Directionless Choppiness With the hype of the stimulus money, and the fear of a worsening Covid-19 outbreak both confirmed – and, with knee-jerk reactions to both in the last few days – markets are searching for a direction and are in a whip-saw mode. Our models’ key level for this whole month, the 3640 level,...
Day 7 Uncertainty: What Next? With the hype of the stimulus money, and the fear of a worsening Covid-19 outbreak both confirmed – and, with knee-jerk reactions to both in the last few days – markets are searching for a direction and are in a whip-saw mode. Our models’ key level for this whole month,...
Day 6 Revelation: Hype It Was! Our trading plans on Friday morning stated: “The index tested our key level of 3705 yesterday with the daily close, but follow through on that today and on Monday would be the key to a sustained next leg up”. With the $900 Billion stimulus finally done, the gap down...
Hope or Hype – Day 5: No Stimulus, Yet We started this week’s trading plans on Monday morning with: “Our models indicate an upward bias while the index is above 3640”. The theme continues so far. However, expect choppiness while between 3640 and 3705 on a daily close basis. Above 3705, would be the next...
Hope or Hype – Day 4: Melt Up? We started this week’s trading plans on Monday morning with: “Our models indicate an upward bias while the index is above 3640”. The theme continues so far. However, expect choppiness while between 3640 and 3705 on a daily close basis. Above 3705, would be the next leg...
Hope or Hype – Day 3: Choppiness Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly...
Hope or Hype – Day 2 Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly $600...
Hope or Hype? Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly $600 billion company (Tesla)...
Inflection Point Next Week? The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. The index has been holding up pretty well despite the record setting Covid-19 outbreak. Now, the new game in the town is the old game of...
Wild Ride Ahead The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. The index has been holding up pretty well despite the record setting Covid-19 outbreak. Now, the new game in the town is the old game of Stimulus...
