Friday’s Close Points to the Grinch! The index closed below the key 2440 level on Friday (12/21), crushing the last hopes some held for the Santa to show up in the markets. All indications are that the Grinch is dancing all over the market this holiday season. Today being a half day, expect stop-loss related (more…)

Dead Cat Bounce or An Interim Low Set Yesterday? Today’s Close Might Hold Clues! While indicating potential spike up today for some respite from the last two days of beating, our models continue to caution that any moves up could be potential bull traps while the index is below 2535. The index has to register (more…)

Not Much to Boost the Markets In the Near Term – Any “Oversold” Bounce May be Short-lived 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 2535. The next key support lies around 2475.   Model Biases/Outlook: As we reiterated (more…)

Today, It’s All About the Fed and the Interest Rates Outlook! 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 (more…)

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…)