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…)

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…)

The FOMC Decision Day! No surprises in the rate decision just crossing the wires. Of course, the devil would be in the details, to be garnered from the press conference starting at 2:30pm. Nevertheless, our models are already indicating potential trading levels as below. Positional Trading Models: Our positional models are flat for now. Models (more…)

The FOMC Decision Week – Day 2 With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed’s decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the (more…)

The FOMC Decision Week – Day 1 With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed’s decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the (more…)

  Good News, Bad News? – Day 2 As the earnings season is picking up the speed, markets seem to be buoyant on the sentiment that the worst is over. It may not take much for the market sentiment to turn the other way. But, until that happens, the momentum is to the upside. Positional (more…)

Good News Bad News? At the open, markets seem to be buoyant on the GDP and on Tesla earnings. It may not take much for the markets to interpret the good news on the GDP front as bad news on the interest rates. Our trading plans published yesterday, Tue. 01/24, stated: “With yesterday’s daily close (more…)