Our Positional Models Turning Short After selling a long and going flat, our positional models are going to take a short position on the open following the index’s close below 4445 yesterday which has been the published take-a-short level. As we wrote in our morning trading plans yesterday: “The pattern of early session gains followed (more…)

Caution Signals Emerging The price action last few days is causing our models to raise some early caution to the bulls. The pattern of early session gains followed by losses behooves the bulls to turn a bit more cautious against jumping in. Our models indicate no bullish bias while the index is below 4515 on (more…)

No Bull. No Bear. In our last trading plan – published on Thu 09/09 morning – we announced that our positional models went flat after selling an open long position, with a directional bias shift to neutral. Over the two sessions, markets slipped through some of the support levels we have been publishing, confirming our (more…)

Models Took Profits on the Longs and Went Flat In yesterday’s trading plans, we wrote: “Until there is a clear confirmation of a directional change, our positional models continue to sport a long bias – which could very well be occurring today if the daily close is going to be below 4515 (typo had it (more…)

A Potential Drift Lower Currently, the markets appear to be entering into an exhaustion phase, following a long string of record highs. However, there is no downside threat seen by our models, yet. Until there is a clear confirmation of a directional change, our positional models continue to sport a long bias – which could (more…)