String of Record Highs to Continue? The index did take out the 4435 level we published on Tue, 08/03 in a convincing manner yesterday, Thu 08/12, and our models are flipping to a bullish bias (again, after the last 90+ point bagger long that we closed earlier) this morning for positional trading. It takes a (more…)

Precarious Ascent We wrote in yesterday’s trading plans: “Our models continue to indicate a cautious stance, wanting to see the index take out the 4435 level we published on Tue, 08/03 in a convincing manner today, and hold into the session close”. Our models are not convinced of the price action yesterday, and are not (more…)

Red Hot Bull or Red Hot Inflation? Although the “core inflation” is less than expected/feared, the market’s cheering of the numbers underlies the energy and food inflation that average Joes and Janes feels pinched by. And, it reflects a hope and expectation that the energy and food inflation would moderate soon, which remains to be (more…)

All Noise and No Signal Despite the index holding near record highs throughout the last week and posting yet another record high of 4436.52 on Friday’s close (just 1.52 points above the level of 4435 our models are monitoring), our models continue to indicate a cautious stance, wanting to see the index take out the (more…)

Market Froth Warrants Caution Despite the index holding near record high posted on Tue, 08/03, our models continue to indicate a cautious stance, wanting to see the index take out the 4435 level we published on the same day. After riding the last bullish run and booking a 90+ points profit on a long position, (more…)