Sitting out till Tomorrow’s NFP Our models are ignoring Tuesday’s price action as noise and looking for today’s price action to determine the near term bias. Our proprietary indicators are flashing warning signs about the over-stretched bull run, but do NOT suggest taking on any fresh shorts until a clear signal emerges. Our trading plans (more…)

Playing on the Edge? Our models are ignoring yesterday’s price action as noise and looking for today’s price action to determine the near term bias. Our proprietary indicators are flashing warning signs about the over-stretched bull run, but do NOT suggest taking on any fresh shorts until a clear signal emerges. Our trading plans last (more…)

Sideways does Not Mean Down Our models point to a potential consolidation around the 3500 level today to cap the month of August. Whether consolidation becomes the theme for the week depends on how the price action unfolds tomorrow. Our trading plans last Monday morning stated: “Morning futures indicate a robust spike above the record (more…)

Is This Red-hot Bull Missing Something? When something looks too good to be true, most likely it is! The stunning rally in the markets looks beyond any rational valuations or economic fundamentals, and yet the markets keep scaling record highs on almost a daily basis. Is this sustainable? Only time can tell. Those itching to (more…)

It’s a Lot of Fun Until It’s Not! From our trading plans Monday morning: “Morning futures indicate a robust spike above the record highs just set on Friday. There is no sign of this strong momentum abating, yet. Until any signs to the contrary, shorts need to wait for their turn and not jump in (more…)

Fun Ride? Precarious Ride? From our trading plans Monday morning: “Morning futures indicate a robust spike above the record highs just set on Friday. There is no sign of this strong momentum abating, yet. Until any signs to the contrary, shorts need to wait for their turn and not jump in too early”. That theme (more…)

China Trade Talks – Again – To Pump the Markets More? After registering yet another record high, markets are now seeing overnight headlines attempting to tout “talks” between U.S. and China to strike a trade agreement (“Phase 1”, because a real agreement does not really look feasible?). Yes, for the umpteenth time…and, yes, it could (more…)

Last Hurrah or the Start of the Next Leg Up? For the last two weeks, the main theme of our daily morning trading plans has been: “our models do NOT point to any bearish bias, yet. Possible consolidation ahead while the index is between 3390 and 3340”. The theme remains intact for today, and possibly (more…)

Up or Down – the Road Ahead is Not Straight In our model trading plans on Wednesday 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” seems to be setting into the (more…)