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

Markets on edge with a potential missile strike against Syria

FOR THURSDAY: (4/12) Markets on edge with a potential missile strike against Syria within 72 hours. With a repeat of last year’s April 5 event pending, one has to look at that cycle. Last year the stock market fell 50 points over 8 days when that happened and given recent volatility swings, that’s more likely to happen in an hour this time. Gold spiked and the dollar fell.Continue reading

Going with long beans, corn

FOR THURSDAY: (4/12) Going to go with longs on beans and corn if we can get good value. Will pass on wheat. Cattle are ok but still may erode on Thursday before they take off. We probably have to go with the cycle inversion cycle into Monday, as markets are not showing too many signs of pulling back, although wheat may have a chance and that will probably make us pause.Continue reading