Range Bound Consolidation – Day 9 The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that’s been playing out on the markets for a few days now. If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is (more…)
Range Bound Consolidation – Day 8 The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that’s been playing out on the markets for a few days now. If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is (more…)
Consolidation Ahead? Day 7 The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that’s been playing out on the markets for a few days now. If the index closes below 4150 today, our models indicate continued downward drift until some unexpectedly positive macro development shows up. If the index closes (more…)
Consolidation Ahead? Day 6 Unless the index closes above 4120 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. If the index closes above 4120 today, then we expect the choppy consolidation to be complete and a probable onset of another bullish leg, pending further confirmation. Positional Trading Models: (more…)
Consolidation Ahead? Day 5 On the fourth day since we first published “the surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place”, the index has clearly confirmed that its bullish momentum has dissipated, and our positional models have turned bearish with a (more…)
Consolidation Ahead? Day 4 The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis. Positional Trading Models: Our (more…)
Consolidation Ahead? Day 3 The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip (more…)
Consolidation Ahead? Day 2 The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip (more…)
Consolidation Ahead? The surge after the FOMC Wednesday and the NFP Friday last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you (more…)
Soft Landing, Big Tech Earnings…Goldilocks Dreams? The surge after the rather dovish Powell in the post-FOMC press conference, followed by the earnings from Meta…feeding the bullish spike in the markets, with investors potentially getting drunk on the dreams of Goldilocks scenario going forward. Until something harsh wakes them up to a different reality, this could (more…)
