Category: Financial Markets Update

FOR THURSDAY: (8/10) Cycles are less volatile Thursday/Friday so we’ll give a chance for secondary high to come in on stocks. Still, at some point, the tension is going to escalate with North Korea into Aug. 21-26 and the cycles remind me of the Gulf War in 1990 where the markets fell and then we won big and everything reversed sharply. Possible scenario into next week.Continue reading

FOR WEDNESDAY: (8/9) Trade upset by more saber-rattling with North Korea and given an intensification of cycles into Aug. 26-27 around this, not sure it will end well. Stock market had Bradley turn for Wednesday. The market didn’t fall enough to confirm a reversal but the continued low-volume and tiring action will lead to profit-taking and something more formidable to the downside probably starting on Aug. 15-16 into Aug. 21. Markets may get a bit unhinged by North Korea so the easy trading may be ending but some traders like volatility so it will come Aug. 15-31.Continue reading

FOR TUESDAY: (8/8) Mondays rarely tell us much, as everyone is still at the beach but they do start coming back by Monday night so we could complete some patterns by the morning. We have a lot of mixed cycles with topping stocks, lower bonds, higher dollars and retracing gold this week.Continue reading

FOR MONDAY: (8/7) Mondays continue to be doggy with a long holiday weekend for many. We have completed research for the next 3 months and published our new Fortucast Financial Visions issue, and some of our thoughts are included below. This is a transition week for stocks and we see a cycle low into Aug. 21 but it still may not be the final low of the summer. Dollar and gold need to retrace overdone conditions from the past week. T-notes probably had a game-changer report and we can be short most of the month.Continue reading

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FOR THURSDAY: (8/3) Not expecting much on Thursday although stock cycles are positive into Friday and gold seems lower Friday and the dollar higher on Friday. Dollar seems lower next week. Oil is buy by late Thursday or early Friday.Continue reading

FOR WEDNESDAY: (8/2) Cycles for today offer the best chance for stocks to retreat if DOW mania and APPLE to 1000 don’t take over. The rest of the markets are usually congestive into employment report but at the moment it looks like gold and silver are lower on Friday and the dollar higher and T-notes lower and stocks higher.Continue reading

FOR TUESDAY: (8/1) First-of-the-month volatility is likely, as we often get larger-range days the 1st day of the week before employment report. Sometimes we can get a 20-30 point range in the S & P but then again the VIX is so low we would be thrilled to get 15. Dollar breaking down isn’t letting us in and gold and silver seem bid this week so maybe not the congestion we are used to.Continue reading

FOR MONDAY: (7/31) We crunched data for August and September and have some results below. Monday is end of the month fund profit-taking and rollover on August gold and more sluggish post-vacation energy. Even if we’re worried about end of the month profit-taking on stocks, cycles seem positive enough for some buying with Tuesday/Wednesday having a better chance to fall.Continue reading

FOR FRIDAY: (7/28) Lately everyone heads for the beach on Fridays but maybe after they see GDP and Mich Sentiment. Despite some minor fireworks on Thursday, we’re not expecting them to continue on Friday and expect a congestive day.Continue reading