Directionless Markets Looking for Leadership Markets starting the week in a directionless mode. For now, there is no sustainable momentum in either direction. Our models indicate range-bound trading while the index is within the 3080-3120 region. Read below to check out our models’ trading plans for today. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF...
Markets Searching for a Direction Markets are yet at another inflection point around the 3090 level and searching for a direction for the short term. For now, there no sustainable momentum in either direction. 3090 is the level our models are monitoring for a daily close under. Read below to check out our models’ trading (more…)
Caution: Stomach Churning Ahead In spite of the Fed pumping in Trillions (with a T), the market might be losing steam in the coming few sessions on the persistent worries about the state of economy and the potential second wave of coronavirus. 3080 is the level our models are monitoring for a daily close under....
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...
