The Bull Standing Its Ground…for Now Jobless claims worsening week by week, covid-19 getting worse, economy seems to be falling into an abyss…yet, the stock market is gunning back towards its all-time highs. Easy money flowing into stocks? Whatever may be your explanation, the market has regained its upside bias and it takes a daily (more…)
Politics in Over-drive Adding to the Stimulus Uncertainty “The only game in town until earnings season kicks in soon” that we referred to in our trading plans yesterday is now thrown into further disarray with what appears to be Trump’s familiar temper tantrum that halted any stimulus negotiations until after the elections. For our models, (more…)
Stimulus Deal, the Next Catalyst Markets are counting on – and, awaiting – the stimulus deal to make any real move in either direction. Unless something changes dramatically, that is the only game in town until earnings season kicks in soon. 3410-3370 is the key range our models are monitoring for today. Read below to (more…)
Goldilocks Counting on Stimulus Money Covid-19, worsening jobs scenario, potential political upheaval are being balanced (at least, for now) by investors’ hope for stimulus money freely flowing and feeding the market bull. At least, that is the theme the markets appear to be starting the new trading week with. 3330-3380 is the key range our (more…)
Corona Scare or New Stimulus Hope? The theme of our trading plans all this week has been: “It remains to be seen if the climb up this week so far is for real or if it would fizzle out on Friday, 10/02”. Sure enough, this morning, Friday, 10/02, we are seeing a re-evaluation of the (more…)
Unsustainable Flows or Next Bull Leg? Today’s market action could be skewed by first-of-month systematic investment flows. Today’s daily close and tomorrow’s early action could hold clues to the next leg of the markets. It remains to be seen if the climb up this week so far is for real or if it would fizzle (more…)
Real or a Facade? Market futures dipped overnight and then are up meaningfully after the session open this morning. While our models caution to ignore today’s and tomorrow’s price action due to the Quarter-end window dressing today and first-of-month systematic investing flows tomorrow, current levels indicate potential move to the upside than downside while the (more…)
All Noise and No Signal With no real economic or market driving news headlines out there, it looks like the quarter-end window dressing might be the only game in town for the next couple of days – other than the debate tonight which may or may not have much of an impact on the markets. (more…)
Quarterly Window Dressing…Early? After easily taking the upper end of our models’ range of 3200-3250 on Friday, the index has gapped up and rallied strong this morning. With no real economic or market driving news headlines out there, it looks like the quarter-end window dressing has started early this quarter? It remains to be seen (more…)
Pondering Next Strike Yesterday’s attempt to recover some of the losses are being tested this morning. A daily close outside the range of 3200-3250 is needed for either side to gain an upper hand. Choppy, volatile trading within the range. Read below to check out our models’ trading plans for today, with specific entry and (more…)
