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

S & P couldn’t break key support

FOR MONDAY: (9/11) There’s little doubt that Florida will get hit by the hurricane at publication. Sometimes extreme gap downs on these events have nowhere to go but to recover and the S & P couldn’t break key support. The history of Hurricane Andrew in August 1992 had the US stock market down a week until Andrew dissipated into a tropical storm. Gold was higher. The dollar bottomed on the weekly chart a week after Hurricane Andrew was done. It looked like bonds remained bid for a few weeks after the hurricane.Continue reading

Still expecting higher grains into Monday/Tuesday

FOR MONDAY: (9/11) We still expect higher prices into Monday/Tuesday for grains. Have to start selling cattle and the market looks lower all of next week, and this week’s rally has been a gift. Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.Continue reading

Open to panic selling coming next few days

FOR FRIDAY: (9/8) Buy the rumor, sell the fact. Thinking that if stocks sell off into the weekend and gold is also higher and the dollar lower, then whatever happens over the weekend will have nowhere to go and the markets will rebound. Cycles turn a bit more depressing and pessimistic the next few days and that may lead to more major selling of stocks. Open to panic selling coming the next few days unless the Plunge Protection team can absorb it.Continue reading

Patterns suggest higher grain prices into Tuesday

FOR FRIDAY: (9/8) Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.Continue reading

Cycles lower next few days

FOR THURSDAY: (9/7) Buy the rumor, sell the fact. Thinking that if stocks sell off into the weekend and also gold is higher and the dollar lower then whatever happens over the weekend will have nowhere to go and the markets will rebound. Cycles turn a bit more depressing and pessimistic the next few days and that may lead to more major selling of stocks. Weird Wally Thursday now as we move to Stock index rollover. Many traders rollover on Friday now but we’ll go with Thursday as we’re interested in a 2-day short for stocks at least. Open to panic selling coming the next few days unless the Plunge Protection team can absorb it.Continue reading

Have to be patient chasing grains

FOR THURSDAY: (9/7) Impact for Southeastern US harvest will push prices up into the USDA report so we can buy dips but have to pick your spots carefully. We missed getting into beans and they will be hard to chase now. Have to be patient chasing any grains. Cattle up at least one more day with struggling hogs up into Friday but also struggling a bit and cycles turn a bit weaker.Continue reading

Markets illogical; news volatile

FOR WEDNESDAY: (9/6) Markets can be illogical and that could always happen on Wednesday. Too much background noise with a Category 5 hurricane heading for Florida –and hopefully swerving out to sea or going other places. Still, it’s rather unnerving and at the same time N. Korea is moving missiles around getting ready for another launch by Sept. 9. Still, markets are illogical with wildfires in Oregon and flooding in Houston are forgotten when you can push your stock portfolio higher. We did have contract rollover coming also.Continue reading

Still see a recovery for meats this week

FOR WEDNESDAY: (9/6) We ‘ve been thinking early frost this year because of a very cool August and now parts of western NE may experience it on Wednesday and that could spook the market more. While the hurricane’s path is unknown, damage to orange groves is likely and those hurricane remnants may hurt Southern harvest. Given a very oversold grains, there’s reason to have short-covering. We still see a recovery for meats this week.Continue reading