Divergent Factors at Play This week’s Fed meeting should give us a better look into how the divergent factors (such as inflation versus growth) at play might be dealt with by the Fed, and how the markets might perceive the likelihood that the Fed will succeed. In the mean time, the markets likely to continue...

Re-opening Trade at the Crossroads of Inflation versus Growth With last two trading sessions closing above our last published range of 3915-3865, our models are in a cautiously bullish bias mode. We need a daily close above 3945 for it to be sustainable. A close below 3885 negates this bullish bias. For positional trading, models...

Stuck in a Whipsaw Range? Yesterday’s treasury auction results calmed the nerves of the markets about the rising yields. Does that mean the equity markets now deserve to continue to go up and keep making record highs? We do not know, but our models are stuck in an indeterminate bias while the index is within...

Brace for More Roller Coaster The strong close from yesterday has our models negate the bearish bias and back in the indeterminate bias range. The treasury auction yields to be announced this afternoon will likely set the tone and direction for the next leg. For positional trading, models indicate a bearish bias while below 3865...