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Midweek Market Update

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Crude Oil – Headed Lower

An excerpt from this past weekend member report. 

Ordinarily, Crude should currently be screaming higher. The Dollar is down sharply, and equities have been on a tear.  Yet, Crude has struggled to hold recent gains while risk markets have exploded upward. This is not a positive development for Crude’s upside. 

I believe the weakness in this Daily Cycle foreshadows what lies directly ahead. As Crude continues to knock on the lower resistance area around the $100-$102 level, it is threatening a fall through that floor.  Because the current Daily Cycle has already failed, a continued decline into a Daily Cycle Low is a fairly sure thing. The Investor Cycle is 27 weeks deep, well into its final decline into an Investor Cycle Low. As both the Daily and Investor Cycles are in decline, I firmly expect a break-down below $100 to begin next week.   

10-19 Crude DailyCrude is the most important of all raw materials, so whenever the economy is doing well, higher demand generally drives higher Crude prices. But the world economy is not growing, at least not at a meaningful rate. So demand should remain slack at a time when supply is concurrently increasing. Demand and supply do not impact day-to-day price swings significantly, but they do impact the longer term Cycles.     

At 27 weeks, the current Investor Cycle is running long. It’s also approaching oversold levels, so the current Daily Cycle is almost certainly going to be the last of the current Investor Cycle. Crude has another 20+ days to find its next major low, more than enough time for a volatile asset to fall significantly.  A move of $10-$15 in just 4 weeks may sound implausible, but prior Investor Cycle’s highlight just how capable Crude is of large moves.

10-19 Crude Weekly

The Financial Tap publishes two member reports per week, a weekly premium report and a midweek market update report.  The reports cover the movements and trading opportunities of the Gold, S&P, Oil, and $USD Cycles.  Along with these reports, members enjoy access to three different portfolios and trade alerts.  As these portfolios trade on varying timeframes (from days, weeks, to months), there is a portfolio to suit all member preferences.

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Daily Cycle Trader

The Daily Cycle Trader portfolio went live 3 months ago and we’ve now closed out the first quarter.  It’s been a hugely successful launch to this portfolio and I wanted to share some of the specific results of the portfolio with you:

Total Portfolio Return (3 months): 15.56% 

Total Trades:  26

Winning Trades:  16

Winning Trade %:  61.5%

Avg Winning Trade Profit: 6.4%

Avg Losing Trade Loss: -3.1%

The Daily Cycle Trader portfolio is a consolidation of our shortest duration trades. With the Daily Cycle Trader, we expect to trade at Daily Cycle highs and lows. These Cycles generally occur every 18-25 days, so there will be relatively frequent trading. Daily Cycle trades will generally utilize ETFs and leveraged ETFs. 

SPECIAL OFFER: If you would like to take advantage of this new Portfolio, please consider a membership; we now have Monthly, Quarterly, and Yearly options.  To celebrate the launch of this new portfolio, we’re offering a $28.95 off coupon which could be used against any of the membership options.  Apply it to a monthly membership, making the first month just $1.  Or use it against our already discounted Quarterly and Yearly memberships. 

To sign up, go to:

Membership Page

Use COUPON CODE:  Trader   (code is case sensitive).  This will drop the price by $28.95.

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