Back-to-business going to be a Kool-Aid, Tonic, or Toxin? Yesterday morning we wrote: “The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that”. Of course, (more…)
Markets Running out of Kool-aid this Week? The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that. As our models were indicating all week last (more…)
First-of-month Flows Still Alive to Keep the Bear at Bay? The last few years of first-of-month inflows trend might continue for this month, given the strong rally last month, and if so, it could help keep the bear at bay today. The worse than estimated GDP contraction yesterday, the 30+ million total job losses as (more…)
Something Missing from this Red Hot Bull? The market’s run of late has been as if we are continuing the historic economic expansion into the 2019/2020 unabated and never heard of the word “pandemic”! The worse than estimated GDP contraction yesterday, the 30+ million total job losses as printed in the initial claims this morning…are (more…)
GDP Contraction, Gilead Elation… This morning’s headlines of GDP Contracting by more than the estimated is being trumped (at least for now) by a positive, promising results from Gilead’s Covid-19 potential treatment trials. The Fed is likely going to continue to assure investors this afternoon that it has their backs.Technically speaking, the 2830-50 level was (more…)
The Last Hurrah or the Next Leg up of the Bull? For the last couple of sessions we have been referring to the key 2830-2850 level for a breakout or rejection. We wrote, “A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key (more…)
Key Levels Being Tested – Models Sitting Out Our models are not sporting any directional bias as they are watching the key 2830-2850 level for a breakout or rejection. A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key levels today. Models caution (more…)
Key Levels Still Being Fought Our models are not sporting any directional bias as they are watching the key 2830-2850 level for a breakout or rejection. A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key levels today. Models caution against shorting for (more…)
Expect a Dog Fight Around the Key Levels being Tested Our models are not sporting any directional bias as they are watching the key 2830-2850 level for a breakout or rejection today. A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key levels (more…)
Directionality Still Brewing Our models have negated the bullish bias yesterday, but have not confirmed the downside yet, even though we got a daily close below 2755 level yesterday. Any directional bias in the markets still appears premature and our models are in an indeterminate state. Only tight, range trading is indicated while the directional (more…)
