The Market Fireworks – Enjoy While It Lasts Barring any major, unexpected economic or geopolitical headlines, the markets are likely going to be in a holding pattern until (or, at most?) this celebratory, abbreviated week concludes. As we wrote last Thursday, “With the interest rate cut hopes drying up, a trade war resolution is the (more…)
When Sojourning Leads to Celebrating As If Reached the Destination…STOP and THINK! Almost every major financial news media predicted the outcome of a thin-on-details “truce” on further tariffs than any substantive progress towards an agreement or a resolution to the trade war. And, yet, the overnight futures action is exuberant and indicating significant gap up (more…)
This Weekend’s G-20 Summit the Destination or a Soujorn for the Long, Winding Trade War? We all have seen this movie before – we are told, “we are just about to announce the trade agreement” only to realize that there was really nothing of substance to see – for months! Will this weekend’s G-20 summit (more…)
Directionless Trading to Continue into the G-20 Summit Weekend Barring any major, unexpected economic or geopolitical headlines, the markets are likely going to be in a holding pattern until the G-20 summit, which could shed some light on the potential for any resolution to the trade war. With the interest rate cut hopes drying up, (more…)
Powell’s Diffidence-turned-Dissidence to Torpedo Markets Buoyed by Rate-cut Hope/Hype? Chairman Powell’s remarks cautionary words about not succumbing to “short term political pressures” should – and did – sound alarm bells for the markets buoyed mainly by hope/hype about imminent interest rate cuts starting in as early as July. Can the markets sustain Powell’s dashing (more…)
Markets to Look at Consumer Confidence and Powell’s Diffidence for Direction Last week’s record highs in the markets were driven by the Fed’s stand on standing pat on the interest rates. Today’s consumer confidence numbers could throw some light onto their rationale. And, Chairman Powell’s remarks later today (at 1pm ET) could be what the (more…)
Thursday’s Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory? Last Thursday’s all time high in the S&P 500 Index was accompanied by the month’s second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday’s significantly high volume (more…)
New Leg of the next Bull Run or the Last Gasp? Yesterday’s all time highs were accompanied by the month’s second highest volume, shooting down concerns of weak volumes. Was it the beginning of another leg of the bull run or is it going to prove to be the last gasp of the market (more…)
The gap we cautioned about in our morning publication is filled with the S&P 500 Index registering a session low of 2931.50! As per the trading plans published in the morning (click here to view the plans), our Aggressive Intraday Models have made one profitable trade by shorting on the SPX crossing below 2948 and (more…)
Jumping Into the Gaps Can be Dangerous – with a Real Train or the Bull Train Overnight futures of S&P 500 Index have printed record highs and the regular session is likely to gap up and trade to all time highs, presumably as manifestation of the delayed overreaction to the Fed’s interest rate decision (more…)
