Stock cycles supportive into Tuesday night

FOR TUESDAY: (9/19) Trade may be anxious to do anything before Trump opens his mouth at the UN. Expect something patriotic that will probably rally the market. Stock cycles seem supportive into the Tuesday night session and they usually take the market up before FOMC.Continue reading

Grains look lower this week

FOR TUESDAY: (9/19) Grains are rather oversold going into the Monday night session and we have to give the market a chance to bounce on Tuesday into Tuesday night. Not likely to hit more ideal targets but not willing to chase without a bounce. We continue to focus on looking for recoveries to sell. Grains look lower this week so hedging and cash sales will be important on Tuesday/Tuesday night.Continue reading

S&P chances of coming off 2500 strong

FOR MONDAY: (9/18) Chances of the market coming off from 2500 on the S & P are strong if any bad news hits. We like to see the market down hard the Monday before FOMC so they can buy it back and we often see a 25-30 point dip. Usually we get a lot of congestive noise before FOMC and we’re not quite sure how the market will play out on Wednesday and we need a few more puzzle pieces before then. Has been hard to take anything home lately with a lot of saber-rattling with North Korea and others.Continue reading

Corn: Key resistance at 358 and 360 will be hard to get through

FOR MONDAY: (9/18) We continue to focus on looking for recoveries and now think the market could hold up at least into Sunday and part of Monday. We will put orders in early in case they get hit and the market is down on Sunday. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans could reach up to 985 or 995.00. Grains look lower next week so hedging and cash sales will be important Sunday/Monday. Meats could be volatile on Monday but then should recover to mid-week.Continue reading

Stock cycles look lower Thursday

FOR THURSDAY: (9/14) Stock cycles look lower for another day and probably also gold and we’ll be patient with this market. N. Korean missile move starting to show up again and that may create discomfort and market is too close to key numbers for any sane person to be buying. Crude now looks higher a few more days and we need to re-evaluate this market.Continue reading

Grains look lower on Thursday

FOR THURSDAY: (9/14) Grains look lower on Thursday and we hope the downside isn’t too much to prevent a recovery on Friday or into Sunday night. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans could reach up to 985 or 995.00. We need a freeze threat or some other amazing news for it to happen.Continue reading

S& P could run out of steam near 2500

FOR WEDNESDAY: (9/13) We continue to see lower gold and higher dollars into Wednesday and that should mean lower T-notes and higher stocks. Still, stocks look like they could run out of steam near 2500. Our prayers continue to go out to the new flood victims in Jacksonville, FL and in South Carolina. Continue to dig deep into your pocketbook and support those in need.Continue reading

Grains need freeze threat, other news boost

FOR WEDNESDAY: (9/13) The trade sold the bearish USDA report and then took it back as there’s nowhere to go and we’re not past freeze threats yet. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans could reach up to 985 or 995.00. We need a freeze threat or some other amazing news for it to happen.Continue reading

Still seeing lower gold, higher dollars into Wednesday

FOR TUESDAY: (9/12) We continue to see lower gold and higher dollars into Wednesday and that should mean lower T-notes and higher stocks. Still, stocks look like they could run out of steam and retrace a bit into Wednesday. Our prayers continue to go out to the new flood victims in Jacksonville, FL and in South Carolina. Continue to dig deep into your pocketbook and support those in need.Continue reading