Treacherous Markets – Models Indicate Using Any Up-swings to Sell Our models continue to book winning trades in these treacherous markets! Models continue to caution that any moves up could be potential bull traps – they indicate selling on any up-moves while the index is below 2610. Model Biases/Outlook: As we reiterated since the midterm elections, (more…)
Bears Settling In – Do Not Get into Bull Traps Ahead The key range our models have been pointing to as holding the market since last Monday 12/10, has been breached to the downside on Friday 12/14 with the S&P 500 Index closing below the 2618 level (closed at 2599.95). Our medium term models have (more…)
It’s About China’s Economy, if Not Trade War There are a lot of narratives that can fit what is happening to/in the financial markets, and today it’s about China’s slowing economy. With or without all these narratives and headlines, we called – days before here – for a “breather” from the bear attacks AND a (more…)
Upper End of the Range in Play? The “breather” from any trend is typically characterized by choppy range trading for a while until the markets suddenly break out decisively and deeply in the direction of the trend or as a mark of ending the trend. Our models correctly called the “breather from the bear attack” on (more…)
Choppy Trading Until Break Out of The Range The “breather” from any trend is typically characterized by choppy range trading for a while until the markets suddenly break out decisively and deeply in the direction of the trend or as a mark of ending the trend. Our models correctly called the “breather from the bear attack” (more…)
A Sleeping Bear is No Bull! Our models correctly called the “breather from the bear attack” yesterday, which came true for yesterday’s second half of the session and which may extend into the next session or two. Nevertheless, as we said in yesterday’s forecast, do NOT take this as any “bullish” signs in the market! As (more…)
A Breather from Last Week’s Bear Attack? Our models point to potential breather today from the beating the markets took so far in December. However, models indicate caution against establishing any new, medium-term long positions as the bias is firmly bearish. Any spikes up could be followed by swift moves down, trapping any bulls that (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 12/7” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The S&P 500 index resumed its intense selling, after news of the arrest of Meng Wanzhou, CFO of a Chinese telecom giant Huawei in Canada, at the behest of the U.S., (more…)
When You Can’t Explain What’s Going On…Stay On The Sidelines Until Clarity Emerges! The overnight volatility in the markets that led to a halt in the futures still remains inexplicable in the absence of any clear news that drove it! As our models forecast on Monday, 12/03, when the financial media headlines was touting hundreds (more…)
National Day of Mourning in Honor of Bush the 41 – U.S. Markets are Closed! The U.S. stock markets and treasury markets are closed on Wednesday to observe National Day of Mourning in Honor of George H.W. Bush, the 41st President of the nation. The markets will re-open tomorrow, Thursday, as per the regular schedule (9:30am (more…)
