No Sign of the Bear, Anywhere As we wrote last week, “Structurally, there is no damage to the bullish bias in the S&P 500 index even if it might come under attack shortly. Until proven otherwise, bears need to wait before putting on any directional shorts. Our models caution against any shorts while the index...
Results of Published Model Trades for FRI 08/07 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning (please click here to (more…)
Jobs Number Good or Bad? It Depends! The jobs report numbers this morning could be viewed as positive or negative, depending on one’s perspective. And, hence, the whipsaw in the index futures markets following the report. Structurally, there is no damage to the bullish bias in the S&P 500 index even if it might come...
Results of Published Model Trades for WED 08/05 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning (please click here to (more…)
Results of Published Model Trades for THU 08/06 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning (please click here to (more…)
Not a Bad-news is a Good-news? The jobless claims headlines this morning could feed the bulls even if the details could mean nothing good going on for the economy in the midst of this pandemic. Structurally, there appears more room for the current bull run although it might be running out of steam shortly. Until...
Is That a Bull? If it looks like a bull and feels like a bull, is it a bull? That seems to be the question on most people’s minds these days about the markets, and it is legitimate given that the unemployment situation seems to be getting worse with the pandemic and yet the financial...
Results of Published Model Trades for TUE 08/04 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning (please click here to (more…)
Bull Trap or Bear Trap? Last Friday’s trading plans stated: “Our models are looking for a daily close above 3260 today AND a follow through on Monday, to adapt a bullish bias”. And, our yesterday’s trading plan stated: “We got a close above the 3260 on Friday, and our models are looking for a close...
Results of Published Model Trades for MON 08/03 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning (please click here to (more…)
