All Noise, No Signal? Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. This week so far, the index has attempted to break above the 3600 level (more…)

Bouncing Around the Broad Range Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. Our trading plans this Monday stated: “If the index achieves a daily close (more…)

Buy the Rumor, Sell the News? Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. Our trading plans yesterday stated: “If the index achieves a daily close (more…)

Range Breakout? Since Monday last week, our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. The whole week adhered to that theme. Overnight futures and the morning action indicates the 3600 level being tested. If the index achieves (more…)

Range Consolidation Our Trading Plans Monday (11/09) morning stated: “Our models indicate big moves unwinding for the next few weeks on either side. They sport a long bias while the index is above 3550, and a short bias below 3500”. That day, the index indeed closed at 3550.50 – just 0.50 points away from that (more…)

Bouncing Around Within Range Our Trading Plans Monday (11/09) morning stated: “Our models indicate big moves unwinding for the next few weeks on either side. They sport a long bias while the index is above 3550, and a short bias below 3500”. That day, the index indeed closed at 3550.50 – just 0.50 points away (more…)