No Directional Drivers With the upside momentum appearing to start fading, and with inflation concerns not appearing to dent investors and corporates outlook, the markets could be meandering in a directionless manner for the near term. Positional Trading Models: Our Positional Trading Models went short on Wednesday, 11/10, on a break below 4672 (entry at (more…)
Upside Pressure is Easing For a change, markets seem to be searching for rationale to go up, leading to rapidly easing upside pressure. What follows next depends on what props the congress can try to put under the markets to further support it (more/new big government spending bills? Fed actively try to ease market fears (more…)
Another Record Inflation Number Out – “Transitory”? Another record inflation number in the CPI release this morning, as many expected. Markets seem to be trying to decide whether it should be considered as “transitory” or to begin worrying about inflation. As we have been writing here for the last two weeks, “Valuations, inflation concerns, and (more…)
Record Inflation Numbers – Markets to Start Worrying, Yet? As we have been writing here for the last two weeks, “Valuations, inflation concerns, and delta-plus worries” might come back onto investors’ radars sooner or later, even though they seem to have faded into the background in the momentum-frenzy that is being driven by earnings and (more…)
Results of Published Model Trades for WED 07/31 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. (please click here to view the Outlook and Trading Plans published in the morning, that these results refer to) THE GIST: Medium-Frequency Models: (more…)
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…)
