Tug-of-War Along Our Proprietary Key Levels – Week-2, Day-2? To put the “Tug-of-war” into perspective, consider this statistic: In the last ten years (since 2008/06/14), S&P 500 closed within Monday’s 5.91 points range ONLY 68 times out of 2,517 trading sessions! That is, just 2.7% of the times!! That’s how rare Monday’s close is, and (more…)

Tug of War Along Our Proprietary Key Levels In spite of the major geopolitical news headlines (North Korea-US Summit, Fed Interest Rates decision, European Central Bank Interest Rates decision), last week has NOT seen much movement in the S&P 500 Index at all – despite what occasional peek at financial media headlines might have you (more…)

Continuation of Back To Basics? With all the major known geopolitical risks and events out of the way, including Thursday morning’s ECB interest rate decision, it is likely that investors would begin to focus on the BASICS – Profit, Loss, and Risk. Friday morning, there is one important economic release – University of Michigan Consumer (more…)

Most Known Geopolitical Risks Out-of-the-way – Back To Basics? The much awaited North Korea summit, and the much feared FOMC rate decision are out of the way now with no decisive dominance by either the bulls or the bears! Tomorrow morning, before the markets open for the regular session, even the ECB (European Central Bank) (more…)

This 13th is All About The Interest Rates, Trader! The much awaited North Korea summit has come and gone with not much to show or move the markets! There is not decisive dominance by either the bulls or the bears! Everybody seems to be waiting for the FOMC decision on the interest rates tomorrow – (more…)