Potential Chop Fest Ahead As we wrote in our trading plans yesterday (Wed, 04/20): “Models are flashing early signs that the index could be nearing another near term crest in the coming days, but are sporting a neutral bias as of now, with a cautious signal to the bulls”. And, the levels our positional trading (more…)
Earnings Earnings Everywhere And… After the kickstart to the earnings season last Wednesday, 04/13, our models have gone into an indeterminate state with no signals in either direction. Models are flashing early signs that the index could be nearing another near term crest in the coming days, but are sporting a neutral bias as of (more…)
Earnings Season to Exhilarate or Exasperate? Within a week after publishing our trading plans on Fri, 04/08, S&P 500 has breached the indicated support levels of 4500 and 4460, and has confirmed our directional bias to the downward. The earnings season kicking off today may be the last hope the markets have to stop the (more…)
When Fear-and-Greed Turns Into Hope-and-Despair… From the last few years of fear-and-greed, the mood on the markets seems to be oscillating between hope-and-despair, indicating subdued spirits on part of the investors. However, the VIX levels are hovering around 20 range, indicating that the downside is not really flushed out, yet. The upcoming earnings season could (more…)
No More Kool-aid to the Markets! The various officials at the Fed have made it a point this week to orchestrate a unified message: “We have no more Kool-aid left to serve the markets! And, we probably don’t care about the markets now.”. After some skittish moves, the markets seem to be entering a phase (more…)
And Then the (Fed) Doves Became Hawks! Fed’s Brainard and Daly – two well known doves – are spooking the markets by turning into hawks with their public comments yesterday. Markets are reacting as if the Fed’s resolve to fight inflation is some flash news. Neither may be surprising for keen Fed/bond market observers. As (more…)
Continued Retracement or a Bull Trap? Day 4 Our last trading plan – published on 03/29, Tuesday – stated: “The retracement from the lows seen over two week back could be coming to a peak today or sometime this week. The price action around this peak would reveal the next near term directional bias in (more…)
Continued Retracement or a Bull Trap? The retracement from the lows seen over two week back could be coming to a peak today or sometime this week. The price action around this peak would reveal the next near term directional bias in the markets, if any. Whether it is going to be a consolidation against (more…)
Interest Rates to Start Chipping Away At the Markets Our trading plans last week wrote: “Unless Powell sounds unexpectedly more hawkish, chances are the reail shorts could get burned before any directional move settles in”. Yesterday’s inflation comments from chair Powell could be that “unexpectedly more hawkish” (or, something the markets were hoping not to (more…)
Rate Hike Failed to Scare the Markets? Our trading plans yesterday indicated: “Unless Powell sounds unexpectedly more hawkish, chances are the reail shorts could get burned before any directional move settles in”. If you followed the markets yesterday, you know how it unfolded. Yep, spot on! The “sell the rumor, buy the news” spike up (more…)
