Key Levels Under Test This Week  As we predicted in our forecast for Friday, the sustainability of last week’s moves up needed to be confirme with the market action on Friday 11/02 – which it did NOT! Till we see a credible confirmation of a recovery, our models indicate the continuation of the bearish bias (more…)

Are this Week’s Bullish Moves Sustainable?  As we predicted in our forecast for Wednesday, the markets witnessed a spike up (“artificial prop” of the month-end window dressing?) on the last day of October, and a follow thru on Thursday (possibly driven by the first-of-month flow of funds?). The sustainability of this week’s moves up need (more…)

A Bulltrap or a Recovery in the Making? Today’s Market Action and Friday’s Close to Confirm! As we predicted in our forecast for Wednesday, the markets witnessed a spike up (“artificial prop” of the month-end window dressing?) on the last day of October. Today’s action likely would be driven by the first-of-month flow of funds, (more…)

A Bulltrap – or a Recovery – in the Making? Next Two Days’ Market Action and Friday’s Close to Confirm! With today’s action likely driven by the end-of-month window dressing by money managers, and tomorrow’s action likely driven by the first-of-month flow of funds, the market could be artificially propped up these two days. The (more…)

Wild Gyrations Ahead! Last week’s wild moves in the market point to the onset of potential regime change in the markets from the long bullish regime to a bearish one! Our models advise caution against getting into the markets on false spikes up. One needs to confirm the moves against key levels to enter into more (more…)

Deep Correction – Bears Currently Celebrating…  Despite the big spike up in the markets yesterday, Thursday 10/25, the overnight futures are down almost equally – negating all the move up from the last session! Such is the volatility and the whipsaw trading when markets go through regime change. All the indications point to the onset (more…)