Temporary completion at 2562 on the S & P

FOR THURSDAY: (10/19) Chances are nothing will happen with N. Korea but it’s still pretty dicey and Thursday offers some chance for volatility. We’re trading off of patterns and they have a temporary completion at 2562 on the S & P. Gold and silver issued a major sell signal and crude hold up until Oct. 22.Continue reading

Looking for a rebound on grains on Thursday

FOR THURSDAY: (10/19) We’re looking for a rebound on grains on Thursday and they have held key numbers discussed in the morning. Cattle may start short-covering before the Cattle on Feed Report due out on Friday. Hogs are crazy but may be up one more day. We still have to complete cycle research on the grain and meat complex for the next month as we move toward completing our monthly magazine newsletter.Continue reading

Gold and silver issued a major sell signal

FOR WEDNESDAY: (10/18) Chances are nothing will happen with N. Korea but it’s still pretty dicey and Wednesday/Thursday offer some chance for volatility. We’re trading off of pattern and minor cycles for stocks. Gold and silver issued a major sell signal and crude may hold up until Oct. 22.Continue reading

Wednesday looks lower

FOR WEDNESDAY: (10/18) Looking like we missed shorts, as Wednesday looks lower but the next few days could get volatile if we get any unexpected events. Not sure what to do given incomplete upward patterns so we’ll wait for the morning.Continue reading

Bias toward higher dollars until Wednesday

FOR TUESDAY: (10/17) The news that Jack Taylor might be the next Fed chairman upset the dollar, bond and gold markets near the close took away some of our profits. We have a bias toward higher dollars now until Wednesday and lower metals in general and except for another Communist Celebration day for North Korea on Thursday, we might not have any worries. Still, cycles are dicey until Nov. 3 and the chances of world tensions rising has to be kept in the back of one’s mind.Continue reading

Cycles get more intense the next few weeks

FOR MONDAY: (10/16) Stock market is tiring and there are a number of larger cycle changes that started Friday that will continue into the coming weeks that may give this market pause to go much higher. We’re not into top-picking stocks but will be alert. Not sure people want to go home long again before North Korea red letter day on Oct. 18. We found a bunch of minor cycle inversions and end of the week profit-taking may set in for sideways congestion anyway. New saber-rattling with Iran is of course something else we don’t need on top of North Korea flak. Cycles get more intense the next few weeks for confrontation. We also ran two new cycles for Wednesday/Thursday and they’re giving us more information on the coming week.Continue reading

Not sure if harvest pressure will mean much

FOR MONDAY: (10/16) Not sure if harvest pressure will mean much but markets are oversold for grains but still look higher a few more days. Key numbers of 1007 for Nov. beans and 444 for Dec. Chicago wheat are close and corn will go for the ride. We should be selling these rallies on wheat and be patient with beans but will have to be more aggressive by Tuesday in terms of selling. New research on cattle suggests lower prices into Thursday now and hogs may hold up into then.Continue reading

Stock market is tiring

FOR FRIDAY: (10/13) Stock market is tiring and there are a number of larger cycle changes happening starting Friday and into the coming weeks that may give this market pause to go much higher. We’re not into top-picking stocks but will be alert. Not sure people want to go home long again before North Korea red letter day on Oct. 18. We found a bunch of minor cycle inversions and end of the week profit-taking may set in for sideways congestion anyway.Continue reading

Grains likely to consolidate on Friday

FOR FRIDAY: (10/13) Thinking the trade will consolidate gains in beans and corn on Friday but we still see higher prices early next week. Cattle look lower on Friday and a dominant cycle into Oct. 26 may push the market lower the rest of the month, and we probably will stick with shorts. Hogs should be higher one more day and we will evaluate them later.Continue reading