Choppy Markets Hurting both Bulls and Bears? Despite the bounce yesterday, the index is yet to break out of the range our models have been pointing to for a while. Last week, our trading plans declared: “Models now are indicating a slightly bearish bias. 3370, 3350, and 3300 areas to be next battlegrounds before further (more…)

Hold On Tight! After hitting the correction territory, the tech stocks are attempting to stage a comeback this morning. It is to be seen if the broader index would be able to break out of the range we have been pointing to. There is no clear bias while the index is within the range. Last (more…)

The Bear is Just Peeking! Last week, our trading plans declared: “Models now are indicating a slightly bearish bias. 3370, 3350, and 3300 areas to be next battlegrounds before further bias develops”. In spite of today’s early session’s bearish action, we are still within the 3350-3370 range as the key battleground. Our models are flashing (more…)

Sitting out till Tomorrow’s NFP Our models are ignoring Tuesday’s price action as noise and looking for today’s price action to determine the near term bias. Our proprietary indicators are flashing warning signs about the over-stretched bull run, but do NOT suggest taking on any fresh shorts until a clear signal emerges. Our trading plans (more…)

Playing on the Edge? Our models are ignoring yesterday’s price action as noise and looking for today’s price action to determine the near term bias. Our proprietary indicators are flashing warning signs about the over-stretched bull run, but do NOT suggest taking on any fresh shorts until a clear signal emerges. Our trading plans last (more…)

Sideways does Not Mean Down Our models point to a potential consolidation around the 3500 level today to cap the month of August. Whether consolidation becomes the theme for the week depends on how the price action unfolds tomorrow. Our trading plans last Monday morning stated: “Morning futures indicate a robust spike above the record (more…)

Is This Red-hot Bull Missing Something? When something looks too good to be true, most likely it is! The stunning rally in the markets looks beyond any rational valuations or economic fundamentals, and yet the markets keep scaling record highs on almost a daily basis. Is this sustainable? Only time can tell. Those itching to (more…)

It’s a Lot of Fun Until It’s Not! From our trading plans Monday morning: “Morning futures indicate a robust spike above the record highs just set on Friday. There is no sign of this strong momentum abating, yet. Until any signs to the contrary, shorts need to wait for their turn and not jump in (more…)

Fun Ride? Precarious Ride? From our trading plans Monday morning: “Morning futures indicate a robust spike above the record highs just set on Friday. There is no sign of this strong momentum abating, yet. Until any signs to the contrary, shorts need to wait for their turn and not jump in too early”. That theme (more…)