Metals Have Key Cycle low for Wednesday

Gold

KEY METALS BUY SETTING UP FOR WEDNESDAY

The CPI is due on on Wednesday and we think it will be inflationary. Metals actually do not like inflation.  That may give metals one last push lower and gold is close to

When China Sneezes

When China Sneezes

Fitch put China on a warning to downgrade their debt and that is a huge warning to the world.  I remember when China had major problems in 1998 and it how it impacted the US stock market.  …

The Last Bulls That Will Be Standing

THE LAST BULLS STANDING

The stock market is tiring and many indices have fallen in five waves suggesting that from a late August low,  a bounce in September may be the last bull bounce.  We have outlined many ugly background …

FIRST STOCK MARKET SWING LOW DUE TODAY, AUGUST 9TH

FIRST PART OF STOCK MARKET CORRECTION LOW DUE TODAY

The first part of the correction on the stock market is due to be over today.  NQ broke and projects 15061 on NQ futures.

Watching a minimum of 4455 on S

Smoke and Mirrors from the Employment Report

SMOKE AND MIRRORS IN THE EMPLOYMENT REPORT:

Stock indices went right up to the breakout point on Friday at 4560 on S & P futures  and had a weak close. We have had a bias that this market would break

July Astro-Finance–The Rockets may Pause

ASTRO-FINANCE FOR JULY 2023
By Barry Rosen
The US survived the debt ceiling crisis and kicked the can down the road past
the 2024 elections. What’s another 2 trillion dollars in debt? The military-industrial
complex is enjoying its spoils as …

Stock Market Running Out of Steam

Stock Market

Getting Ready for Last Stock Market Lift-off

The first set of cycle highs for the stock market is due early next week and we are starting to think the S & P cash will not get to 4200 and the

Crude Oil In Trouble

Crude Oil

Crude oil in Trouble

Crude violated a key support zone this morning at 7600 and the break should mean a move to 6905.  Recessionary fears are up.  We cannot get too bearish as we move into the driving season and

Where is gold headed?

Gold

 

Where is Gold headed?
Gold has to take out 2008 to issue a sell signal and then the max. a pullback would be to 1940 or 1923.  It is very overbought.  Cycles would give it a chance to hold