FOR FRIDAY: (11/2) Employment report on Friday will be key and we’ll have to wait for the reaction and always volatile. In the end we think that stocks need to be higher into Monday so buy the dips.Continue reading
Grains looking higher into Sunday
FOR FRIDAY: (11/2) Trump’s tweets and optimism about China trade pushed grains up sharply and created an early 1-day reversal. Higher prices are due on Friday and probably into Monday. Hard to buy corn with more harvest pressure before the weekend.Continue reading
Stocks cycles look firm into at least Monday
FOR THURSDAY: (11/1) Trade waiting on Friday’s employment report but we still may get first-of-the-month buying and bargain hunting. Cycles for stocks look firm into at least Monday with Tuesday lower in pre-election panic.Continue reading
Grains look lower on Thursday
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