Fed Pivot, Short Squeeze, or Bull Trap? Day 10 Based on the overnight futures markets’ moves by 9:25am on Thursday, 11/10, we published our last trading plans that stated: “Our models indicate not chasing this market to the long side, and not staying short either. Hence, we will be sitting out the market today”. Our (more…)
Markets Biting off More Than They Can Chew? Our trading plans stated yesterday morning: “Our models indicate caution to the bears as they indicate avoid shorting the index while it is above 4085 on a daily close basis. It might take a few more sessions for the markets to digest the recent upside moves, before (more…)
Digesting the Recent Upside Swing The post-FOMC rally has taken the index on an upside swing and the index has been consolidating above the consolidation range our models indicated last Friday (4030-4110). Our models indicate caution to the bears as they indicate avoid shorting the index while it is above 4085 on a daily close (more…)
Markets at an Inflection Point The post-FOMC rally has taken the index to an inflection point, and today’s action could be holding clues for the directional bias for the next few weeks. Models indicate a likely consolidation within a range of 4030 and 4110. A daily close outside this could propel the index in that (more…)
Our Models Sitting Out Today’s FOMC Action With the FOMC rate decision on tap later today, our models are indicating sitting out the post-FOMC action as they see all noise and no signal. This is especially prudent given the static nature of our trading plans published here. After flashing indications for a potential peak in (more…)
Chop Fest Till Tomorrow’s FOMC Event With the FOMC rate decision on tap for tomorrow, there may not be much of a directional action until then. Any attempts to try to predict potential directionality from the price action before that could prove a fool’s errand. After flashing indications for a potential peaking in the upside (more…)
Upside Momentum Likely Peaking Our last trading plans published last Friday, 07/15, speculated: “Next Week to See Some Movement?”. We did indeed see a strong upside momentum that blasted the index out of the 3855-3845 range and brought it to test 4000 level. After being in an indeterminate state for all this week, our models (more…)
Stuck for a Week – Next Week to See Some Movement? On the day our last published Trading Plans on Monday, 07/11, stated our positional trading plans going into an indeterminate state, the index closed at 3854.43. After the full week filled with very important economic releases and major earnings kick off – and, volatile (more…)
NFP Friday – Not Many Fireworks? The Non-Farm Payrolls numbers this morning did not really warrant any fireworks so far, despite the 10-year yields rising a bit pre-opening. The rest of the day’s action might mainly be driven by what happens to the yields. Barring any strong pull downwards, the bias remains to the upside. (more…)
Our Key Level is Again in Play – Day 2 After breaking through the 3793 level we published for the last few days, the index is now rushing to test the 3855 level our models have been talking about multiple times in the last few weeks. This is the “20% down from the last peak” (more…)
