The “Record-High-Inflation and Record-High-Stocks” Goldilocks Scenario to Continue Forever? After struggling for eight days in a row, the index recorded yet another record high intra-day yesterday, but the follow through was disappointing. The high read on the inflation data could be keeping a lid on the gains for sometime, unless and until the inflation is (more…)
Struggling to Scale New Highs For the seventh trading day in a row, the S&P 500 index has been struggling to record a new high. A daily close above 4245 can unleash a fresh wave of buying, but it still remains an elusive target for the bulls. For positional trading: Our models indicate a long (more…)
Models Flashing Caution Signal On our trading plans for Tue, 06/01, we wrote: “A failure to sustain that (new peak) could mark the high for the index for some time to come”. The index not only failed to make a new high on the flows of the first-of-the-month, but the price action lead our models (more…)
Next Peak on First-of-the-month? Our regular readers are familiar with the first-of-the-month hypothesis we publish here. It is that time of the month, again…our models indicate a potential to register a new high on the index today. A failure to sustain that could mark the high for the index for some time to come. For (more…)
It’s a Bull Unless Proven Otherwise! With yesterday’s close above 4185 (for a third day in a row), our models are in outright bullish bias. A daily close below 4180 is needed for them to negate this bias. For positional trading: Our models indicate a long bias while the index is above 4180, and a...
Spiky Markets With yesterday’s close above 4185, the index is attempting to turn bullish; today’s close will confirm if this is a new leg to the upside or if it is yet another spiky action that would only spook the bulls. For positional trading: Our models indicate a long bias while the index is above...
Choppy Week Continues… The index continues to be in a whipsaw zone where the price action would be choppy. After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. Currently our models are sporting a flat bias (no open positions). A daily close below 4098 is needed for...
Choppy Trading Within the Broad Range After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. The index is likely in a whipsaw zone where the price action would be choppy. Currently our models are sporting a flat bias (no open positions). A daily close below 4098 is...
Testing the Models’ Range After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. The index is likely in a whipsaw zone where the price action would be choppy. Currently our models are sporting a flat bias (no open positions). A daily close below 4098 is needed for...
Don’t Get Chopped by Knee-jerk Trading! After turning bullish on 03/30, on Wednesday, 05/12, our models turned bearish with the close below 4110. The index is likely in a whipsaw zone where the price action would be choppy. Both bulls and bears need to be cautious against entering trades without clear confirmations. For positional trading:...
