One More Pullback for Energy Next Week

One More Pullback for Energy Next Week

Crude oil held up well and the May contract is not likely to take out 7700 and still has weak cycles next week and possibly a few days into the following week.  The more ideal pattern would suggest a strong sell-off to 6250 but that may not be realistic unless there is some huge event.  We are more interested in buying that pullback and looking for higher prices into June.  The ETFs USO and XLE and XOP should also pull back and set up nice buys.

Natural gas futures need one more low to 1.80 on the May contract to put in a major bottom.  We see higher natural gas from this low into the Year 2025 and it may get up to 13.50-14.50.  The ETF, UNG, is also very oversold and worth buying when Natural Gas bottoms.

Stay in touch with our latest thinking daily with the Fortucast Financial Timer and the Fortucast ETF timer.  One Month trials is 97.00.

-Barry 

So why wait? Subscribe to our financial market reports today at https://fortucast.com/market-reports/financial#plans and start making informed investment decisions with the guidance of Barry Rosen and the Fortucast team. Don’t miss out on the opportunity to profit from the current crude oil market conditions.”

Email support@fortucast.com for one Free Financial sample timer. 

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

When is the next gold entry?

When is the next gold entry?
Gold is far from done and still has cycle highs into early May and larger cycles are supportive into 2024.   The market is currently in a pullback situation and will be set up for the next advance.  Where is the best entry and when will it be?  Cycles are volatile this week and we might do a fake-out new high to 2058 and then still retrace from there.  Stay on top of this exciting market and find out how to trade it with ETFs like GLD or gold miners stocks in the ETF GDX.   Stay in touch with the Fortucast Financial Timer or the Fortucast ETF timer.  1 month’s trial is 97.00.

-Barry 

So why wait? Subscribe to our financial market reports today at https://fortucast.com/market-reports/financial#plans and start making informed investment decisions with the guidance of Barry Rosen and the Fortucast team. Don’t miss out on the opportunity to profit from the current crude oil market conditions.”

Email support@fortucast.com for one Free Financial sample timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

Finally a Break for Crude Oil Inflation

Finally a Break for Crude Oil Inflation

“Are you looking for a break in crude oil inflation? Our expert analyst and trader, Barry Rosen, says it’s time to pay attention to the crude oil market. According to Barry, crude has broken key levels and is projecting a bearish trend in the coming weeks.

Cycle lows are expected to dominate into late March and the first few weeks of April. The ETF’s for oil are vulnerable with this drop, so both USO and XLE for oil stocks are not yet done. The good news is, with Fortucast’s financial market reports, you can stay on top of daily developments and find out how to take advantage of these moves.

Barry has been a trusted voice in the financial industry for over 30 years, providing accurate and timely predictions for traders and investors. With Fortucast’s financial market reports, you’ll have access to his insights and strategies, as well as the perspectives of our team of expert analysts.

So why wait? Subscribe to our financial market reports today at https://fortucast.com/market-reports/financial#plans and start making informed investment decisions with the guidance of Barry Rosen and the Fortucast team. Don’t miss out on the opportunity to profit from the current crude oil market conditions.”

Email support@fortucast.com for one Free Financial sample timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

Powell Throws a Wrench into the Markets

Ready to Launch?

Powell Throws a Wrench into the Markets

It turns out that retracements that the highs we were seeing for many markets into Friday are now retracement highs as the action for Tuesday’s low were too impulsive to the downside.  With the higher dollar due to a perceived 50 bps hike.

  • Patterns on March futures in the S & P  suggest a 3-wave recovery to 4045 and then the market will start heading lower.
  • Many commodities tanked and gold and silver, and platinum still have much more time and room to fall now.
  • The Dollar could get to 111.00 to 113.00.

So how far lower are these markets going?  When will it end?  Stay on top of our short-term and long-term forecasts with Fortucast Market Timers.  One-month trials for the financial or ETF timers are only 97.00.   Exciting moves ahead!

-Barry

Email support@fortucast.com for one Free Financial sample timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

Ready to Launch?

Ready to Launch?

  • The stock market has put in some positive divergences and the MACD is turning up.
  • Needing NQ 100 futures to take out 12210 and then we can start a recovery rally next week.
  • S & P cash is holding up and could be at 4077 next week.
  • Usually, the week before FOMC is lower and it will be hard for the stock market to hold up past March 13th.   What lies ahead after FOMC?

-Barry

Stay on top of specific entries and exits for the next explosive moves on these markets into early March.   Get a trial for the Fortucast ETF timer or the Fortucast Financial timer for 97/month on our introductory trial.

Email support@fortucast.com for one Free Financial sample timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

Markets on the Edge–Cycle lows just about here.

Markets on the Edge–Cycle lows are just about here.

We found a commodity cycle on Wednesday which tends to create cycle lows and it is due to complete over the weekend. 
Tuesday’s fake-out on metals is leading to new lows.

