National Day of Mourning in Honor of Bush the 41 – U.S. Markets are Closed! The U.S. stock markets and treasury markets are closed on Wednesday to observe National Day of Mourning in Honor of George H.W. Bush, the 41st President of the nation. The markets will re-open tomorrow, Thursday, as per the regular schedule (9:30am (more…)
Let the Noise Settle! As mentioned in our yesterday’s forecast, our models are sporting an indeterminate bias and indicate staying out of the market today as well. They are looking for a daily close above 2804 for a bullish bias or a close below 2785 for the resumption of a mildly bearish bias. The key levels (more…)
US-China Meeting Weekend Preliminary Results Driving Wild Moves – Let the Noise Settle! As written in our Friday’s forecast, the US-China meeting has proved to be a big market mover over the weekend. All the markets (Stocks, Oil, Gold, Commodities, Currencies) have gapped significantly. Our models continue to sport the “indeterminate” bias and point to (more…)
Month-end and Friday Options Expiration, US-China Meeting Weekend – Expect Heightened Volatility Today! It’s the month-end and Friday options expiration day, coupled with the highly anticipated US-China meeting over the weekend. Expect increased volumes and volatility today, especially during the “witching hour” (3pm-4pm EST). Our models continue to sport the “indeterminate” bias and point to standing (more…)
Today, It’s About the FOMC and the Interest Rate Outlook! It’s the FOMC meeting minutes release day today, Thursday 11/29. In all probability, it would not be way too far out from what Powell spoke on Wednesday, so there may not be much fireworks in the market. Unless there are any surprises in the FOMC (more…)
Critical Headlines-driven Week In Progress – Don’t Jump the Gun! Our models have opened the post-Thanksgiving trading week with the prior two week’s aggregate profits of 154.75 points from the pre-defined trading levels on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions of sell-off. (more…)
Fed Speak, GDP, FOMC, China…Busy Headlines-driven Week Ahead Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
Bouncy Market Days Do Not Make A Trend! Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
It’s a Bear Territory – Do Not Get Into Bulltraps with Deadcat Bounce Moves Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge. Our models (more…)
Bears Testing the Key Support Level at 2685 – Watch out for Volatility Spurt/Squeeze in The Dog Fight likely to Ensue Our models have started this new trading week by booking another 17 points of profits on top of the last week’s aggregate profits of 137.75 points on the S&P 500 Index! Yes, not bad for (more…)
