Bears Settling In – Do Not Get into Bull Traps Ahead The key range our models have been pointing to as holding the market since last Monday 12/10, has been breached to the downside on Friday 12/14 with the S&P 500 Index closing below the 2618 level (closed at 2599.95). Our medium term models have (more…)
It’s About China’s Economy, if Not Trade War There are a lot of narratives that can fit what is happening to/in the financial markets, and today it’s about China’s slowing economy. With or without all these narratives and headlines, we called – days before here – for a “breather” from the bear attacks AND a (more…)
Upper End of the Range in Play? The “breather” from any trend is typically characterized by choppy range trading for a while until the markets suddenly break out decisively and deeply in the direction of the trend or as a mark of ending the trend. Our models correctly called the “breather from the bear attack” on (more…)
Choppy Trading Until Break Out of The Range The “breather” from any trend is typically characterized by choppy range trading for a while until the markets suddenly break out decisively and deeply in the direction of the trend or as a mark of ending the trend. Our models correctly called the “breather from the bear attack” (more…)
A Sleeping Bear is No Bull! Our models correctly called the “breather from the bear attack” yesterday, which came true for yesterday’s second half of the session and which may extend into the next session or two. Nevertheless, as we said in yesterday’s forecast, do NOT take this as any “bullish” signs in the market! As (more…)
A Breather from Last Week’s Bear Attack? Our models point to potential breather today from the beating the markets took so far in December. However, models indicate caution against establishing any new, medium-term long positions as the bias is firmly bearish. Any spikes up could be followed by swift moves down, trapping any bulls that (more…)
US-China Meeting Weekend Preliminary Results Driving Wild Moves – Let the Noise Settle! As written in our Friday’s forecast, the US-China meeting has proved to be a big market mover over the weekend. All the markets (Stocks, Oil, Gold, Commodities, Currencies) have gapped significantly. Our models continue to sport the “indeterminate” bias and point to (more…)
Today, It’s About the FOMC and the Interest Rate Outlook! It’s the FOMC meeting minutes release day today, Thursday 11/29. In all probability, it would not be way too far out from what Powell spoke on Wednesday, so there may not be much fireworks in the market. Unless there are any surprises in the FOMC (more…)
Critical Headlines-driven Week In Progress – Don’t Jump the Gun! Our models have opened the post-Thanksgiving trading week with the prior two week’s aggregate profits of 154.75 points from the pre-defined trading levels on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions of sell-off. (more…)
Fed Speak, GDP, FOMC, China…Busy Headlines-driven Week Ahead Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
