Tight Range, Spiky Today’s weekly jobless claims number may raise some concerned eyebrows but we doubt if it would cause the markets to break out of the tight range they have been stuck in for this week. Until something significant moves the markets out of the range, no directional moves are likely. Care should be (more…)

Today’s FOMC Rate Decision Today’s rate decision announcement from the Fed is going to be just a yawn – nobody is anticipating any fireworks from it. It’s the Goldilocks scenario – except for the overnight lending markets and their cash crunch. Unless there are any major unexpected revelations, expect today’s market to repeat yesterday’s choppy, (more…)

Choppy, Range-bound With the impeachment drama on the hill, Fed on the offing, and the China trade war deadline looming…there is a lot of headline risks ahead for the markets. Given that none of these could be actually leading to any clear outcomes, expect choppy trading ahead within the broad range our models have been (more…)

Trump the Wild Card This Week? Last Friday morning we wrote: “Last two days of price action has confirmed the lifting-off of the pressure on bulls, albeit not confirming any strength for them”. While the Non-Farm Payrolls catapulted the markets to new highs, our models continue to be in an indeterminate state where neither the (more…)

Back to Focus On the Economy, Even if For a Day? Last two days of price action has confirmed the lifting-off of the pressure on bulls, albeit not confirming any strength for them. The bears are back under pressure, for now – barring any concerns from the Non-Farm Payrolls to be released at 8:30am EST (more…)