The Precarious Climb to New Highs Continues While the end of the Market Goldilocks is likely coming in with the Fed’s tapering by the end of the year, markets seem giddy with the precarious ascents to new highs, for now. As we reiterated multiple times in our trading plans, whatever may be the rationale for (more…)
Results of Published Model Trades for FRI 08/27 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…)
Market Goldilocks Scenario Coming to an End Fed Chair Powell’s statement this morning on tapering saw an immediate spike up in the indexes that is entering into a consolidation mode as of 10:40am EST. However you parse it, the statement clearly indicates that the taper is coming in, and coming in by the end of (more…)
Results of Published Model Trades for WED 08/25 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…)
Don’t Get Chopped Into Shorts Market movements need not make sense to anyone nor do they seldom follow or respect any valuation theories – at least in the short run. Unless you have deep pockets to withstand large drawdowns, or an aggressive intraday trader with abilities to act swiftly, going short this market could prove (more…)
Results of Published Model Trades for TUE 08/24 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…)
String of Record Highs To Continue? Last week’s pullback proved transient and the index has closed firmly above our key level and our positional trading models have flipped to a long position on a close above 4440 yesterday, from a flat bias adapted last week. Infrastructure spending talks, Chinese big tech rebound could be the (more…)
Results of Published Model Trades for MON 08/23 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…)
Market Bull Standing His Ground! Last few sessions of weakness repeatedly tested our models’ published key levels of 4430 and 4385, but the daily close was not breached beyond the flat level, leaving our models in the flat mode since last Wednesday’s close. This morning’s action puts our models back into the bullish bias IF (more…)
Results of Published Model Trades for THU 08/19 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…)
