Early Earnings Lifting Up the Markets The early cycle of financial sector earnings – boosted by loan loss reserve releases, among other factors – are lifting up the markets so far. This run could have some legs for the short term, and our models have flipped to cautiously bullish bias. Positional Trading Models: Our positional (more…)
Earnings Season Off to a Euphoric Start The earnings season has kicked off with major financial institutions beating the earnings estimates, and markets reacting positively. Loan loss reserves remaining untapped and being released could be a testament to the unprecedented support the government has extended the working class through the pandemic so far, and it (more…)
No Fireworks…Yet The much awaited earnings season kickoff and the inflation reports have come this morning at levels that seem to be underwhelming the markets and leaving the action just flat so far. “Not terrible” news is good news? We have to wait and see. Our models continue to sport a bearish-to-neutral bias. Positional Trading (more…)
Waiting for the First Major Earnings Releases Tomorrow Markets appear to be in a waiting mode for tomorrow’s kick-off of major Q3 earnings. Whether the earnings are going to reignite the bull run or cool off the hot streak of the bulls remains to be seen. Our models thus far are sporting a bearish-to-neutral bias. (more…)
Earnings Season Kickoff This Week With JP Morgan set to announce their Q3 earnings on the 13th, the earnings season is going to kick off in earnest this week. Whether the earnings are going to reignite the bull run or cool off the hot streak of the bulls remains to be seen. Our models thus (more…)
No Upside Drivers Until Earnings Season With the NFP numbers disappointing this morning, we see no real upside drivers to the markets at least until the earnings season kicks off in earnest in a week or two. Until then, bulls could come under increased pressure. Our models continue to sport a short bias. Positional Trading (more…)
Relief Rally or Another Bull Trap? Yesterday’s late come back and this morning’s follow thru could be a relief rally (government shutdown scare on hold, for now) or it could turn out to be yet another bull trap depending on the Non-farm payrolls tomorrow morning. We do not see the potential for any major positive (more…)
Be Cautious of Getting Chopped As we wrote in our morning trading plans yesterday, Tue 10/05: “Bulls’ Attempts to Recover May Not Have Much Strength”. That move up yesterday is almost undone this morning in the pre-market session, and is likely to unravel. As our morning trading plans stated on Mon 10/04: “Our models are (more…)
Bulls’ Attempts to Recover May Not Have Much Strength As we wrote in our morning trading plans yesterday, Tue 10/04: “Our models are anticipating continued downside to the markets this week, barring any unexpected positive headlines”. We do not see the potential for any major positive headlines anytime soon, and our models continue to sport (more…)
Positional Trading Models Short, Again Market action last week was just in line with our last Monday’s trading plans for the week – including the anticipated pop on Friday. Our models are anticipating continued downside to the markets this week, barring any unexpected positive headlines. Positional Trading Models: As per the morning trading plans for (more…)
