Yet Another Bull Trap Called! While the TV talking heads were all telling you to buy into the post-Fed rally, we published our trading plans last Thursday morning with CAUTION as the theme. The index gave up more than 200 points (around 5%) since then, and our models escaped the rout unscathed! We thank our (more…)

When Bad News is Celebrated ‘Cause It’s Not Worse Notwithstanding the FOMC’s initiation of aggressive tightening with yesterday’s 50 basis points hike in interest rates, markets seemed to have celebrated that the committee was not considering a 75 basis points hike. That steep rise in markets seem to be dissipating in the first hour of (more…)