Exhausted Bear, Tired Bull Markets have been struggling for some direction but finding none, yet. For now, there is no sustainable momentum in either direction, but we should expect every possible attempt to put a thrust to the upside in this election year. Our models indicate range-bound trading while the index is within the 3080-3120...
Yet Another re-run of The China Trade war Movie? Those who have been around in these markets even for a year can easily remember the days when the markets were moved around with well-timed Trade war related headline releases. Looks like the markets are seeing the rerun of that movie this morning. May be for (more…)
Directionless Markets Looking for Leadership Markets starting the week in a directionless mode. For now, there is no sustainable momentum in either direction. Our models indicate range-bound trading while the index is within the 3080-3120 region. Read below to check out our models’ trading plans for today. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF...
Markets Searching for a Direction Markets are yet at another inflection point around the 3090 level and searching for a direction for the short term. For now, there no sustainable momentum in either direction. 3090 is the level our models are monitoring for a daily close under. Read below to check out our models’ trading (more…)
Caution: Stomach Churning Ahead In spite of the Fed pumping in Trillions (with a T), the market might be losing steam in the coming few sessions on the persistent worries about the state of economy and the potential second wave of coronavirus. 3080 is the level our models are monitoring for a daily close under....
Fun Ride? Precarious Ride? This rally – interspersed by brief dips – might feel invincible and fun to be a part of…while it lasts. While most Wall Street veterans are sounding caution on valuation basis and the state of the economy, the pumping from the Fed seems to be keeping the bulls afloat. When it...
Consolidation or Crack-in-the-bull? With the indexes gapping down big this morning, it is likely that the recent froth in the markets is coming to dissipate. Our models are looking for a daily close below 3100 today to confirm. Our models reiterate to be extremely agile if shorting this market while the index is above 3100....