FOR TUESDAY: (7/12) Cycles may turn more volatile on Tuesday with Tuesday/Wednesday having the best chance for lower stocks–and if we don’t get anything or much, we’ll know how strong this market is and we shouldn’t fight the trend or the primary 6-week cycle higher.

Treasury auction not going well at the moment and that may keep us from nibbling on longs. We do like long gold the rest of the week and short crude and long dollars the rest of the week.

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