The Precarious Ride Continues… Last week, our theme had been: “Anyone who is betting on the short side of the markets need to have deep pockets to sustain deep draw downs before they get their chance”. And, as we wrote on Thursday, “Markets have approached the high end of the 2940-3140 our models have been...

Goldilocks Flourish Amid Jobs Numbers Quarter-end window dressing, vaccine hopes, first-of-month flows, strong jobs numbers…there are a lot of things that have been feeding the Market Goldilocks. Anyone who is betting on the short side of the markets need to have deep pockets to sustain deep draw downs before they get their chance. Markets have...

Headlines Involving Jobs and Vaccine Feed the Market Goldilocks Today’s price action could be driven primarily by the first-of-month systematic investment flows into the markets, putting pressure to the upside on top of yesterday’s moves, further supported by the jobs headlines and the vaccine hopes. Our short term models (1-2 weeks) indicate choppy trading while...

Quarter End Window Dressing or Locking it In? Today’s price action could be driven primarily by the quarter end window dressing, putting artificial pressure to the upside. The only thing that can outweigh that would be if the fund managers want to book their profits and lock their quarterly performance numbers. Our short term models...

Stuck in a Broad Range Our short term models (1-2 weeks) indicate choppy trading while the daily close of the index is within the 3000-3080 region, with an upward bias while above 3080 and a downward bias while below 3000. While the macro risks to the markets are piling up to the downside, our medium...

Advantage None As we wrote in yesterday’s trading plans, bears should be careful not to jump the gun while the daily close is above 3050. For now, there is no sustainable momentum in either direction, but we should expect every possible attempt to put a thrust to the upside in this election year. Our models...

Bears Sizing Up the Opportunity to Strike With the index closing below the 3080 level that our models were looking for, we now consider the upside pressure eased on the markets. Still, bears should be careful not to jump the gun while the daily close is above 3050 (yesterday closed at 3050.33). For now, there...

Exhausted Bear, Tired Bull Markets have been struggling for some direction but finding none, yet. For now, there is no sustainable momentum in either direction, but we should expect every possible attempt to put a thrust to the upside in this election year. Our models indicate range-bound trading while the index is within the 3080-3120...

Directionless Markets Looking for Leadership Markets starting the week in a directionless mode. For now, there is no sustainable momentum in either direction. Our models indicate range-bound trading while the index is within the 3080-3120 region. Read below to check out our models’ trading plans for today. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF...

Caution: Stomach Churning Ahead In spite of the Fed pumping in Trillions (with a T), the market might be losing steam in the coming few sessions on the persistent worries about the state of economy and the potential second wave of coronavirus. 3080 is the level our models are monitoring for a daily close under....