Sideways does Not Mean Down Our models point to a potential consolidation around the 3500 level today to cap the month of August. Whether consolidation becomes the theme for the week depends on how the price action unfolds tomorrow. Our trading plans last Monday morning stated: “Morning futures indicate a robust spike above the record (more…)

Is This Red-hot Bull Missing Something? When something looks too good to be true, most likely it is! The stunning rally in the markets looks beyond any rational valuations or economic fundamentals, and yet the markets keep scaling record highs on almost a daily basis. Is this sustainable? Only time can tell. Those itching to (more…)

It’s a Lot of Fun Until It’s Not! From our trading plans Monday morning: “Morning futures indicate a robust spike above the record highs just set on Friday. There is no sign of this strong momentum abating, yet. Until any signs to the contrary, shorts need to wait for their turn and not jump in (more…)

Fun Ride? Precarious Ride? From our trading plans Monday morning: “Morning futures indicate a robust spike above the record highs just set on Friday. There is no sign of this strong momentum abating, yet. Until any signs to the contrary, shorts need to wait for their turn and not jump in too early”. That theme (more…)

China Trade Talks – Again – To Pump the Markets More? After registering yet another record high, markets are now seeing overnight headlines attempting to tout “talks” between U.S. and China to strike a trade agreement (“Phase 1”, because a real agreement does not really look feasible?). Yes, for the umpteenth time…and, yes, it could (more…)