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…)
Day 6: The Main Story Driving The US Equity Markets this Morning – Geopolitical Events and Currency Markets! In our forecast for yesterday, Thursday, we wrote: “The only thing that can thwart this journey to another all-time high is potential geopolitical news which may prove highly negative for the markets. Barring any such developments, the (more…)
Day 5: The Slow Grind Taking The Market to New Highs? This Week to Reveal! The market is within striking distance from the all-time highs recorded in January this year. Yesterday’s market action – where the S&P 500 Index essentially closed flat – is interpreted by our models just as an inevitable consolidation rather than (more…)
Day 4: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Reveal! As per our Intraday Update yesterday, Tuesday 08/07, our medium-term models are sitting on a long position entered at 2862.25, with a 10-point trailing stop with the stop trigger anchored at 2853.43; our intraday aggressive models (more…)
Day 3: The Chop-chop Train Chugging Along the Bulls To The January High and Beyond? This Week to Decide! Our forecast for the S&P 500 Index for yesterday, Monday, stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within (more…)
Day 2: Who’s Going To Be The Mouse – the Bull or the Bear? Our medium-term models’ forecast for the S&P 500 Index for Friday stated: “Our models continue to indicate the S&P 500 Index as being stuck in an “indeterminate” state, with no clear bias in either direction, while within the broader 2840-2795 range (more…)
Who’s Going To Be The Mouse – the Bull or the Bear? Our medium-term models’ forecast for the S&P 500 Index for Thursday stated: “For Thursday, the medium term models indicate a broad range of 2835-2795 band as the pivot for any trades” (click here to read/verify this claim). The index reached a low of 2796.34 (more…)
Avoid Getting Whipsawed by Range-bound, Choppy Trading! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision came and went causing a lot of volatility but no real sustainable move in either direction! The S&P 500 Index essentially closed right in the middle of the trading range that our medium term models forecast, published Tuesday (more…)
On Wednesday, It’s All About the Interest Rates, Trader! The closely watched Federal Open Market Committee (FOMC) Interest Rate decision is due on Wednesday at 2pm EDT. This release is expected to drive the major market moves for the day and the rest of this week. Caution is advised when opening positions in either direction, (more…)
