All Noise and No Signal The potential inflection point our models were flashing yesterday seems to have manifested within the next few hours, with the markets’ steep drop in the afternoon session. Nevertheless, our models are NOT turning outright bearish but are still in an indeterminate state and are looking at evaluating the confirmation of...
Last Hurrah or the Next Leg Up? Day 2 The main theme for our trading plans since Friday, 01/08, has been: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. We are...
Last Hurrah or the Next Leg Up? The main theme for our trading plans since Friday, 01/08, has been: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. We are yet to...
Approaching a Breakdown? Day 5 Our trading plans last Friday stated: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. That has been the main theme for our trading plans this whole...
Consolidation or Breakdown? Day 4 Our trading plans last Friday stated: “For positional trading: While above 3780, our models continue to sport a bullish bias albeit with some cautionary stance as there could be some consolidation ahead. No bearish bias while above 3764”. The index, on Monday, could not breach the 3780 level, thus the...