Choppiness Driven by Geopolitical Headlines The overnight futures have seen choppy trading driven by the headlines about the oil tanker fires in the Strait of Hormuz – sentiment oscillating between knee-jerk sell-off and knee-jerk bid-up. In which direction the sentiment stabilizes for the session is anybody’s guess, and potentially determined by the technicals of (more…)
Earnings to Start Heating Up or Cooling Down the Market Action With the earnings season’s first busy week kicking off, it is imperative that the last week’s choppiness would give way in one direction or another. The talk about an “end of the current bullish leg” or the “run for a new high” likely to (more…)
Market Action Has Been How It Should Be – Boring! For the last few days, there have been no real market moving headlines and the market action has been just “boring” (to paraphrase a few of our readers). This is what a typical “consolidation” phase looks like. And, if you followed the markets for a (more…)
No Sherlock Holmes Needed to See the Bull’s Fingerprints All Around! Until some (any/if/when) major negative earnings story hits the markets, all indications in our models point to the high probability that the markets are going to consolidate the recent bullish leg and then extend it to new highs in the coming weeks. It would (more…)
Any Major Surprises to the Market Bull this Earnings Season? As the earnings to start to trickle down, all indications in our models point to the probability that the markets are going to consolidate the recent bullish leg and then extend it to new highs in the coming weeks – barring any major negative surprises (more…)
A Positive Start for the Earnings Season! The positive earnings from JP Morgan kicking off the season bodes well for the next bull leg on the horizon! Nothing more needs to be said here.As been advising here for the last many days, extreme caution should be exercised if shorting this market while the SPX is (more…)
Traders Waiting for a Catalyst to Push the Markets Up/Down With the major economic releases for the week and the FOMC meeting minutes out of the way, markets are listless and looking for a thrust to move out of the consolidation range of the last few days. Once the earnings releases start pouring in, there (more…)
Can Fed Minutes Cause Concern to the Relaxing Bulls? The CPI came in higher than expected, the Fed has been vowing to take it easy on the interest rates. What does the Fed know that the markets don’t, yet? Is it something that can upset the current bull run? That’s the economic story line for (more…)
Markets Getting Ready to Unwind Violently? Tomorrow’s ECB Rate Decision, followed by U.S. CPI release which is followed by FOMC meeting minutes and, the ever-present US-China trade talk “settlement” hype…a lot of headline risk for the markets to unwind violently towards new highs (rather than downwards) present this week. What follows once the earnings start (more…)
Markets to Begin Going Back to Basics? This week marks the beginning of the corporate earnings season, with some economic releases sprinkled across. These are likely to push the markets to start focusing on the economic fundamentals, sans any continued/new hype around the US-China trade talks. Any lack of upside moves should NOT be construed as (more…)
