Whipsawing Within Key Range With the stimulus talks being milked by politicians and wall street talking heads alike, the markets are stuck gyrating within a tight range with every headline about the imminent stimulus deal. Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias (more…)

Endless Stimulus Talks With the stimulus talks being milked by politicians and wall street talking heads alike, the markets are stuck gyrating within a tight range with every headline about the imminent stimulus deal. Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to (more…)

Stimulus Hope or Covid-19 Despair? Yesterday’s break down below our models’ level of 3485 has the models sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to take hold. Between 3485 and 3390, our models would be mildly bearish. Below 3390, they would switch to an outright (more…)

Choppy Trading Range Our models’ level of 3485 is in play again – a daily close below 3485 is needed for the upside pressure to subside. Below 3390, our models would switch to an outright bearish bias. Between 3390 and 3485, they would be mildly bearish. Read below to check out our models’ trading plans (more…)

The Bull Train Chugging Along The record retail sales this morning is steaming the bull train forward; never mind the worse than expected initial jobless claims yesterday. People are losing jobs and getting sick but buying – and will continue to buy – a lot of stuff? Nobody said markets are rational in the short (more…)