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...
Markets Approaching Another Set of Key Inflection Points 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...
Bears Feeding the Bulls? Covid-19, Unemployment, Racial unrest, Geopolitical tensions…they all seem non-existent if one were to look at the market charts of the last couple of months. While industry experts and business heads are talking of uncertainties and potential recessionary pains down the road, the markets seem to be ballooning up – fueled by...
Moving Forward to the Past? Before Covid-19, markets used to be spooked by the China issue (and, Trump’s tweets about it). Now, we seem to be moving forward to that past with the rising geopolitical tensions. The close above the widely followed 200-day moving average at around 3000 could come under test today, with the...
This Rally Getting Dizzy, Yet? With the close above the widely followed 200-day moving average at around 3000, the index is flying high above it in the overnight futures market. Can the index obliterate this level by rising further above it today or would it be struggling here for a while? Either way, it is...
Bull-market or Bald-eagle Market?! After failing to close above the widely followed 200-day moving average at around 3000, the index is giving it another try with flying high above it in the overnight futures market. Can the index obliterate this level in one fell swoop or would it be struggling here for a while? Either...
Bipolar Markets: Melt Up/Down with Hope/Despair Our models spent last couple of weeks pointing to the 2950 as the key level to clear. On Friday’s close above that level (with the close at 2955.45), S&P 500 Index appears set to steam way past it with vengeance, with the morning futures pointing to levels above 3010....
Consolidation or a Search for Direction? Yesterday’s close below 2950 (at 2948.51, to be specific) emphasizes the validity of our models’ thesis focused on the 2950 level. With the memorial day holiday on Monday, both the bulls and the bears might want to square off their positions and look for a fresh start next week....
