Yields, US Dollar, and Earnings The earnings driven momentum which started last week is extending into this week, mainly lead by softening USD and stalling bond yields. Until the Fed and/or the inflation takes the center stage again – likely in a few weeks – these could continue to be the main stories. Whether the (more…)
Setting Up for a Potential Drop in the Next Few Days The sell off post-NFP has bounced off of the key level of 3585 that we published in our last trading plan on Tue 10/11. As we wrote on that day, “How this support level holds up once the earnings season kicks off later this (more…)
Upside Momentum Likely Peaking Our last trading plans published last Friday, 07/15, speculated: “Next Week to See Some Movement?”. We did indeed see a strong upside momentum that blasted the index out of the 3855-3845 range and brought it to test 4000 level. After being in an indeterminate state for all this week, our models (more…)
Stuck for a Week – Next Week to See Some Movement? On the day our last published Trading Plans on Monday, 07/11, stated our positional trading plans going into an indeterminate state, the index closed at 3854.43. After the full week filled with very important economic releases and major earnings kick off – and, volatile (more…)
China, Powell, and Impeachment Hearings… The headlines involving the China trade war, Fed speak, and the impeachment hearings (is any investor really worried about them, yet?)…a lot of headline noise with no real substance confining the markets within a rather directionless, choppy range. A big directional move seem to be around, and when it comes (more…)
Markets Likely to Get Hurt by the Trade Agreement Bulls… Overnight futures indicate that the investors seem to be growing listless and confused by the trade agreement bulls…and are likely to call it what it is and begin to tune out the the rhetoric as manipulative and baseless, unless something concrete and credible is presented (more…)
The Bulls seem tired of all the Bulls… of the Trade War Politics With the reports of internal opposition in the white house and among the advisers about the “new phase-1 agreement” which is rolling back the “last new phase-1 agreement announced in October” (yes, October, 2019), investors seem tired of looking for a direction (more…)
The Main Outcome from the Tradewar is China (Headlines) Driving the US Economy and the Market Sentiment? Overnight futures are up strong on news (isn’t this getting tiring, yet?) that China and US have agreed to lift tariffs on each other at the same time, at the same rate. Big win…for whom? This protracted trade (more…)
This Feel-good Ride is Not Going to be Easy! The trade war related headlines seems to be the only game in town…for now. And, it can be as wild as a trigger happy tweet! No bear signs in the sight, but the bull ride could be due for a breather. Until clarity emerges on the (more…)
Is that a Bull Attempting another Peak? With news coming out of China contradicting (or proving, yet again, the desperate attempts to mislead people by our own government) the hype of “imminent deal (phase1, temporary, sham…what ever you might want to call it, depending on your political inclinations and/or preferences), markets may not necessarily be (more…)
