Choppy Trading Until Break Out of The Range The “breather” from any trend is typically characterized by choppy range trading for a while until the markets suddenly break out decisively and deeply in the direction of the trend or as a mark of ending the trend. Our models correctly called the “breather from the bear attack” (more…)
A Sleeping Bear is No Bull! Our models correctly called the “breather from the bear attack” yesterday, which came true for yesterday’s second half of the session and which may extend into the next session or two. Nevertheless, as we said in yesterday’s forecast, do NOT take this as any “bullish” signs in the market! As (more…)
A Breather from Last Week’s Bear Attack? Our models point to potential breather today from the beating the markets took so far in December. However, models indicate caution against establishing any new, medium-term long positions as the bias is firmly bearish. Any spikes up could be followed by swift moves down, trapping any bulls that (more…)
When You Can’t Explain What’s Going On…Stay On The Sidelines Until Clarity Emerges! The overnight volatility in the markets that led to a halt in the futures still remains inexplicable in the absence of any clear news that drove it! As our models forecast on Monday, 12/03, when the financial media headlines was touting hundreds (more…)
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…)
