FOR THURSDAY: (4/19) Stocks took a rest on Wednesday and cycles are still friendly into Thursday so we’ll give them another day to breakout to the upside. Gold and crude cycles are still friendly into Sunday.Continue reading
Grain cycles friendly on Thursday
FOR THURSDAY: (4/19) Cycles are friendly on Thursday but grains often come off and also cattle so we have to be defensive before the COF report. We could easily see corn and wheat hold up another day but beans look terrible and the grains look heavy. Trade will be position squaring before the COF report.Continue reading
Gold seems higher into Monday
FOR WEDNESDAY: (4/18) Cycles are friendly the next two days and we doubt the bears will easily take back control. Gold seems higher into Monday and the dollar lower and oil looks higher into the end of the week and Monday. We need to buy dips on stocks and crude and sell the dollar.Continue reading
Grains need to breakout on Wednesday or they’re in trouble
FOR WEDNESDAY: (4/18) Markets holding up ok but failed to breakout. Wednesday needs to breakout or we’re in trouble in grains. Cycles are friendly for grains the next few days. Overall cycles are very friendly the next few days so we really need some upward action to negate the recent 2-day move retracing.Continue reading
Stocks may retrace on Tuesday
FOR TUESDAY: (4/17) While we did not get peace the situation did resolve for the market to go up, which was what the cycles had suggested. Stocks may retrace on Tuesday but then be higher into the end of the week. Gold looks higher a few more days; oil looks in trouble for a few days and the dollar lower into Wednesday.Continue reading
Grains should recover into end of the week
FOR TUESDAY: (4/17) Cycle lows came in on Monday and should complete overnight and then grains should recover into the end of the week. We just need to survive any overnight craziness. Wheat did issue a major sell signal but sometimes when that happens, the trade gets oversold and has to recover.Continue reading
War markets may lead to big initial gaps
FOR MONDAY: (4/16) At Friday night publication the U.S is bombing Syria in coordination with France and the UK. A lot will happen over the weekend break and we’ll have to see where the world is by Sunday afternoon. While we usually don’t do Sunday updates, we’ll have to this Sunday. We had a bias toward higher S & P and dollars but usually with these crazy events you get wild action that can go both ways and involve numerous changes of direction. Pray that saner minds will prevail. War market cycles overturn everything so throw regular cycles out the window. We often seen insane gaps on events like this and then nothing to do but fill those gaps, so max. momentum may be in by the first hour of trading. It may be until 6 pm CDT before we’ll able to update you on Sunday night.
Will wheat prices drag grains lower on Monday?
FOR MONDAY: (4/16) Will wheat prices drag grains lower on Monday? Profit-taking set in but only wheat is showing very stressful signs. With a low going into this key weekend, we’re may see the market pop out of here–and even if we get a low on Monday, we expect higher prices into April 25-26 next.Continue reading
Favoring higher stocks into Monday
FOR FRIDAY: (4/13) Hard to play anything and gamble over the weekend. We favor no missile strike over the weekend into Monday and higher stocks, which would suggest lower gold but we may have to consider Sunday’s open to play if you have to play these volatile markets.Continue reading
Cattle looking strong into Monday
FOR FRIDAY: (4/13) Going to go with longs on beans and corn if we can get good value. Will pass on wheat. Cattle took off and we can hold into Monday with weather over the weekend and the return to winter.Continue reading