Newsletter is published Sun-Thr evenings around 10:30 pm CST

UNDERSTANDING THE CYCLE CHARTS

Instruction for reading the cycle charts and indicators. Click Here

Ideally, you want to look for a turn in the cycles and at least two of more reversal signals happening at the same time.

Comments, Insights & News

• I have been xpecting a 8% to 12% correction in stock, but the cycles will be turning up within a few days.
• Did you know Jan 19th is officially National Popcorn day?
• We are going to see lower prices for Gold over the next few weeks.
• Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM Click Here

Follow me at: Twitter | FaceBook | StockTwits

LINKS

• Previous Forecasts Click Here
• Option Trades Click Here
• Mini Gann Reversal Indicator Click Here
• Bitcoin 5-Day Cycle Click Here
• Free Stuff Click Here

For trading 1/18/2021

https://money.cnn.com/data/fear-and-greed/

INO Evening Markets Report (INO.COM)

DOW

The Dow closed lower on Friday but were off session lows after President-elect Joe Biden announced a $1.9 trillion COVID-19 relief plan late-Thursday. Data also showed December retail sales fell for a third month in a row. A number of analysts are skeptical about the chances of Biden's fiscal package passing Congress intact. The high-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below last-Monday's low crossing at 29,881.82 would confirm that a short-term top has been posted. If the Dow extends this month's rally into uncharted territory, upside targets will be hard to project. First resistance is Thursday's high crossing at 31,223.78. Second resistance is unknown. First support is the 20-day moving average crossing at 30,569.74. Second support is the 50-day moving average crossing at 29,998.81.

GOLD

February gold closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this month's decline, November's low crossing at $1767.20 is the next downside target. Closes above the 20-day moving average crossing at $1882.30 would signal that a short-term low has been posted. First resistance is January's high crossing at $1962.50. Second resistance is November's high crossing at $1973.30. First support is Monday's low crossing at $1817.10. Second support is November's low crossing at $1767.20.

SILVER

March silver closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 24.365 would confirm that a short-term top has been posted. If March renews the rally off November's low, September's high crossing at 29.380 is the next upside target. First resistance is January's high crossing at 28.105. Second resistance is September's high crossing at 29.380. First support is Monday's low crossing at 24.365. Second support is the December 9th low crossing at 23.695.

CRUDE

March crude oil closed lower on Friday as fresh outbreaks of COVID-19 in China dulled the outlook for energy demand. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to lower prices are possible near-term. If March extends the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $57.64 is the next upside target. Closes below the 20-day moving average crossing at $49.93 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $53.94. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $57.64. First support is the 10-day moving average crossing at $51.61. Second support is the 20-day moving average crossing at $49.93.

NAT GAS

March Henry natural gas closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2.611 would signal that a short-term top has been posted. If March extends the rally off December's low, the November 30th high crossing at 2.910 is the next upside target. First resistance is Tuesday's high crossing at 2.835. Second resistance is the November 30th high crossing at 2.910. First support is the 20-day moving average crossing at 2.611. Second support is December's low crossing at 2.268.

US DOLLAR

The March Dollar closed higher on Friday as it extends the rally off last-Wednesday's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the December 21st high crossing at 90.95 are needed to confirm that a short-term low has been posted. If March renews the decline off September's high, monthly support crossing at 88.15 is the next downside target. First resistance is the December 21st reaction high crossing at 90.95. Second resistance is the 50-day moving average crossing at 91.04. First support is last-Wednesday's low crossing at 89.16. Second support is monthly support crossing at 88.15.

Things To Watch

• Bo Polny says DJIA will drop to 15,000.
• Charles Nenner is calling for a DJIA of $5000 in the latter part of 2021 or spring of 2022.
• Mars will be in Aries from June 27th 2020 to Jan 6th 2021. Strong chance of open conflict
• Charles Nenner expects a return of the virus in Oct. It should be much worse this time. Perhaps it will be a new virus.

Last Week's Matrix

Learn More: Previous Weekly Matrix with explanation.

** SUBSCRIBER'S ONLY SECTION **

Not a subscriber?

Sign up now!

Charts, Options and high probability trade setups.

Click Here

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.