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FUTURE OF NQ AND TECH? NQ is bouncing and futures will probably stall near 18862 and pullback a 200 points today. If you want to gamble on the debate on CPI for Wednesday, NQ is poised to get up to 19400 before the next setback. That is a countertrend trade as new lows will come […]

Gold is Far From Done to the Upside with Current Run Geopoltical cycles in September are tense and you can see it with Iran/Israel and Gaza but also Russia/Ukraine/Belarus and probably Taiwan and China will heat up. That should continue to support gold and the dollar issued a breakdown signal and could hit 99.50 and […]

STOCKS AND CRUDE OVERBOUGHT–WHAT’S NEXT? Stocks are on their 8th day up and are struggling early on and we have been looking for a pullback into Friday/Sunday.  We did let you know intraday that a pullback to cash 5400-5390 might be all we get and then we see higher stocks into the end of August […]

Gold–A Safe Haven? Given the current environment in the world, gold should come to life. Seasonally it often does better the middle of August and we are just waiting for the next crisis to hit and there are a number of cycles the week of August 11-19th for something to happen–whether Iran or something else. […]

When does the Next Shoe Drop? Monday’s crash in Japan that spilled over to the US is far from over. Usually when these larger corrections happen they can run 4-5 weeks. This week is a bounce and should allow us to get out of any remaining length and to get positioned into shorts. The week […]

BLOW-OFF PHASE FOR STOCKS COMPLETING BY MONDAY The surge in NQ this week was great and we had started to see it last  Friday and into the weekend but it is mostly APPLE and NVDA although Tesla is participating today.  RSP, which is the equal-weighted S & P is below the old high of 169 […]

THAT ELUSIVE STOCK MARKET TOP  While Dow Transports and Industrials gave early topping signals and Russell has been struggling, NQ and the S & P have not give it up yet. We are still friendly stocks for about a week until S & P cash hits 5400 and not in trouble unless S & P […]

SIGNS OF TOPPING STOCKS (5/30): DOW futures are still shedding and got down to 38140 overnight. S & P cash got to 5235 overnight which was closer to the minimum target of 5225-5220.  NQ held 18657 overnight on futures and is the only safe place that funds feel good about parking money—but for how much […]

MARKETS ON THE EDGE OF BIG MOVES: Crude has been warning us all week that it is tiring and hit 7689 overnight which is a more bearish signal but that the market has to take out 7500.   Silver again failed to break out overnight and take out 2790 and if so it may only go […]