Most patterns on schedule

(2/19-20) With Europe and Asia open, market could still be pretty active by the Monday open. Most patterns are on schedule. We hate three-day weekends because by Tuesday morning, whatever has happened over the weekend usually gets faded and you have to be ready to take profits and go the other way. We’re clear enough about larger patterns and trends to stay out of trouble.Continue reading

Willing to sell key pattern completion on feeders

FOR TUESDAY: (2/20-21) Three-day weekends are tricky to trade. Grains are oversold and if they crash Monday night on bearish weather, they will have to bounce on Tuesday. Hogs look higher for a few days and have to wait for the dust to settle on cattle but seeing lower prices on Tuesday and willing to sell a key pattern completion on the feeders.Continue reading

Stocks show no signs of giving it up

(2/15) Stocks show no signs of giving it up and NQ patterns should keep us out of trouble and still need more upside. If the market can’t fall apart overnight, we may take partial profits on S&P shorts, as top-picking doesn’t work when you are fighting investment bankers. Dollar looks like it needs the slight new high and we would continue to add more gold.Continue reading

Wednesday may be the best day of the week for recovery

FOR WEDNESDAY: (2/15) Wednesday may be the best day of the week for meats and grains to recover and if we’re to get more shorts on, we will have to be patient another day. There is a larger cycle for grains that may be holding them up that peaks into next Tuesday and if the market can’t break down on Thursday, we may have to deal with it keeping the market up.Continue reading

Grains tiring at key resistance

FOR TUESDAY: (2/14) Cycles and technical signals look lower for meats a few more days. Grains are stubborn but seem like they are tiring at key resistance areas. Would still expect overbought conditions to lead to breaks this week. Will stay patient.Continue reading

FINANCIAL OVERVIEW FOR FEB. 13TH

FOR MONDAY: (2/13) No reports today.  Lately Mondays have been sloppy and sideways but cannot fight the trend in place with stocks which seem as if they want to go higher.  We do have a cluster of turning points for Sunday/Monday with at least a 2 week trend into Feb. 28th.   We are likely to get more reversal energy on Tuesday than Monday so let see how things sort out.

Friday may be a quiet day

FOR FRIDAY: (2/10) May be a quiet day. We’re open to continued optimism into Sunday night and perhaps bleeding into Monday but sometime early next week, we do expect trend reversals for the dollar and stocks and bonds and gold for at least 3 weeks.Continue reading