Earnings Season Kickoff – Day 2 In our trading plans published on Friday, 01/13, we wrote: “With yesterday’s post-CPI spike in the markets and this morning’s early declines after the key bank earnings, the markets are sitting at a key inflection point. While today’s action looks like a consolidation and the probing of a major (more…)
Earnings Season Kickoff With yesterday’s post-CPI spike in the markets and this morning’s early declines after the key bank earnings, the markets are sitting at a key inflection point. While today’s action looks like a consolidation and the probing of a major resistance in the 200-DMA, the price action early next week could give us (more…)
Inflation Numbers Good, but Not Great The CPI numbers and Initial Jobless Claims this morning have not really provided any directional thrust other than a huge whipsaw. As of nearly one hour into the release, there is really no directional catalyst on the radar for today. Our models indicate choppy trading while the index is (more…)
Choppy, Range-trading Today In our trading plans published yesterday, Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. The index failed nearing the lower end of the resistance band and got repelled from there strongly. With (more…)
Resistance Band Held Yesterday In our trading plans published yesterday, Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. The index failed nearing the lower end of the resistance band and got repelled from there strongly. (more…)
Post-NFP Momentum Building Up…for Now In our trading plans published on Thursday, 12/22, we stated: “Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis”. And, our plans published on Friday, 01/06, we stated: “Our models indicate continued choppy trading while the index is within this (more…)
NFP Data Mixed – Be Wary of Jumping the Gun In our trading plans published on Thursday, 12/22, we stated: “Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis”. In spite of a lot of spiky price action since then, and despite the initial pop (more…)
New Year – Same Old Range In Play In our trading plans published on Thursday, 12/22, we stated: “Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis”. In spite of a lot of spiky price action since then, the index is still within this range (more…)
Happy Holidays! Take a Break We don’t need to trade every single day regardless of the liquidity or the market conditions! Thin liquidity and choppy, range-trading conditions are NOT conducive to the well being of your trading capital today, and for your Holidays coming up. Let’s take a break and spend time with family, friends, (more…)
Next Support Level – Confirmed – Day 2 In our trading plans published on Monday, 12/19, we stated: “…the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If (more…)
