Corn and beans put in minimum pattern completions

FOR FRIDAY: (8/4) Corn and beans put in minimum pattern completions and don’t have to go lower. Wheat is a more ideal buy at 451 and got close and it could hit overnight. Cycles look sideways to higher for grains on Friday and may hold up on Sunday. Next week looks lower. We looked at the last 3 Augusts and they bucked the seasonal pattern to rally in August, which means we can’t count on it. Current swings suggest Aug. 7 high, Aug.11 low, Aug. 22 high. Not sure what to do with crazy meats but have to be patient now at overbought conditions.Continue reading

Gold seems lower Friday

FOR THURSDAY: (8/3) Not expecting much on Thursday although stock cycles are positive into Friday and gold seems lower Friday and the dollar higher on Friday. Dollar seems lower next week. Oil is buy by late Thursday or early Friday.Continue reading

Cycles for today offer the best chance for stocks to retreat

FOR WEDNESDAY: (8/2) Cycles for today offer the best chance for stocks to retreat if DOW mania and APPLE to 1000 don’t take over. The rest of the markets are usually congestive into employment report but at the moment it looks like gold and silver are lower on Friday and the dollar higher and T-notes lower and stocks higher.Continue reading

Grains may still correct for a day

FOR WEDNESDAY: (8/2) Tuesday was a very exhausting and frustrating day as the market finally gave it up and we missed the boat and were bottom-picking. We still may be correct and off a day but will be patient and see what develops by morning. Countertrend buys do not need to be rushed into.
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First-of-the-month volatility likely

FOR TUESDAY: (8/1) First-of-the-month volatility is likely, as we often get larger-range days the 1st day of the week before employment report. Sometimes we can get a 20-30 point range in the S & P but then again the VIX is so low we would be thrilled to get 15. Dollar breaking down isn’t letting us in and gold and silver seem bid this week so maybe not the congestion we are used to.Continue reading

Looking to buy beans

FOR TUESDAY: (8/1) While speculators can have a bias toward being long grains into Thursday with seasonal patterns and cycles, there’s no reason to step in early. We probably can buy any weakness tonight or wait to buy with the funds on Tuesday. This is just an oversold play but patterns and confirmations for buys on beans from last week have us leaning that way. Corn and wheat have not confirmed and we would love to see lower prices and an exhaustion there for buys to set in.Continue reading

Cycles seem positive enough for some buying

FOR MONDAY: (7/31) We crunched data for August and September and have some results below. Monday is end of the month fund profit-taking and rollover on August gold and more sluggish post-vacation energy. Even if we’re worried about end of the month profit-taking on stocks, cycles seem positive enough for some buying with Tuesday/Wednesday having a better chance to fall.Continue reading

Beans have completed enough downside to negate new sales

FOR MONDAY: (7/31) Beans have completed enough downside to negate new sales. We have to think that could bleed into corn and even if we want to see lower prices to 355 on Dec. corn, we probably have to get through a congestive week of choppy action and not sure when it will break. We often get these 3-week, doggy August rallies in tight ranges. Beans are a clearer buy with the pattern completion if you have to be long. Will let the weekend weather news and dust settle out.Continue reading

Expecting a congestive day Friday

FOR FRIDAY: (7/28) Lately everyone heads for the beach on Fridays but maybe after they see GDP and Mich Sentiment. Despite some minor fireworks on Thursday, we’re not expecting them to continue on Friday and expect a congestive day.Continue reading