Consolidation or Break-down? Our trading plans last Friday stated: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. The index is probing the 3780s as of this morning’s opening. It remains to...

This Red-hot Bull Missing Something? Our trading plans yesterday stated: “With the elections drama coming to a climax (or, anti-climax, depending on your perspective), markets could be slowly coming back to focusing on the basics: economy, the virus and its impact on the economy, interest rates, inflation, dollar weakness, jobs, unemployment, and so on. Of...

Back to Basics? With the elections drama coming to a climax (or, anti-climax, depending on your perspective), markets could be slowly coming back to focusing on the basics: economy, the virus and its impact on the economy, interest rates, inflation, dollar weakness, jobs, unemployment, and so on. Of course, it won’t be an overnight shift,...

Congressional Certification Day – Expect Whipsaws The Georgia runoff election results and the congressional certification related headlines likely to whipsaw the markets today, before the markets gain any near term directional bias. Our first trading plan of 2021 – published Mon 01/04 – stated: “The upper end of our models’ key range for most of...

“Georgia On My Mind” is Today’s Theme Song for the Markets Today, markets are going to be fixated on every headline involving the Georgia runoff elections. And, likely to find the direction of the next leg in these elections’ decisive outcomes – if and when they become officially certified (yep, we all seem to be...