Fed Pivot Potential or Short Squeeze? This morning’s softer-than-expected CPI numbers triggered an intense upswing in the futures and a downswing in the yields, especially in the shorter end making the yield curve’s inversion a little less steeper. Could this be indicative of the potential for the much-anticipated “Fed pivot” in the near future or (more…)
Election Results Not Leading to Any Directionality, Yet The much anticipated mid-term elections’ results have left the markets scratching their heads – the much-touted Republican sweep not panning out appears to be taking some steam out of the bulls. While it is too early to tell, for today, there doesn’t seem to be any upward (more…)
Optimism Bottoming? As we wrote in our pre-FOMC release trading plans published yesterday: “Everything depends on the Fed speak today and how determined chair Powell sounds on future outlook. There are a lot of sources out there with extensive analysis – we won’t go into that here. We just give you the trading plans, if (more…)
Fed’s Decision Day! Potential Inflection Point in the Markets! Everything depends on the Fed speak today and how determined chair Powell sounds on future outlook. There are a lot of sources out there with extensive analysis – we won’t go into that here. We just give you the trading plans, if any, on how you (more…)
Yields, US Dollar, and Earnings – Day 3 As we wrote in our trading plans for Tue. 10/25: “The earnings driven momentum which started last week is extending into this week, mainly lead by softening USD and stalling bond yields. Until the Fed and/or the inflation takes the center stage again – likely in a (more…)
Yields, US Dollar, and Earnings The earnings driven momentum which started last week is extending into this week, mainly lead by softening USD and stalling bond yields. Until the Fed and/or the inflation takes the center stage again – likely in a few weeks – these could continue to be the main stories. Whether the (more…)
Setting Up for a Potential Drop in the Next Few Days The sell off post-NFP has bounced off of the key level of 3585 that we published in our last trading plan on Tue 10/11. As we wrote on that day, “How this support level holds up once the earnings season kicks off later this (more…)
Key Support Level Being Tested Heading Into the Earnings Season The sell off post-NFP is testing the key level of 3585 on the index. If the index closes below that on a daily close basis, then we might be heading for a new post-pandemic lows. The index tested that level yesterday and today, with a (more…)
Be Cautious of Getting Chopped Into the NFP Friday The early October action this week looks to be testing some resistance levels until this Friday’s NFP release, with choppy spikes in both directions on the way. What happens post-NFP is anybody’s guess, and depends on how the numbers look. As we wrote in our trading (more…)
Markets Setting Up For NFP Friday With the yields beginning to ease off a bit, and the earnings season not in until late next week, this week’s action looks to be testing some resistance levels until this Friday’s NFP release. What happens post-NFP is anybody’s guess, and depends on how the numbers look. In our (more…)
