Continued Record Highs! The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. It is yet to be seen if it is a sustainable move or if it is a speculative spike. Staying above the 3600 level for the weekly (more…)
Precarious Moves The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures. It is yet to be seen if it is a sustainable move or if it is a temporary spike. Staying above the 3600 level for the weekly close will be the key. Read below...
First-of-month Flows Propping Up? Since Monday three weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last three weeks’ price action in the index adhered to that theme. Since the first-of-month flows could be feeding...
Breakout Test Today Since Monday three weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last three weeks’ price action in the index adhered to that theme. With the index breaking above the 3600 level (more…)
We are sitting out the markets until Monday, 11/30. Wish you and your loved ones a Happy, Blessed, and Safe Thanksgiving! See you all on Monday, 11/30.
Range Breakout Today? Since Monday two weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last two weeks’ price action in the index adhered to that theme. With the index breaking above the 3600 level (more…)
Range-bound Volatility? Since Monday two weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last two weeks’ price action in the index adhered to that theme. With the index back in the vicinity of the (more…)
Two Weeks Stuck in a Broad Range Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. This week so far, the index has attempted to break above (more…)
All Noise, No Signal? Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. This week so far, the index has attempted to break above the 3600 level (more…)
Bouncing Around the Broad Range Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. Our trading plans this Monday stated: “If the index achieves a daily close (more…)
