M&A Headlines and the First-Trading-Day-of-Month M&A headlines and the first-trading-day-of-the-month phenomenon could be driving today’s price action, which may or may not necessarily follow through into the week. 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”....

Earnings to Catapult the Index Out of the Range? The blowout earnings from the big tech companies after hours yesterday, while impressive, may not necessarily indicate any reprieve for the main street as millions of jobs are disappearing and the GDP is shrinking. Our models are looking for a daily close above 3260 today AND...

Yeah, Still Stuck within the Range! Despite what might appear as “the sky is falling down” kind of news about the GDP and the economy, and despite what might feel like a barrage of “market moving headlines”, the S&P 500 Index is still stuck within the 3200-3250 range that our models have been publishing for...

Lack of Leadership Ailing the Markets Lack of leadership ails the markets and keeps them stuck in a directionless choppy range – just like it does to the progress of any nation – as we have been witnessing for the last many sessions. As we wrote in our trading plans last Friday: “For a break...

Got Unstuck, Yet? As we wrote in our trading plans last Friday: “For a break down to the downside to manifest, we need a close below 3235 today, AND a close below 3200 on Monday”. Shorts should avoid the temptation to get into directional shorts while above 3200 on a daily close basis. Longs should...