Yeah, Still Stuck within the Range! Despite what might appear as “the sky is falling down” kind of news about the GDP and the economy, and despite what might feel like a barrage of “market moving headlines”, the S&P 500 Index is still stuck within the 3200-3250 range that our models have been publishing for...
Lack of Leadership Ailing the Markets Lack of leadership ails the markets and keeps them stuck in a directionless choppy range – just like it does to the progress of any nation – as we have been witnessing for the last many sessions. As we wrote in our trading plans last Friday: “For a break...
Got Unstuck, Yet? As we wrote in our trading plans last Friday: “For a break down to the downside to manifest, we need a close below 3235 today, AND a close below 3200 on Monday”. Shorts should avoid the temptation to get into directional shorts while above 3200 on a daily close basis. Longs should...
Stuck in a Range? Our trading plans last Thursday mentioned: “With so much turmoil going on in the nation, the markets are flirting with making a new high but struggling to reach there. 3245-3275 is the key range that determines which way the S&P 500 Index could break out”. After closing below 3245 and with...
Break Out to the Downside? (Note to the language aficionados out there: no, it is not the same as a breakdown) Our trading plans yesterday mentioned: “With so much turmoil going on in the nation, the markets are flirting with making a new high but struggling to reach there. 3245-3275 is the key range that...
Key Inflection Points Ahead With so much turmoil going on in the nation, the markets are flirting with making a new high but struggling to reach there. 3245-3275 is the key range that determines which way the S&P 500 Index could break out. Wait for a daily close outside of that range to establish any...
Before Coronavirus, there Was China Pandemic politics suddenly seem to remember another scare/seduction they could use – the China case! Politicians on either side of our flawed(?) “two party system” (aka, our best choice can only be the lesser evil/idiot of the two) seem to be intent on weaponizing Coronavirus and China in the election...
Markets’ Climb Inexplicable? The raging pandemic is supposed to wreak havoc on the economy and jobs! The rising of Joe Biden in the polls and potential democratic control of the senate is supposed to be bad for the stock market! The supposed “Trump effect” on the stock market is supposed to vanish as Trump’s poll...
Markets Still Searching for a Direction For the last three weeks, our models have been indicating a trend-less, choppy trading range of 3235-3150 – on a daily close basis. It continues to be the theme and the key trading levels for today as well. Read below to check out our models’ trading plans for today....
Directionless Trading to Continue? We wrote on Wednesday: “models are looking for a close above 3235 today to adapt a bullish bias”, and for two days in a row the index has struggled to clear it. On the downside, 3200, and then 3150 are major hurdles to clear. Between 3235 and 3150 – on a...
