Bulls, Slowdown! Bears, Don’t Jump the Gun! Our models are continuing to flash signs of choppy price action ahead – in both directions. In spite of the markets clearing the 3255-3310 range our models were looking for with the daily close yesterday above 3310, the price action is not indicative of a bullish directional bias, (more…)
The Bear Beaten Down, Yet? With the strong surge in the overnight futures, the befuddled market bear appears set to be beaten down today! The Friday’s drop is now in the rear view mirror as markets appear poised to rocket past that day’s highs and some more. What is driving these markets? No one knows (more…)
Nothing Improved On Coronavirus Headlines – Why this Bullish Run Again?! If Friday’s market rout was driven by coronavirus fears, one would be hard pressed to explain what changed on that front to fuel the run up yesterday and in the overnight futures! Our regular readers can recall our past articles where we said the (more…)
China Markets Down Big and U.S. Markets Up This Morning? Friday’s market rout has weakened the markets’ technicals considerably. With U.S. confirmed coronavirus cases going up from 8 to 11 over the weekend, the outlook is not any optimistic for the markets. The Shanghai market closed down 7.7% overnight in the first post-lunar-year-break session. S&P (more…)
Monthly Options Expiration to Trump Trump Impeachment and Coronavirus? For the last three mornings, our main theme has been: “Nevertheless, the bears do NOT yet have any clear leg up or even an entry yet – it is going to be an indeterminate state with fierce battle around the 3225-3265 range”. Despite more than 200 (more…)
“Fierce Battles within the Range” the Continued Theme For the last two mornings, our main theme has been: “Nevertheless, the bears do NOT yet have any clear leg up or even an entry yet – it is going to be an indeterminate state with fierce battle around the 3225-3265 range”. The overnight futures are under (more…)
Bear Scary No More? We wrote yesterday morning: “Nevertheless, the bears do NOT yet have any clear leg up or even an entry yet – it is going to be an indeterminate state with fierce battle around the 3225-3265 range”. With the markets springing back up from the steepest drop since October, the fears of (more…)
Inflection Point Battles Future earnings getting hit by the fast-spreading Wuhan Coronavirus and the long time bullish leg getting technically damaged yesterday have put the bulls under tremendous pressure at least for the next couple of weeks. Nevertheless, the bears do NOT yet have any clear leg up or even an entry yet – it (more…)
Where is WHO? With their headlines late in Thursday’s session, the World Health Organization helped subdue the Coronavirus fears from going into full panic mode and the markets sprang back up! But, as the coronavirus related deaths and confirmed cases rapidly rise, WHO is nowhere to issue at least a caution on the virus! With (more…)
Coronavirus And Consumer to Test the Markets’ Resilience Notwithstanding the political theater, the outbreak of coronavirus is joining hands with the earnings season to shape the next few weeks on the markets. “Record highs everyweek” will come to end sooner or later. Nevertheless, caution is advised to the bears itching to jump the gun and (more…)
