Markets Unraveling to Inflict Maximum Pain Our Friday morning trading plan wrote: “If you went short on that lack of detail and against what our models have been consistently indicating, you may be spooked by the continued apparent strength of the bulls”. That spooky story is extending into this week, with strong gains in overnight (more…)

Tight Spiky Range Turned Spooky? Overnight futures have continued accumulating gains on top of yesterday’s spike up on Trump’s pumping up of the “Phase-1” (aka, diluted) China trade deal that was light on detail. If you went short on that lack of detail and against what our models have been consistently indicating, you may be (more…)

Tight Range, Spiky Today’s weekly jobless claims number may raise some concerned eyebrows but we doubt if it would cause the markets to break out of the tight range they have been stuck in for this week. Until something significant moves the markets out of the range, no directional moves are likely. Care should be (more…)

Today’s FOMC Rate Decision Today’s rate decision announcement from the Fed is going to be just a yawn – nobody is anticipating any fireworks from it. It’s the Goldilocks scenario – except for the overnight lending markets and their cash crunch. Unless there are any major unexpected revelations, expect today’s market to repeat yesterday’s choppy, (more…)

Choppy, Range-bound With the impeachment drama on the hill, Fed on the offing, and the China trade war deadline looming…there is a lot of headline risks ahead for the markets. Given that none of these could be actually leading to any clear outcomes, expect choppy trading ahead within the broad range our models have been (more…)