Earnings Euphoria to Power the Markets Ahead! Is It Sustainable? Facebook and Boeing are just a couple of names to beat the estimates. Couple with this the dovish Fed, and lack of any major geopolitical news (notwithstanding Venezuela), and we can see why the markets are acting giddy with euphoria! Unless something totally unexpected pops (more…)
Apple and FOMC – Main Drivers of Today’s Market Sentiment Apple’s earnings last night (“the worst is over”?), FOMC Interest Rates decision this afternoon, and the key technical levels to be the main drivers of the market action today. As we have been indicating since 01/09, the index is looking at strong resistance level around (more…)
Earnings, China, Venezuela, and the Fed! That’s a Lot on The Agenda this Week! Besides key earnings, the boiling geopolitical situations, the Fed meeting this week, and the key technical levels…there is a lot riding on this week’s market agenda, which could cause occasional wild gyrations. As we have been indicating since 01/09, the index (more…)
Back to Basics! Earnings to be the Main Focus this Week! Investors to shift their focus back to basics – and, examine the earnings from companies closely this week. As we have been indicating since 01/09, the index is looking at strong resistance level around 2665-75, and it is yet to clear the 2675 level. (more…)
Results of Published Model Entries and Exits for Friday 01/25 Per the plans published in the morning on Friday 01/25, our medium-term models as well as our aggressive intraday models did not trigger any trades as the index opened above the entry level and never traded below it to trigger any trades on the cross (more…)
The Drift Higher To Continue? Since Wed, 01/09, our models have been sporting a bullish bias which will be invalidated if the index registers a daily close below 2623. While above 2633, our models continue reiterating the bullish bias. The index is looking at strong resistance level around 2665-75, and if it closes above 2675 on (more…)
Results of Published Model Entries and Exits for Thursday 01/24 Per the plans published in the morning today, our medium-term models did not trigger any trades today whereas our aggressive intraday models’ trades lost 8.01 index points on one short trade. Below, you will find the detailed tracking of our models’ trading plans for the (more…)
Earnings, Economic Releases, Geopolitics…A Packed Day for Headline Risk today Major earnings releases (Intel, Starbucks, American Airlines, Southwest, Union Pacific, Discover Financial etc), key economic releases (initial jobless claims, PMI, regional fed survey), and geopolitical events (European Central Bank, Venezuela, China)…today’s market calendar is packed with headlines-driven event risk. The index is facing the big (more…)
Results of Published Model Entries and Exits for Wednesday 01/23 Per the plans published in the morning today, our medium-term models’ trades yielded 0.14 index points in gains whereas our aggressive intraday models’ trades gained 6.14 index points on one short trade. Below, you will find the detailed tracking of our models’ trading plans for (more…)
Markets Approaching an Inflection Point? (theme continued from yesterday) As we pointed out, S&P 500 index registered eleventh consecutive green candle on the daily charts (on an open-close basis) on Friday, 01/18, and it was to be expected to be broken, which it did yesterday with the close in the red. The index is now (more…)
