FOR WEDNESDAY: (6/28) Cycles are very volatile the next few days and could produce V-top and bottom reversals with strong movement and you can get a glimpse of how energized the markets were from Tuesday and hit will continue a few more days so be careful. We do think that the markets will retrace Tuesday’s movements so stocks should come back to life and probably in a big way. Dollar is due for a bounce and gold and silver look lower a few days now and probably into Sunday.Continue reading
Grains lower into Sunday, cattle in trouble
FOR WEDNESDAY : (6/28) We’re going to start selling more Dec. corn and Nov. beans as a fall into Sunday night seems pretty clear and the bounce may have worked out oversold conditions. Cattle are in trouble and can be sold and also hogs. Cycles are very volatile so watch markets carefully the next few days. Grains close an hour early on Monday before the holiday and don’t reopen until July 5 at 8:30 am so we don’t have to deal with night session during fireworks on July 4th.Continue reading
Stocks may open lower
FOR TUESDAY: (6/27) Stocks may open lower based on NQ patterns and projections but still look like they will come back into Thursday. Gold and silver completed key patterns earlier than we expected but may retest them and those markets aren’t done until later in July. Dollar could come still off another day.Continue reading
Can wheat continue to lift corn, beans?
FOR TUESDAY : (6/27) Not sure if wheat will pull the rest of the complex up but we would like to see lower grains before taking more profits off. We have to roll out of July soon and into Nov. beans and Dec. corn anyways and will pull some profits off so we can rollover.Continue reading
Lows for the dollar this week
(6/26) At publication on Saturday, there doesn’t seem to be enough earth-shattering movement to take stocks sharply lower and some positive cycles for stocks kick in the next few weeks, which means that business is happening as usual. There’s a cycle for stocks that usually creates aggressive buy-out bids or takeovers so we wonder if something bigger than Amazon/Whole Foods will happen this week. Meanwhile, approaching summer doldrums and seeing lows for the dollar this week and a recovery next week and oil still in trouble for a few more days.Continue reading
Cattle oversold
FOR MONDAY: (6/26) Would expect a climax in lower prices for grains by Sunday night/Monday and then some short-covering into the report or at least a bounce into Wednesday. Time to take partial profits but just not looking good for a positive report on Friday or into a July 3 cycle. Cattle on Feed report wasn’t great but market is rather overdone so maybe the upper pattern bounce will come in from oversold conditions.Continue reading
Volatile cycle may be felt more on Sunday
FOR FRIDAY: (6/23) Thinking that summer doldrums are hitting and that the market may crawl into the weekend. There is a volatile cycle but it may be felt more on Sunday. For now, markets are tiring but still some room for movement for lower gold and silver and a few other markets.Continue reading
Cattle overdone ahead of COF
FOR FRIDAY: (6/23) Always nice to take profits before weekend and livestock reports. Possible that a final push down by Sunday or early Monday will be followed by a bounce going into the USDA report next week. In the end the crop looks good and rains and coolness will continue to be supportive. Market overdone for cattle on feed report. We still need to crunch next week’s meat cycles.Continue reading
Stocks should still be sold into Sunday night
(6/22) Crude is still falling apart and everyone has to be a bit nervous with US and Russian planes buzzing each other in a show of ego. We have to really be concerned about our leadership and military when these kinds of games happen. On the bright side, there’s an olive branch from North Korea that will probably be stepped on by the US and cycles for July don’t look great for their leader. Stocks should still be sold into Sunday night but may recover next week. We’re not seeing any signs of a meltdown.Continue reading
Continue to expect grain weakness
FOR THURSDAY: (6/22) We would continue to expect grain weakness but keep an eye on European weather and how much rain hits the Delta in case short-covering comes out of nowhere. Short-covering likely by Friday before the COF report also.Continue reading