Our Models Sitting Out Today’s FOMC Action With the FOMC rate decision on tap later today, our models are indicating sitting out the post-FOMC action as they see all noise and no signal. This is especially prudent given the static nature of our trading plans published here. After flashing indications for a potential peak in (more…)
Chop Fest Till Tomorrow’s FOMC Event With the FOMC rate decision on tap for tomorrow, there may not be much of a directional action until then. Any attempts to try to predict potential directionality from the price action before that could prove a fool’s errand. After flashing indications for a potential peaking in the upside (more…)
Upside Momentum Likely Peaking Our last trading plans published last Friday, 07/15, speculated: “Next Week to See Some Movement?”. We did indeed see a strong upside momentum that blasted the index out of the 3855-3845 range and brought it to test 4000 level. After being in an indeterminate state for all this week, our models (more…)
Stuck for a Week – Next Week to See Some Movement? On the day our last published Trading Plans on Monday, 07/11, stated our positional trading plans going into an indeterminate state, the index closed at 3854.43. After the full week filled with very important economic releases and major earnings kick off – and, volatile (more…)
Earnings Season and Inflation Numbers This week likely shaping up to become a coiled spring unwinding soon – the earnings season kick-off and the inflation numbers later this week to determine in which direction and how forcefully. For today, the market makers appear to be testing the weak hands. Our models indicate no directional bias (more…)
NFP Friday – Not Many Fireworks? The Non-Farm Payrolls numbers this morning did not really warrant any fireworks so far, despite the 10-year yields rising a bit pre-opening. The rest of the day’s action might mainly be driven by what happens to the yields. Barring any strong pull downwards, the bias remains to the upside. (more…)
Our Key Level is Again in Play – Day 2 After breaking through the 3793 level we published for the last few days, the index is now rushing to test the 3855 level our models have been talking about multiple times in the last few weeks. This is the “20% down from the last peak” (more…)
Our Key Level is Again in Play On this FOMC Day After breaking through the 3793 level we published for the last few days, the index is now rushing to test the 3855 level our models have been talking about multiple times in the last few weeks. This is the “20% down from the last (more…)
Inflation Fears leading to Recession Scares As we stated in our trading plans on Thursday, 06/30 morning: “the index is now testing a key range of 3765-3793”. This range was breached that day but the index climbed back up. This range is in play again this morning. If the index registers a daily close below (more…)
The ISM Release to Set the Market Tone Next? As we stated in our trading plans yesterday morning: “the index is now testing a key range of 3765-3793”. This range was breached yesterday but the index climbed back up close, and is testing the upper limit approaching the session open. The ISM release at 10:00am (more…)
