Market Goldilocks Scenario Coming to an End Fed Chair Powell’s statement this morning on tapering saw an immediate spike up in the indexes that is entering into a consolidation mode as of 10:40am EST. However you parse it, the statement clearly indicates that the taper is coming in, and coming in by the end of (more…)

Don’t Get Chopped Into Shorts Market movements need not make sense to anyone nor do they seldom follow or respect any valuation theories – at least in the short run. Unless you have deep pockets to withstand large drawdowns, or an aggressive intraday trader with abilities to act swiftly, going short this market could prove (more…)

Market Bull Standing His Ground! Last few sessions of weakness repeatedly tested our models’ published key levels of 4430 and 4385, but the daily close was not breached beyond the flat level, leaving our models in the flat mode since last Wednesday’s close. This morning’s action puts our models back into the bullish bias IF (more…)

Beginning of the End of the Bullish Regime? Our morning trading plans yesterday stated: “While the market-pundits parse every word from the Fed meeting minutes today and some go onto an analysis-paralysis, our readers can choose to take advantage of the simplicity and the efficacy of our actionable trading plans to determine their investment/trading actions (more…)

Fed Minutes Under the Microscope Today While the market-pundits parse every word from the Fed meeting minutes today and some go onto an analysis-paralysis, our readers can choose to take advantage of the simplicity and the efficacy of our actionable trading plans to determine their investment/trading actions based off of those minutes and the market (more…)

The Market Bull Standing its Ground The market’s pullback this morning lacked any depth and appears to be just a routine business-as-usual. Our models see no sights of any weakness in the index until there is a daily close below 4430. For positional trading: Our positional trading models have flipped to a bullish bias on (more…)

String of Record Highs to Continue? The index did take out the 4435 level we published on Tue, 08/03 in a convincing manner yesterday, Thu 08/12, and our models are flipping to a bullish bias (again, after the last 90+ point bagger long that we closed earlier) this morning for positional trading. It takes a (more…)

Precarious Ascent We wrote in yesterday’s trading plans: “Our models continue to indicate a cautious stance, wanting to see the index take out the 4435 level we published on Tue, 08/03 in a convincing manner today, and hold into the session close”. Our models are not convinced of the price action yesterday, and are not (more…)

Red Hot Bull or Red Hot Inflation? Although the “core inflation” is less than expected/feared, the market’s cheering of the numbers underlies the energy and food inflation that average Joes and Janes feels pinched by. And, it reflects a hope and expectation that the energy and food inflation would moderate soon, which remains to be (more…)