Earnings Season Kickoff This Week With JP Morgan set to announce their Q3 earnings on the 13th, the earnings season is going to kick off in earnest this week. Whether the earnings are going to reignite the bull run or cool off the hot streak of the bulls remains to be seen. Our models thus (more…)
No Upside Drivers Until Earnings Season With the NFP numbers disappointing this morning, we see no real upside drivers to the markets at least until the earnings season kicks off in earnest in a week or two. Until then, bulls could come under increased pressure. Our models continue to sport a short bias. Positional Trading (more…)
Relief Rally or Another Bull Trap? Yesterday’s late come back and this morning’s follow thru could be a relief rally (government shutdown scare on hold, for now) or it could turn out to be yet another bull trap depending on the Non-farm payrolls tomorrow morning. We do not see the potential for any major positive (more…)
Be Cautious of Getting Chopped As we wrote in our morning trading plans yesterday, Tue 10/05: “Bulls’ Attempts to Recover May Not Have Much Strength”. That move up yesterday is almost undone this morning in the pre-market session, and is likely to unravel. As our morning trading plans stated on Mon 10/04: “Our models are (more…)
Bulls’ Attempts to Recover May Not Have Much Strength As we wrote in our morning trading plans yesterday, Tue 10/04: “Our models are anticipating continued downside to the markets this week, barring any unexpected positive headlines”. We do not see the potential for any major positive headlines anytime soon, and our models continue to sport (more…)
Positional Trading Models Short, Again Market action last week was just in line with our last Monday’s trading plans for the week – including the anticipated pop on Friday. Our models are anticipating continued downside to the markets this week, barring any unexpected positive headlines. Positional Trading Models: As per the morning trading plans for (more…)
Our Models are Re-iterating the Bearish Bias Market action has been more or less in line with our Monday’s trading plans for the week. Our position models have closed the short opened yesterday on a spike above 4355 around 11:05am EST yesterday, for a gain of 20 points. The first-of-the-month flows we referred to in (more…)
Positional Trading Models Went Short Yesterday The red-hot bull of the last few months/quarters appears somewhat broken. As we have been publishing throughout this week: “The Quarter-end and new month flows could play some role in supporting the markets towards this Friday, but what follows after that is beginning to look not good for the (more…)
Broadstroke “Forecasts” or Actionable Trading Plans? After rejecting the up move last week, declaring it as a potential “bull trap”, we published in our trading plans yesterday morning that our models were flashing caution signals everywhere. Not mere broadstroke “forecasts”, but our readers know that we include actionable, trading plans with clear buy and sell (more…)
Models Flashing Caution Signs Concerns about inflation (and rising yields) likely trumping the hope for continued strong recovery boosted by infrastructure spending. Markets are beginning to flash caution signs again. The Quarter-end and new month flows could play some role in supporting the markets towards this Friday, but what follows after that is beginning to (more…)
