Grains could hold up until Monday

FOR FRIDAY: (10/12) We got our oversold bounce on grains, as the report estimates came in not as badly as expected. Grains could hold up until Monday. Still, we’re going into a harvest weekend and rains are diminishing but how much can fields dry out? Some of the cycles point higher into Monday but we’ll…


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S&P cash patterns suggest rubber-band bounce to 2880

FOR THURSDAY: (10/11) Usually when the US spills, China and Europe follow overnight and then it snowballs for the US in the morning. We still sense that the market can recover out of this mess but have to leave it alone overnight and see what develops. A fall pullback for stocks would be healthy, and…


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Beans have issued a sell signal

FOR THURSDAY: (10/11) We have a negative reaction due for grains for Thursday but they are rather oversold already and harder to chase, and the market should recover off of any dips on Thursday. Cattle due for a bounce and will stick with hog shorts for Thursday.


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S&P didn’t breakout enough to confirm it’s done

FOR WEDNESDAY: (10/10) We have been hopeful for a recovery for a few days or a week and so far, we have only secondary lows and not new lows but much under 2860 on S & P cash and we will fall another rung. We missed Hurricane Michael in the news until late and that…


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Our bias: a negative reaction to WASDE

FOR WEDNESDAY: (10/10) There are more cycle lows than highs this week, and we do have Thursday’s USDA report, which looks like it will come in as a cycle low. Usually safer to sell key number and pattern completions, which is 372 on Dec. corn. Not sure we’ll get it. Cattle still in trouble, as…


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Still open to selling pattern completion on corn

FOR TUESDAY: (10/9) There are more cycle lows than highs this week, and we do have Thursday’s USDA report, which looks like it will come in as a cycle low. Weekly reports are delayed until 3 pm Tuesday because of Columbus Day. Thinking that action may be too sickly this week to make money but…


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Crude oil looks mostly lower next week

FOR MONDAY: (10/8) Quasi-Holiday with Columbus Day and a banking holiday, and cash bonds and currencies are closed in the US. If stocks don’t crash on Sunday or early Monday, we have a bias for a recovery. We have both the dollar and gold higher next week and think the dollar be the correct one…


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S&P looks lower into Friday

FOR FRIDAY: (10/5) Cycles for overnight and into the employment report are edgy, and the S & P could quickly fall to 2884-5. Still, a violent recovery could happen next week so the surprise may be another bear trap. We’re in topping territory but these markets rarely do V-tops. Lower T-notes on tap and higher…


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