Near-term Top or New Base Likely this Week! Once the index crossed above the 3805 level mentioned earlier last week, it has swiftly taken the 3850’s handle, tested 3860, and has been struggling to breach it. This week likely to cement the 3850-60 as the new top or the new base for the next leg...
Last Hurrah or the Next Leg Up? Day 4 The long bias of our models has been working out well so far. The index is comfortably above the key 3780 level our models have been indicating since Friday, 01/08. Once crossed above the 3805 level mentioned earlier in the week, the index has swiftly taken...
Last Hurrah or the Next Leg Up? Day 3 The long bias of our models has been working out well so far. The index is comfortably above the key 3780 level our models have been indicating since Friday, 01/08. Once crossed above the 3805 level mentioned earlier in the week, the index has swiftly taken...
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...
Hope or Hype – Day 5: No Stimulus, Yet We started this week’s trading plans on Monday morning with: “Our models indicate an upward bias while the index is above 3640”. The theme continues so far. However, expect choppiness while between 3640 and 3705 on a daily close basis. Above 3705, would be the next...
Hope or Hype – Day 4: Melt Up? We started this week’s trading plans on Monday morning with: “Our models indicate an upward bias while the index is above 3640”. The theme continues so far. However, expect choppiness while between 3640 and 3705 on a daily close basis. Above 3705, would be the next leg...
Hope or Hype – Day 3: Choppiness Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly...
Hope or Hype – Day 2 Throughout the last week, our theme has been: “The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes”. It continues this week, with the added factor of an unprecedented event of a nearly $600...
