The FOMC Decision Week – Day 2 With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed’s decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the (more…)
The FOMC Decision Week – Day 1 With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed’s decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the (more…)
Good News, Bad News? – Day 2 As the earnings season is picking up the speed, markets seem to be buoyant on the sentiment that the worst is over. It may not take much for the market sentiment to turn the other way. But, until that happens, the momentum is to the upside. Positional (more…)
Good News Bad News? At the open, markets seem to be buoyant on the GDP and on Tesla earnings. It may not take much for the markets to interpret the good news on the GDP front as bad news on the interest rates. Our trading plans published yesterday, Tue. 01/24, stated: “With yesterday’s daily close (more…)
Roller Coaster Ride – Day 2 Our trading plans published yesterday, Tue. 01/24, stated: “With yesterday’s daily close above 3985, our models have flipped to a bullish bias and will remain bullish while the index is above 4000. Nevertheless, models indicate a rather choppy market while the index is below 4015”. As hypothesized, the market (more…)
Earnings Earnings Everywhere… With yesterday’s daily close above 3985, our models have flipped to a bullish bias and will remain bullish while the index is above 4000. Nevertheless, models indicate a rather choppy market while the index is below 4015. Positional Trading Models: Our positional trading models indicate going short on the close if the (more…)
Earnings Earnings Everywhere… The nature and the tone of this week’s earnings releases is likely to bring in some choppiness into the price action. According to the trading plans published on Friday, 01/20: “If the index closes above 3950 level, our models will switch from the cautiously bearish bias to a neutral bias. A daily (more…)
Upside Momentum Broken Down – Day 2 In our plans published Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. The lower bounds of this range has been decisively broken down yesterday. Our models are adapting (more…)
Earnings, Inflation, and China Re-start In our trading plans published Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. In our trading plans published yesterday, Tuesday 01/17, we wrote: “This range is still in effect for (more…)
Earnings Season Kickoff – Day 2 In our trading plans published on Friday, 01/13, we wrote: “With yesterday’s post-CPI spike in the markets and this morning’s early declines after the key bank earnings, the markets are sitting at a key inflection point. While today’s action looks like a consolidation and the probing of a major (more…)
