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...
End-of-Quarter Flows 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. It is to be seen what happens after these flows begin to ebb away. For positional trading, our...
Precariously Flying Above the Range The index had closed comfortably above the range of our models on the twelfth day since we posted it, and our models have turned cautiously bullish. For positional trading, our models indicate a short bias while the index is while above 3950 on a daily close basis, hold bias within...
Another Range Breakout being Tested The index had close on Friday that broke out of the range of 3950-3915 which our models published on the Fed’s decision day, Wed 03/17, but are about to fall right back into that range this morning. The index is struggling hard to clearly break out of this range for...
Right Back Into the Range! On the Fed’s decision day, Wed 03/17, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. The index struggled for...
The Fed Punch Bowl to be Taken Away…”one day” Markets seem to be reacting this morning to Fed Chair Powell saying that “one day” the Fed will stop the asset purchases! As if it is to be expected to last forever and this revelation from Powell is a surprise! That’s the futility of market headlines...
Range-bound Struggle On the Fed’s decision day, Wed 03/17, exactly one week back, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. With Thursday’s close...
Going in Circles? On the Fed’s decision day, Wed 03/17, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. With Thursday’s close at 3915.46 and...
It’s Caution Signs Everywhere! On the Fed’s decision day, Wed 03/17, our morning trading plans stated: “For positional trading, models indicate a long bias while above 3950 on a daily close basis and an indeterminate bias with a daily close between 3950 and 3915, and a short bias below 3915”. Based on some comments received,...
It’s All About the Fed, Trader! Today’s Fed decision – and, its following press conference by Chair Powell – should give us a better look into how the divergent factors (such as inflation versus growth) at play might be dealt with by the Fed, and how the markets might perceive the likelihood that the Fed...
