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...

Enjoy the Ride if You Can! Our models continue to flash the caution signs for bulls this week, despite the strong opening on the session so far. Our trading plans published yesterday stated: “A daily close above 3840 will negate this bias (our models are rejecting Friday’s daily close just under two points above this...