Directionless Trading to Continue into the G-20 Summit Weekend Barring any major, unexpected economic or geopolitical headlines, the markets are likely going to be in a holding pattern until the G-20 summit, which could shed some light on the potential for any resolution to the trade war. With the interest rate cut hopes drying up, (more…)
Powell’s Diffidence-turned-Dissidence to Torpedo Markets Buoyed by Rate-cut Hope/Hype? Chairman Powell’s remarks cautionary words about not succumbing to “short term political pressures” should – and did – sound alarm bells for the markets buoyed mainly by hope/hype about imminent interest rate cuts starting in as early as July. Can the markets sustain Powell’s dashing (more…)
Markets to Look at Consumer Confidence and Powell’s Diffidence for Direction Last week’s record highs in the markets were driven by the Fed’s stand on standing pat on the interest rates. Today’s consumer confidence numbers could throw some light onto their rationale. And, Chairman Powell’s remarks later today (at 1pm ET) could be what the (more…)
Thursday’s Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory? Last Thursday’s all time high in the S&P 500 Index was accompanied by the month’s second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday’s significantly high volume (more…)
New Leg of the next Bull Run or the Last Gasp? Yesterday’s all time highs were accompanied by the month’s second highest volume, shooting down concerns of weak volumes. Was it the beginning of another leg of the bull run or is it going to prove to be the last gasp of the market (more…)
The gap we cautioned about in our morning publication is filled with the S&P 500 Index registering a session low of 2931.50! As per the trading plans published in the morning (click here to view the plans), our Aggressive Intraday Models have made one profitable trade by shorting on the SPX crossing below 2948 and (more…)
Jumping Into the Gaps Can be Dangerous – with a Real Train or the Bull Train Overnight futures of S&P 500 Index have printed record highs and the regular session is likely to gap up and trade to all time highs, presumably as manifestation of the delayed overreaction to the Fed’s interest rate decision (more…)
When Everyone and Their Grandmother “Knows” What the Fed and the Market are Going to Do… When everything looks and feels so obvious and everyone knows what the market is going to do (“Fed indicates they are going to lower the interest rates soon, and the market rockets upwards”, of course), it might be (more…)
Markets Waiting for the Fed Tomorrow to Unwind It is the Fed’s announcement tomorrow that the market players are holding their breath for, even though what the Fed is going to do is almost a given. Any negative surprise could violently shake the markets, while reconfirmation of the market expectations could power it towards (more…)
Interest Rates, with a Sprinkling of China, to Drive this Week’s Market Sentiment With Chip stocks’ earnings on the radar, China is still one of the main factors weighing on the markets. The Fed’s stand on the interest rates are going to dominate all other headlines till at least Wednesday. With the markets hoping (more…)
