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…)
Real or a Facade? Market futures dipped overnight and then are up meaningfully after the session open this morning. While our models caution to ignore today’s and tomorrow’s price action due to the Quarter-end window dressing today and first-of-month systematic investing flows tomorrow, current levels indicate potential move to the upside than downside while the (more…)
All Noise and No Signal With no real economic or market driving news headlines out there, it looks like the quarter-end window dressing might be the only game in town for the next couple of days – other than the debate tonight which may or may not have much of an impact on the markets. (more…)
Quarterly Window Dressing…Early? After easily taking the upper end of our models’ range of 3200-3250 on Friday, the index has gapped up and rallied strong this morning. With no real economic or market driving news headlines out there, it looks like the quarter-end window dressing has started early this quarter? It remains to be seen (more…)
Pondering Next Strike Yesterday’s attempt to recover some of the losses are being tested this morning. A daily close outside the range of 3200-3250 is needed for either side to gain an upper hand. Choppy, volatile trading within the range. Read below to check out our models’ trading plans for today, with specific entry and (more…)
Weaker Jobless Claims Unexpected? If you have been paying attention to the news flow and the reality on the grounds (not the political propaganda from either side) regarding the pandemic, you would not be surprised or despaired by the weaker jobless claims this morning. Rather, anyone with any common sense and independent thinking still intact (more…)
Choppy Trading in Broad Range Our trading plans yesterday morning stated: “After getting the shake-off our models have been calling for the last two weeks, they are flashing a bit of caution for the bears to not jump all-in yet. There could be a price action in the coming days towards filling the gap from (more…)
The Much-loved Bull Isn’t Dead, Yet After getting the shake-off our models have been calling for the last two weeks, they are flashing a bit of caution for the bears to not jump all-in yet. There could be a price action in the coming days towards filling the gap from yesterday at 3329. That level (more…)
