not see a crash coming so you can relax about that.  We may get to 3930-4000 on S & P cash before the market starts a rebound. The FED is telling us probably 50 BPS on May 3rd and then they are hinting at 75 bps hike by the June meeting and they are talking about 3.5% by March 2023.   Many people have not been around for a bear market and we are just at the beginning stages.  This market has been up 13 years and the FED is finally saying they will raise rates and not care about the stock market anymore as there are larger things for them to consider.

So when will this market bottom?  How far will it recover?  Stay on top of all of this with Fortucast Timers.  Always exciting opportunities when the markets get wild.

Barry

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Stock Market Turns the Corner

Stock Market Turns the Corner

FOMC minutes are coming out at 1 pm and patterns on the stock market suggest a negative reaction for a secondary low but that should set up  a buy for at least 4570 on S & P cash into early next week. The market often comes off or consolidates  1 week before FOMC which is on May 3 but Powell may confirm a 50 bps rate hike early but it is baked in the market already.  Stay on top of these markets with our daily timer.

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Markets in Transition

Markets in Transition

So a number of markets are showing major signs and signals.  Bitcoin is close to issuing a technical buy signal and we had a cyclical cycle kick in on Monday.
The S & P 500 futures took out a key level at 4430 regions to show signs of turning the corner and NQ needs to take out 14330 on futures to do the same.
Silver issued a sell signal today by taking out 2545 and it is another case of the cartoon strip peanuts where Lucy promises that Charlie Brown will kick the football but then she lifts it at the last minute so he can fall flat on his back.
Natural gas issued a reversal signal this morning from our long-term target of 7.95 that we saw last fall.
What’s next?
Stay on top of all these markets with Fortucast.

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