April Gold projects 1804 and
March silver may get to max. 2060.  
Oil continues to look promising for a bounce to 8220-8320 and oil products had cycle lows this week.
Natural gas has put in a bottom and has a short-term target of 2.85-88 and that makes UNG a good long-term investment on the ETF front.  We do see a number of rubber band bounces for commodities coming here. 
Grains also issued a major sell signal and do not have a cycle low until April.  
The stock market is also on the edge here at publication.

Stay on top of specific entries and exits for the next explosive moves on these markets into early March.   Get a trial for the Fortucast ETF timer or the Fortucast Financial timer for 97/month on our introductory trial.

Email support@fortucast.com for one Free Financial sample timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

Markets in Transition

We have had nice retracements in stocks and metals and they have reached very oversold conditions. There is a very expansive cycle into next week that should create a sharp rubber-band reaction and recovery in tech, metals, and energy.

It may be short-lived but it should have a great deal of power and create interest in buying again before the market goes into limbo for the next FOMC meeting on March 22nd.

Tesla finally hit a pullback to 192 and should have one more strong move up.

Today the FOMC minutes come out at 2 pm Central and should cause movement out of the current malaise. Cycles suggest it should be positive and then it would continue into later in the week.

Stay on top of specific entries and exits for the next explosive moves on these markets into early March.   Get a trial for the Fortucast ETF timer or the Fortucast Financial timer for 97/month on our introductory trial.

Email support@fortucast.com for one free sample timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

AHEAD THIS WEEK IN THE FINANCIAL MARKETS.

Three-day weekends often end up being important turning points.
As always, three-day weekends are tricky and we have to go with the patterns.  Action on Sunday night and Monday morning may not mean much.  Cycles for stocks look strongly lower on Tuesday even if we get a bounce on Monday.  We are getting close to a strong two-week rally. 
 
1) Bitcoin should recover with NQ into early March even if it is down on Tuesday.  

2) Gold and silver’s strong rally at the end of the day on Friday in 5 waves is the start of confirmation of a temporary low and a rally into March 1-2nd.  We expect that this is just a B wave and retracement of the recent declines and that further declines will follow after a 2-3 week rally. .  

3) Crude oil and products are also due for a bottom here and would at least give us a 2-week rally.  

 4) T-notes have put in a minimum pullback and have to hold above 111.08 to negate a weekly chart sell signal but TLT, the ETF for lower rates may find support at 100.62.  

5) Natural gas is closer to a major weekly chart low. 

6) Copper is due for recovery into Wednesday. 

7) The dollar is due for a two-week correction but we have to stay open to coming from better levels up to 104.85 or 105.00. 

Stay on top of specific entries and exits for the next explosive moves on these markets into early March.   Get a trial for the Fortucast ETF timer or the Fortucast Financial timer for 97/month on our introductory trial. 

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

When are current corrections in metals and stocks over?

When are current corrections in metals and stocks over?
The stock market issued a more definitive minor sell signal on Thursday when the S & P cash took out 4075 and it should go at least to 3960.
We have been looking for a correction.  
NQ issued a sell signal when futures took out 12400.  
When will the next buy come in? 
Will the stock market take out the recent high? 

Gold has dumped big time with silver since after the FOMC meeting and the recovery of the dollar.
Does it have a chance for a new high or bounce?
  Is the dollar back in the saddle? 

What are the best ETF sectors to make money on during the upcoming year which is not going into the bull that the first month of January suggested?  

Stay on top of our daily updates with Fortucast Market Timers and the Fortucast ETF timer.

Financial Market Timer

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month

Game-Changer Day for Financials with Employment Data.

GAME-CHANGER DAY FOR THE FINANCIALS?

With the wild employment news this morning and the acceleration in the dollar confirming a low for a few weeks and possibly 2-3 months and the start of a rally to 105.50 and 107.00, we have to pay attention. The meltdown in metals is not done as cycle lows dominate into mid-month. How far will gold and silver retrace?

T-notes are tanking, we are confirming our time window for temporary reversals and they had been due here.   Cycle highs for rates go into April so there is plenty of room to fall with weakness a few weeks. How bad will it get?

Copper continues to sink with key support at 4.00 and then 3.93 and the technical reversal is in there. Natural gas continues to ignore arctic blasts and new lows on the charts to 2.03 still have time to come in.

How about stocks?  Can they withstand higher bonds and a higher dollar for long?  What kind of corrections are coming?  Will profit-taking hit Tesla and at what level?

Stay on top of all these major reversals with the Fortucast Financial and ETF timers.  One month trials for 97.00.

Stay on top of new entries for metals with the Fortucast Financials Timer or the Fortucast ETF timer.  A one-month trial is only 97.00.

Financial Market Timer

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

Click here to view on our website
Click here to see our blog and other great products. 

Try it for one month