Inflection Point Battles Future earnings getting hit by the fast-spreading Wuhan Coronavirus and the long time bullish leg getting technically damaged yesterday have put the bulls under tremendous pressure at least for the next couple of weeks. Nevertheless, the bears do NOT yet have any clear leg up or even an entry yet – it (more…)

Where is WHO? With their headlines late in Thursday’s session, the World Health Organization helped subdue the Coronavirus fears from going into full panic mode and the markets sprang back up! But, as the coronavirus related deaths and confirmed cases rapidly rise, WHO is nowhere to issue at least a caution on the virus! With (more…)

Coronavirus And Consumer to Test the Markets’ Resilience Notwithstanding the political theater, the outbreak of coronavirus is joining hands with the earnings season to shape the next few weeks on the markets. “Record highs everyweek” will come to end sooner or later. Nevertheless, caution is advised to the bears itching to jump the gun and (more…)

Hot Earnings to Melt the Markets Up? Notwithstanding the political theater, the nature of the earnings is going to shape the next few weeks on the markets. Regardless of that action, one can not expect record highs every session. Nevertheless, caution is advised to the bears itching to jump the gun and go short – (more…)

Earnings to Shape the Next Leg of this Market Notwithstanding the political theater, the nature of the earnings is going to shape the next few weeks on the markets. Regardless of that action, one can not expect record highs every session. For that reason, caution is advised to the bears itching to jump the gun (more…)

This Bull Appears Unstoppable! Yet another record high in the overnight futures taking the index closer to our 3334 level! However unstoppable the bull might seem, caution is warranted if the index stalls around that level. As we have been reiterating explicitly for the last many days,there is no imminent threat or slowing down to (more…)

Child’s Play of Record Highs? The earnings season in its early days seems to be kicking in yet another leg higher with record highs being registered in overnight futures markets. If 3300 is sustainably broken above, then we are looking at 3334 as a potential target. As we have been reiterating explicitly for the last (more…)

Earnings Triggered Inflection Point? The unusually high number of trades by both of our models indicate to a hard battle at the current levels and a potential inflection point forming, which could pivot the next leg of the market move in either direction. With the geopolitical tensions fading away, and the watered down “trade war” (more…)

Back to Basics Anytime Soon? With the geopolitical tensions fading away, and the watered down “trade war” (“Phase-1” anyone?) truce/deal playing the headlines ad nauseam, markets might be tempted to focus on some fundamental economic factors for a change, some time soon. The just-kicking-in earnings season could just be the pivot needed. The next leg (more…)