S&P 500 Index Made a Record High This Morning! What Now? Sixth time IS a Charm, after all! We wrote in our yesterday’s trading plans: “After failing four days in a row to breach the pre-pandemic record high, the index appears all set to test the record high and succeed this week, if not today”. (more…)
Institutional Investors Following Individual Investors?! With this morning’s new target from Goldman Sachs for 2020 year end S&P 500 Index – and, with JPMorgan joining them in the bullish outlook – the institutions appear poised to making the grounds ready for the next rally. Interestingly, this follows American Association of Individual Investors’ sentiment index recorded (more…)
Fourth Time’s a Charm? After failing three days in a row to breach the pre-pandemic record high, could the index try to test the record high and succeed today? If it succeeds, can it be sustained? Are there underlying economic factors supporting such move for the long term? These are the questions on almost every...
Almost There?! Regardless of the underlying economic rationale (or, lack thereof), the index appears on its way to test the record high set before the pandemic. Whether it can really breach the top and if it sustains it after that or falls back is anybody’s guess. As we wrote last week, “Structurally, there is no...
New High, Try Again? Depending on one’s perspective, Kamala Harris’ pick as Biden’s running mate could mean a more moderate Democratic platform and hence good for the markets even in case of a Democrats’ win in November, or a potential loss for Trump and hence bad for the markets. The reality might be something more...
The Index Gunning for a New High? Regardless of the underlying economic rationale (or, lack thereof), the index appears on its way to test the record high set before the pandemic. Whether it can really breach the top and if it sustains it after that or falls back is anybody’s guess. As we wrote last...
No Sign of the Bear, Anywhere As we wrote last week, “Structurally, there is no damage to the bullish bias in the S&P 500 index even if it might come under attack shortly. Until proven otherwise, bears need to wait before putting on any directional shorts. Our models caution against any shorts while the index...
Jobs Number Good or Bad? It Depends! The jobs report numbers this morning could be viewed as positive or negative, depending on one’s perspective. And, hence, the whipsaw in the index futures markets following the report. Structurally, there is no damage to the bullish bias in the S&P 500 index even if it might come...
Not a Bad-news is a Good-news? The jobless claims headlines this morning could feed the bulls even if the details could mean nothing good going on for the economy in the midst of this pandemic. Structurally, there appears more room for the current bull run although it might be running out of steam shortly. Until...
Is That a Bull? If it looks like a bull and feels like a bull, is it a bull? That seems to be the question on most people’s minds these days about the markets, and it is legitimate given that the unemployment situation seems to be getting worse with the pandemic and yet the financial...
