Comments and outlook for 02-16

Some red on the tape today - all 3 indexes.  We speculated with short cycles down this may happen.  Unsure if this is just a short term "blip" down or the start of something bigger.  Use care and keep your stops in place.

Tomorrow we start off with the short cycles down so we may get some continuation.  By afternoon the 2 shortest cycles turn up.  So we should see a down bias first half of the day and sideways the second half of the day based on the shorter cycles.  Of course, if today was the start of a bigger correction the entire day could be downward biased.


Here is the shorter cycles:

Gl traders.  Do your own analysis....