Bull Damaged, Bear Taking a Peak The index technicals are badly damaged for the bulls’ side with the market breaking below the key levels our models have been monitoring (and publishing) for the last two weeks. While there might be recovery attempts today, the positional bias is to the downside while the index is below (more…)

Be Extremely Agile when Playing in Big Waves! With the market breaching our models’ key level of 3390 on Monday, and the overnight breakdown in the futures confirmed our bias form yesterday’s trading plans: “the indications are for the downward pressure to continue while the index is below 3415. Expect wild gyrations in either direction (more…)

Whipsaw Within the Key Range With the market breaching our models’ key level of 3390 yesterday, the indications are for the downward pressure to continue while the index is below 3415. Expect wild gyrations in either direction while within the 3415-3375 range. Our trading plans last Monday stated: “Our models are sporting a mildly bearish (more…)

Our Models’ Key Range Comes Into Play! Our trading plans last Monday stated: “Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to take hold. Between 3485 and 3390, our models would be mildly bearish. Below 3390, they would switch to an outright bearish (more…)

Whipsawing Within Key Range With the stimulus talks being milked by politicians and wall street talking heads alike, the markets are stuck gyrating within a tight range with every headline about the imminent stimulus deal. Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias (more…)

Endless Stimulus Talks With the stimulus talks being milked by politicians and wall street talking heads alike, the markets are stuck gyrating within a tight range with every headline about the imminent stimulus deal. Our models are sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to (more…)

Stimulus Hope or Covid-19 Despair? Yesterday’s break down below our models’ level of 3485 has the models sporting a mildly bearish bias – a daily close above 3500 is needed for any upside bias to take hold. Between 3485 and 3390, our models would be mildly bearish. Below 3390, they would switch to an outright (more…)

Choppy Trading Range Our models’ level of 3485 is in play again – a daily close below 3485 is needed for the upside pressure to subside. Below 3390, our models would switch to an outright bearish bias. Between 3390 and 3485, they would be mildly bearish. Read below to check out our models’ trading plans (more…)

The Bull Train Chugging Along The record retail sales this morning is steaming the bull train forward; never mind the worse than expected initial jobless claims yesterday. People are losing jobs and getting sick but buying – and will continue to buy – a lot of stuff? Nobody said markets are rational in the short (more…)

“Sell the News” Accelerating? Yesterday JP Morgan and today Morgan Stanley crushed the estimates! The earnings season kicked off this week with impressive earnings. Even Apple’s event gave rise to talks of “super cycle”. Yet, the market action is underwhelming at best. As we wrote in our morning trading plans yesterday, this is likely the (more…)