Fun Ride? Precarious Ride? This rally – interspersed by brief dips – might feel invincible and fun to be a part of…while it lasts. While most Wall Street veterans are sounding caution on valuation basis and the state of the economy, the pumping from the Fed seems to be keeping the bulls afloat. When it...
Key Level Back in Play! In last Friday morning’s plans, we wrote: “Our models are looking for a daily close below 3040 today for the downward pressure to continue. If we get it today, next week could see a gap down and a fierce showdown from the bears, and if not then yesterday’s slide is...
Key Level Broken, Gap Down… In last Friday morning’s plans, we wrote: “Our models are looking for a daily close below 3040 today for the downward pressure to continue. If we get it today, next week could see a gap down and a fierce showdown from the bears, and if not then yesterday’s slide is...
This Bull is Not Broken, Yet? Our models are looking for a daily close below 3040 today for the downward pressure to continue. If we get it today, next week could see a gap down and a fierce showdown from the bears, and if not then yesterday’s slide is just a consolidation on the way...
Consolidation or Crack-in-the-bull? With the indexes gapping down big this morning, it is likely that the recent froth in the markets is coming to dissipate. Our models are looking for a daily close below 3100 today to confirm. Our models reiterate to be extremely agile if shorting this market while the index is above 3100....
The Fed to Enflame or Water Down the FOMO Today! With the S&P 500 turning positive for 2020 this week, with most bears’ denial of market strength turning into dismay, today’s Fed interest rate decision (nothing much expected) and the following press conference (a LOT is riding on this) is likely to spark fireworks in...
How Long can the Fed and FOMO Keep Pushing this Market Up? With the S&P 500 turning positive for 2020 yesterday, and with the Fed meeting this week, and with most bears’ denial of market strength turning into dismay which could be adding to the FOMO factor of this market’s rally…expect the bulls to try...
Fed and FOMO to Accelerate Gains this Week? With the S&P 500 just about 1% away from turning positive for 2020, and with the Fed meeting this week, and with most bears’ denial of market strength turning into dismay which could be adding to the FOMO factor of this market’s rally…expect the markets to continue...
This Red Hot Bull Keeps Running Our theme this whole week has been, “With the predominantly – and overtly – bearish sentiment all around, there is room for further upside push/crush and our models caution against going short while above 3050”. Today’s meteoric rise on the heels of the surprise “gain” (of lost jobs) in...
Be Careful Playing With a Coiled Spring! With the breathtaking and head-scratching rally from the Covid-19 bottom that is leaving both pundits and laymen in awe, markets are approaching yet another set of key inflection points around 3100. As long as the supply of weak shorts continues and the real fundamentals of the markets have...
