Bear Trap Yesterday or Bull Trap Today? Our models’ indication of the critical range of 3340-3380 – reiterated for the last many days – was tested on Thursday with the session low coming close at 3341.02, followed by a clear break down on Friday, 02/21, with the session low coming in at 3328.45! And, as (more…)
Coronavirus Moving from an Epidemic to a Pandemic Status?! Our models’ indication of the critical range of 3340-3380 – reiterated for the last many days – was tested on Thursday with the session low coming close at 3341.02, followed by a clear break down on Friday, 02/21, with the session low coming in at 3328.45! (more…)
Trading Range, Intact! Our models’ indication of the critical range of 3340-3380 – reiterated for the last many days – is still in play, despite the confusing and inexplicable sudden drop in the markets yesterday. Some astute readers have noted that the session low at 3341.02 has come just about one point from our range (more…)
Critical Range: Imminent Breakout? The critical range of 3340-3380 is still in play, but is likely to be broken out of very soon. Despite no improvement in the coronavirus headlines, markets seem to be taking no bad news as good news and trying to break out to the upside in the overnight futures. Models are (more…)
Critical Range: Break-out or Fall-in? From our Friday’s trading plans: “Yesterday, S&P 500 Index closed at 3374, but the price action left our models still in the indeterminate state as they are looking for a close above 3380 today to confirm the recent break out”. Some readers reached out with incredulity that the index actually (more…)
Is This Bull Running On One Less Leg? If you are cynical about the current bull run in the markets in spite of the apparently worsening coronavirus crisis and its likely impact on the economic fundamentals of the global financial markets, you are not a cynic but an individual with some common sense. Yet, if (more…)
Path of Maximum Pain If you are a professional or institutional trader, you heard that when everybody and their grandma is expecting the markets to do something, the markets actually end up doing just the opposite. If you are a retail trader, may be you have heard it or not but surely have experienced (more…)
Coronavirus or Current Earnings? The current earnings’ optimism seems to be trumping the coronavirus and its potential impact on the future earnings, and the markets seem unstoppable! Unless some marked improvement in the situation is noted (chances are bleak) with the worsening outbreak numbers and the overall situation, we can expect the earnings estimates (more…)
Can Markets be Immune to Coronavirus? With no breakthrough or improvement in the coronavirus situation, with increasing shutdown headlines (WeWork, Apple), it is to be seen how long the markets can be complacent about the potential economic fallout from the coronavirus crisis. Unless some marked improvement in the situation is noted (chances are bleak), we (more…)
NFP Numbers, Coronavirus, Options Expiration… Between the Non Farm Payrolls data (beating expectations, but unemployment rate rising a bit), the coronavirus whistle blower’s death in China and the potential for it to cause headaches to the Xi administration, the weekly options expiration, and the potential fatigue from the recent yo-yo run the market had…there is (more…)
