Potential Top in Place Disregarding the new record high the index posted yesterday, our models are adapting a cautious stance, wanting to see the index take out the 4435 level we published yesterday. Two consecutive daily closes below the 4400 level our models were monitoring, coupled with consecutive daily lows made our models close out (more…)

Our Models Taking the Profits and Going Flat Two consecutive daily closes below the 4400 level our models were monitoring, coupled with consecutive daily lows making our models close out the positional trading long opened at 4320, and booking profits of 90+ points. Yesterday’s high number of flip-flop trades by our aggressive models indicated to (more…)

First-trading-day-of-the-month Flows to Prop it Up? As our regular readers would be familiar with, our models indicate a default bias to the upside on the first trading day of every month, due to the inflows of systematic investment funds (think 401k, pension plans, and other retirement funds). Unless there is some strong negative tone to (more…)