Volatile cycles next few days

(2/22) FOMC minutes is the big report on Wednesday and not sure the market cares too much about it or a hawkish bent. Cycles are a bit more volatile the next few days so we’ll have to see what manifests; the weekend congestion should be over and followed by new movement.Continue reading

S & P projects 2354 on futures

(2/21) Not much to add to our Friday night update. Most patterns are on schedule. We hate three-day weekends because by Tuesday morning, whatever has happened over the weekend usually gets faded and you have to be ready to take profits and go the other way. We’re clear enough about larger patterns and trends to stay out of trouble.Continue reading

Most patterns on schedule

(2/19-20) With Europe and Asia open, market could still be pretty active by the Monday open. Most patterns are on schedule. We hate three-day weekends because by Tuesday morning, whatever has happened over the weekend usually gets faded and you have to be ready to take profits and go the other way. We’re clear enough about larger patterns and trends to stay out of trouble.Continue reading

Stocks show no signs of giving it up

(2/15) Stocks show no signs of giving it up and NQ patterns should keep us out of trouble and still need more upside. If the market can’t fall apart overnight, we may take partial profits on S&P shorts, as top-picking doesn’t work when you are fighting investment bankers. Dollar looks like it needs the slight new high and we would continue to add more gold.Continue reading

FINANCIAL OVERVIEW FOR FEB. 13TH

FOR MONDAY: (2/13) No reports today.  Lately Mondays have been sloppy and sideways but cannot fight the trend in place with stocks which seem as if they want to go higher.  We do have a cluster of turning points for Sunday/Monday with at least a 2 week trend into Feb. 28th.   We are likely to get more reversal energy on Tuesday than Monday so let see how things sort out.

Friday may be a quiet day

FOR FRIDAY: (2/10) May be a quiet day. We’re open to continued optimism into Sunday night and perhaps bleeding into Monday but sometime early next week, we do expect trend reversals for the dollar and stocks and bonds and gold for at least 3 weeks.Continue reading

Stocks still look higher for a few days

FOR THURSDAY: (2/9) Stocks still look higher for a few days for a divergent cycle high and there’s no reason to top-pick. The dollar also looks higher although not thrilled with the late break today. There’s a cluster of cycles over the weekend that might finally create a temporary cycle high for stocks and the dollar and T-notes and start them lower into Feb. 28, and we’re focusing on doing that play starting Sunday.Continue reading