Is This Bull Running On One Less Leg? If you are cynical about the current bull run in the markets in spite of the apparently worsening coronavirus crisis and its likely impact on the economic fundamentals of the global financial markets, you are not a cynic but an individual with some common sense. Yet, if (more…)

  Coronavirus or Current Earnings? The current earnings’ optimism seems to be trumping the coronavirus and its potential impact on the future earnings, and the markets seem unstoppable! Unless some marked improvement in the situation is noted (chances are bleak) with the worsening outbreak numbers and the overall situation, we can expect the earnings estimates (more…)

Can Markets be Immune to Coronavirus? With no breakthrough or improvement in the coronavirus situation, with increasing shutdown headlines (WeWork, Apple), it is to be seen how long the markets can be complacent about the potential economic fallout from the coronavirus crisis. Unless some marked improvement in the situation is noted (chances are bleak), we (more…)

NFP Numbers, Coronavirus, Options Expiration… Between the Non Farm Payrolls data (beating expectations, but unemployment rate rising a bit), the coronavirus whistle blower’s death in China and the potential for it to cause headaches to the Xi administration, the weekly options expiration, and the potential fatigue from the recent yo-yo run the market had…there is (more…)

Bulls, Slowdown! Bears, Don’t Jump the Gun! Our models are continuing to flash signs of choppy price action ahead – in both directions. In spite of the markets clearing the 3255-3310 range our models were looking for with the daily close yesterday above 3310, the price action is not indicative of a bullish directional bias, (more…)