Goldilocks this Week? With the hype of the stimulus money, and the fear of a worsening Covid-19 outbreak both confirmed – and, with knee-jerk reactions to both in the last few days – markets are searching for a direction and are in a whip-saw mode. Our models’ key range’s upper end for this whole month,...
Directionless Choppiness With the hype of the stimulus money, and the fear of a worsening Covid-19 outbreak both confirmed – and, with knee-jerk reactions to both in the last few days – markets are searching for a direction and are in a whip-saw mode. Our models’ key level for this whole month, the 3640 level,...
Day 7 Uncertainty: What Next? With the hype of the stimulus money, and the fear of a worsening Covid-19 outbreak both confirmed – and, with knee-jerk reactions to both in the last few days – markets are searching for a direction and are in a whip-saw mode. Our models’ key level for this whole month,...
Day 6 Revelation: Hype It Was! Our trading plans on Friday morning stated: “The index tested our key level of 3705 yesterday with the daily close, but follow through on that today and on Monday would be the key to a sustained next leg up”. With the $900 Billion stimulus finally done, the gap down...
Hope or Hype – Day 5: No Stimulus, Yet We started this week’s trading plans on Monday morning with: “Our models indicate an upward bias while the index is above 3640”. The theme continues so far. However, expect choppiness while between 3640 and 3705 on a daily close basis. Above 3705, would be the next...
Hope or Hype – Day 4: Melt Up? We started this week’s trading plans on Monday morning with: “Our models indicate an upward bias while the index is above 3640”. The theme continues so far. However, expect choppiness while between 3640 and 3705 on a daily close basis. Above 3705, would be the next leg...
Hope or Hype – Day 3: Choppiness Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly...
Hope or Hype – Day 2 Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly $600...
Hope or Hype? Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly $600 billion company (Tesla)...
Inflection Point Next Week? The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. The index has been holding up pretty well despite the record setting Covid-19 outbreak. Now, the new game in the town is the old game of...
