Category: Financial Markets Update

FOR FRIDAY: (8/10) New research suggests lower stocks for Friday and higher gold for Friday and Sunday but much of next week, gold looks lower. Geopolitical tensions should be strong over the weekend, and that would incline us to expect surprises into the Sunday night session and to not be too aggressively positioned. The following countries are on the sensitize news zone: China, UK, Argentina, Turkey, India and Israel.Continue reading

FOR THURSDAY: (8/9) Not sure what the market is waiting for or why it may retrace on Thursday but it’s acting a bit tippy, and heavy and let’s see how much it comes off.Continue reading

FOR WEDNESDAY: (8/8) Wednesday is a volatile transition day. We could see wild continuations of the trend followed by sudden reversals that continue into Thursday. Not seeing major crash energy so just think pullbacks are needed on current moves so far this week.Continue reading

FOR TUESDAY: (8/7) Cycles were optimistic today and the biggest geopolitical surprise was an assassination attempt by a drone on Venezuelan President Maduro. There are still more surprises coming, and the Pound is falling sharply as fears for no Brexit deal in Britain’s ugly divorce case aren’t going anywhere. Dollar recovered and seems likely to breakout above 9550 or a major breakout with the pound falling and the Euro needing to fall.Continue reading

FOR MONDAY: (8/6) Cycles this week should be filled with geopolitical surprises, potential earthquakes and war tensions but not sure the stock market will care but it could impact oil and the dollar. Stay on top of news this week.Continue reading

FOR FRIDAY: (8/3) Tim Cook saved the world with the APPLE stock buy back as APPLE became the first trillion-dollar company. The day was a bit of a game changer and cycle highs for stocks and a secondary high now suggest Tuesday and we have to see where it lands. That means gold could break to 1170 and silver to 1480 into the end of next week. Dollar close to a breakout but it does not go without cycles. War tensions with war games into the weekend is a bit disturbing and it will be hard to take stuff home as US tensions may also be intense.Continue reading

FOR THURSDAY: (8/2) Not sure we missed much with FOMC. Statement was hawkish but markets weren’t too volatile and stayed within some key ranges we had seen earlier in the day. Some patterns weren’t completed to the downside, as was the case with gold and silver. Odd day. We’ll continue to wait for patterns to be completed.Continue reading

FOR WEDNESDAY: (8/1) Another FOMC day. Our cycle works points to a negative reaction for stocks but always a gamble as there are often surprises. Gold and silver may make divergent lows and set up buys and T-notes look higher into Friday even if we get a spike low first. One more new low on stocks Wednesday, might set up a 3 wave bounce on Thursday from oversold conditions.Continue reading

FOR TUESDAY: (7/31) Trade waiting on FOMC but should stocks should start short-covering here and sometimes you get 20-30 points on these short-covering moves. Still, buying is countertrend. Starting to work on set-ups for August but have to deal with first of the month craziness and knee-jerk reactions on Wednesday as well as profit-taking and positioning at the end July and first of August.Continue reading

FOR MONDAY: (7/30) The Monday before FOMC is often a cycle low for stocks and then they short-cover to be flat or long into the announcement. While we expect a bearish reaction to FOMC on Wednesday, we’re not likely to be able to handle the huge bounces that often happen around FOMC and will have to stay short. We completed most of our Aug. and Sept. research and it is included below. Hard to see time and patterns that will allow a new high on the S & P until we get through Sept. seasonal lows.Continue reading