Last Hurrah or the Next Leg of the Bull? The key earnings and the Fed rate decision have come in as positive as can be hoped for. The resulting upside pressure this morning is pushing the markets to new highs, yet again. Will this sustain or is this the last hurrah of the current bull...
Earnings and The Fed Decision – Wait and See The key earnings and the Fed rate decision (and, outlook) this week will determine whether the 4200 level will be tested and then whether it will act as a resistance or will turn into a new support level. Markets appear to be in a wait-and-see mode...
More Key Earnings this Week The rebound from the key support level of 4125 that our models have been monitoring has been decisive and strong, indicating a possible test of the 4200 level. The key earnings this week will determine whether the 4200 level will act as a resistance or will turn into a new...
The Bull Standing Strong The key support level of 4125 that our models have been monitoring has been tested two days in a row only to see the index swiftly rocket higher, indicating a possible next leg shaping up in the markets. Whether that leg will be higher or lower is not yet discernible. After...
Strong Jobs, Strong Economy = Inflation Worries? Our trading plans yesterday stated: “The index is likely to test our 4125 level this week, following the disappointing subscriber growth from Netflix. Whether it acts as a strong support or buckles under the tech unraveling is to be seen”. The index reached the session low of 4126.35...
Earnings Earnings Everywhere… The index is likely to test our 4125 level this week, following the disappointing subscriber growth from Netflix. Whether it acts as a strong support or buckles under the tech unraveling is to be seen. After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The...
Earnings to Drive This Week’s Markets Key earnings this week are going to be under microscope and will set the tone for the markets in the near term. Yields are, of course, going to be the wild card. After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The...
Critical Earnings Week! Critical earnings this week are going to be under microscope and set the tone for the markets in the near term. Yields are, of course, going to be the wild card. After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The index cleared the upside...
It’s a Red Hot Bull! After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The index cleared the upside target of 4106 last Friday and our models are indicating no near term threat to the bullish bias while the index is above 4106. For positional trading: Our models...
It’s a Red Hot Bull! After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The index cleared the upside target of 4106 last Friday and our models are indicating no near term threat to the bullish bias while the index is above 4106. For positional trading: Our models...
