It’s a Red Hot Bull! After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The index cleared the upside target of 4106 last Friday and our models are indicating no near term threat to the bullish bias while the index is above 4106. For positional trading: Our models...
Bulls, Ensconced After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The index cleared the upside target of 4106 on Friday and our models are indicating no near term threat to the bullish bias while the index is above 4106. For positional trading: Our models indicate a long...
Target Reached! What Next? After turning cautiously bullish on Tue, 03/30, our models continue to sport bullish bias into today. The index cleared the upside target of 4106 on Friday and models are waiting to analyze further price action before forming any further targets next. For positional trading: Our models indicate a long bias while...
S&P 500 Hitting our Target Today? After turning cautiously bullish on Tue, 03/30, our models continue to sport the bullish bias into today. They will retain the bias while the index is above 4045, with an upside target of 4106. If things can continue at the same pace, we could be hitting our target in...
New Highs Every Other Day? As expected, no surprises with the FOMC meeting minutes released yesterday, and the markets continue to chug along to new highs. Is there still new money left to pour into the markets or is it going to catch some breath here? After turning cautiously bullish on Tue, 03/30, our models...
The Fed Punch Bowl How long will the Fed leave the punch bowl on the table? The FOMC meeting minutes to be released this afternoon might reveal some clues, and if so, it would be the next factor that determines the near term direction for the markets. Unless there is any negative surprise, expect there...
Relentless Move Up? After turning cautiously bullish on Tue, 03/30, our models continue to sport the bullish bias into today. End-of-quarter flows today as well as first-of-month flows tomorrow acted as tailwinds to push the SPX above the 4000 level decisively. Our models continue to sport a bullish bias while the index is above 4045,...
Markets Melting Up After turning cautiously bullish on Tue, 03/30, our models continue to sport the bullish bias into today. End-of-quarter flows today as well as first-of-month flows tomorrow acted as tailwinds to push the SPX above the 4000 level decisively. Our models continue to sport a bullish bias while the index is above 4045,...
First-of-the-month Fund Flows As we published in our trading plan yesterday: “After turning cautiously bullish on Tue, 03/30, our models continue to sport the bullish bias into today. End-of-quarter flows today as well as first-of-month flows tomorrow are likely to act as tailwinds for the markets”. We are seeing just that effect this morning, almost...
Unsustainable Flows or Next Bull Leg? Today’s market action could be skewed by first-of-month systematic investment flows. Today’s daily close and tomorrow’s early action could hold clues to the next leg of the markets. It remains to be seen if the climb up this week so far is for real or if it would fizzle (more…)
