FOR THURSDAY: (11/1) Grains lower on Thursday but it may be too late to be selling again, although we’re willing to try with beans. Meats look lower on Thursday.Continue reading
S&P looks higher into Monday
FOR WEDNESDAY: (10/31) Is S & P done yet? 2600 may be enough and much above 2700 now and the bulls may attempt to come back in and start a retracement into Monday. Choppy action should continue and because we missed key gold sale numbers, we now have to wait and give them a chance to happen into Friday.Continue reading
Month-end short-covering should hit grains
FOR WEDNESDAY: (10/31) Month-end short-covering should hit grains, and cycles suggest a 1-day bounce but then lower on Thursday for grains. Cattle have a chance to bounce with hogs also on Wednesday.Continue reading
Open to one more S&P low Monday morning
FOR MONDAY: (10/29) The cycles around terrorism and explosions for the US are still strong into Tuesday and we wonder how spooked the market will be by the Pittsburgh incident. Too hard to take a position on a last short on Sunday but we’re still looking for lower levels and pattern completions but running out of time for it to fall apart before a 2-week rally in stocks. Dollar should peak on Monday and congest and we have to get out of silver, as it looks vulnerable this week along with gold. Will give crude a few more days to fall apart.Continue reading
Some grain cycles mixed into Wednesday
FOR MONDAY: (10/29) Some grain cycles are mixed into Wednesday but most of the cycles point lower this week and we can stick with shorts, although wheat is its own animal with the Australian drought.Continue reading
Wild cycles on Friday
FOR FRIDAY: (10/26) Cycles are very wild on Friday but may end up to the positive side for stocks so beware if you get too beared out. Monday has a better chance for a deep break than on Friday. Expecting wild congestion. Patterns for crude and metals are far from targets and running out of time for it come in.Continue reading
Cattle and hogs look lower the next few days
FOR FRIDAY: (10/26) Not seeing any major energy for grains to bounce until early next week so we should stick with shorts for a few more days and if we get enough of a lead on shorts, we can hang on. Cattle and hogs look lower the next few days.Continue reading
Major bounce probably coming on stocks
FOR THURSDAY: (10/25) Wild day. Thinking a huge sucker punch bounce could happen, as major support is close at hand for stocks. Market somewhat untradeable overnight but have to pick key numbers. Major bounce probably coming on stocks on Friday at the latest.Continue reading
Grains looking lower until early next week
FOR THURSDAY: (10/25) Not seeing any major energy for grains to bounce until early next week so we should stick with shorts a few more days–and if we get enough of a lead on shorts, we can hang on. Cattle have a cycle high on Thursday and we’ll have to move up stops and probably be short into Friday but cycles will get volatile here. Limit-up on hogs is making them untradable. We also have a very major cycle high due for them on Thursday and then they turn lower.Continue reading
S&P looking lower into Thursday, Friday
FOR WEDNESDAY: (10/24) Sucker-punch day, and usually bounces happen in 3 waves so a minor pullback may lead to another push up to kill all the late bears. We have a low into Thursday or Friday and higher prices next week but we’re open to a low as late as Monday. In the end, the worst cycles are over this week and the bargain hunters will return soon. Not sure why yet.Continue reading