Another Range Breakout being Tested The index had close on Friday that broke out of the range of 3950-3915 which our models published on the Fed’s decision day, Wed 03/17, but are about to fall right back into that range this morning. The index is struggling hard to clearly break out of this range for...

Right Back Into the Range! On the Fed’s decision day, Wed 03/17, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. The index struggled for...

The Fed Punch Bowl to be Taken Away…”one day” Markets seem to be reacting this morning to Fed Chair Powell saying that “one day” the Fed will stop the asset purchases! As if it is to be expected to last forever and this revelation from Powell is a surprise! That’s the futility of market headlines...

Range-bound Struggle On the Fed’s decision day, Wed 03/17, exactly one week back, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. With Thursday’s close...

Going in Circles? On the Fed’s decision day, Wed 03/17, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. With Thursday’s close at 3915.46 and...

It’s Caution Signs Everywhere! On the Fed’s decision day, Wed 03/17, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. Based on some comments received,...

It’s All About the Fed, Trader! Today’s Fed decision – and, its following press conference by Chair Powell – should give us a better look into how the divergent factors (such as inflation versus growth) at play might be dealt with by the Fed, and how the markets might perceive the likelihood that the Fed...

Divergent Factors at Play This week’s Fed meeting should give us a better look into how the divergent factors (such as inflation versus growth) at play might be dealt with by the Fed, and how the markets might perceive the likelihood that the Fed will succeed. In the mean time, the markets likely to continue...

Re-opening Trade at the Crossroads of Inflation versus Growth With last two trading sessions closing above our last published range of 3915-3865, our models are in a cautiously bullish bias mode. We need a daily close above 3945 for it to be sustainable. A close below 3885 negates this bullish bias. For positional trading, models...