Early Signs of Record Run Fatigue… In our model trading plans yesterday morning, we wrote: “After successfully calling the break to a record new high, our models point to a possible exhaustion in the leg-up before any meaningful continuation to manifest”. That “possible exhaustion” our models were pointing to materialized overnight (purportedly starting with the (more…)

Record High Exhaustion or Next Leg-up Exhilaration or… After successfully calling the break to a record new high, our models point to a possible exhaustion in the leg-up before any meaningful continuation to manifest. However, bears should not jump in to take any directional short positions yet, as the market internals point to bullish bias (more…)

S&P 500 Index Made a Record High This Morning! What Now? Sixth time IS a Charm, after all! We wrote in our yesterday’s trading plans: “After failing four days in a row to breach the pre-pandemic record high, the index appears all set to test the record high and succeed this week, if not today”. (more…)