Court Verdict, Guilty Plea and Implication, Raucous Rally, Fed Minutes…Enough to Spook the Markets? Our forecast of imminent new record highs has come true on Day 2 – yesterday – with the S&P 500 Index registering a new high of 2873.23. But, with the domestic political temperatures weathering(?), what otherwise could be a tsunami, with (more…)

Imminent New Record Highs – Day 2? With no major economic releases scheduled barring this Wednesday’s release of the FOMC Meeting Minutes and Fed Chair Powell’s speech at Friday’s Jackson Hole Syposium, the major driver of the news headlines continue to be the US-China trade talks this week. S&P 500 Index seems poised to take (more…)

Imminent New Record Highs? With no major economic releases scheduled barring this Wednesday’s release of the FOMC Meeting Minutes and Fed Chair Powell’s speech at Friday’s Jackson Hole Syposium, the major driver of the news headlines is going to be the US-China trade talks this week. S&P 500 Index seems poised to take advantage of (more…)

Race to New Highs or YoYo Day-3? The overnight S&P 500 Index e-mini futures market is not doing much, other than showing some “profit taking” (?) on yesterday’s strong move. No major news headlines seem to be swirling the markets (at least, not yet, as of 8:30am EDT). No major economic releases scheduled other than (more…)

Is the Retail Money Chasing the YoYo Up-and-Down and Getting Whipsawed? In the overnight S&P 500 Index futures market, the geopolitical events involving Turkey’s Lira seems to have faded into the background, the US-China trade war seems to see some “truce” potential (can you count how many times you have read this in the news (more…)

The Smart Money Playing YoYo With the Markets? The geopolitical events involving Turkey’s Lira does not seem to be a big concern for the global economy or financial markets – at least, not yet, as we forecast with our clear words:“However, do NOT write it off and do NOT short the index unless key support (more…)

With No Catalysts in Sight, Market Likely Stuck and Not Going Anywhere Fast? The geopolitical events involving Turkey’s Lira does not seem to be a big concern for the global economy or financial markets – at least, not yet, as we forecast with our clear words:“However, do NOT write it off and do NOT short (more…)

Day 4 of Geopolitical Events and Currency Markets? Don’t Jump the Gun…Especially if Shorting! In our forecast for Friday, 08/10, we wrote regarding the Turkey’s currency crisis: “How well and how fast this crisis is contained (fully or limited to just Turkey) is going to be the main factor that would determine the probability of (more…)