Continue to favor short stocks until next week

FOR THURSDAY: (11/15) Thursday is a better chance for a bounce for stocks but bounces have been short-lived and get sold. We will continue to favor short stocks until next week. T-notes project 119.09 and gold and silver had minor breakout but need follow-through to confirm.Continue reading

Volatility likely to increase into Friday

FOR WEDNESDAY: (11/14) Volatility likely to increase into Friday and Nov. 25, and more of it looks bearish than bullish. Crude still needs to go to 4980 at some point and the S & P to 2600. Have to see how risk/reward sets in as we come to the morning.Continue reading

Tuesday should be best chance for stocks

FOR TUESDAY: (11/13) We looked closely at stocks cycles and most of them point lower into the Thanksgiving holiday and a few days afterwards into Nov. 27. We’re focusing on sales by Nov. 14 at the earliest. Dollar has a good chance to reach upper target of 9770 and 9825. Gold is a lower channel support and much under 1195 and timber will happen.Continue reading

Stocks cycles point mostly lower into Thanksgiving

FOR MONDAY: (11/12) We looked closely at stocks cycles and most of them point lower into the Thanksgiving holiday and a few days afterwards into Nov. 27. We’re focusing on sales by Nov. 14 at the earliest. Dollar has a good chance to reach upper target of 9694.Continue reading

S&P looks lower Friday

FOR FRIDAY: (11/9) End of a tense week. Stocks look lower and we should sell rallies on gold and silver, and crude should be done and start a recovery for at least a week.Continue reading

Stocks overbought but not done

FOR THURSDAY: (11/8) We always have a bit of paralysis before FOMC. Stocks are overbought but not done until 2863-66 or 2874 comes in. Logic suggests a recovery for the dollar to 9640-50 but will it hold? Gold isn’t acting well and we may throw out cycles, which are friendly into Friday, and assume it won’t take much to break this market.Continue reading

S&P close above 2755 confirms bullish pattern, cycles

FOR WEDNESDAY: (11/7) With absentee ballots and recounts, we may not get final result for a month but we will get a trend in the morning. Cycles are supportive for a surge overnight and this market will be impossible to play now and probably not in the morning either. As always, waiting on news and always too many surprises with this backdrop, and with the sell-off in gold and silver it seems the trade is banking on the dollar coming back.Continue reading

Bounce to S & P 2740 is a good place to be short

FOR MONDAY: (11/5) Not sure anyone can compete with the high-speed computers and on again, off again Tweets about China. We’ll continue to trade pattern and think that a bounce to S & P 2740 is a good place to be short into the election but that the could shoot out of there by the Fed and election results on Wednesday. This market isn’t for the faint-hearted. Who knows how many crazy tweets we’ll get over the weekend break. Starting to complete longer-term cycles into January and discussing them below.Continue reading

Stocks higher into Monday

FOR FRIDAY: (11/2) Employment report on Friday will be key and we’ll have to wait for the reaction and always volatile. In the end we think that stocks need to be higher into Monday so buy the dips.Continue reading