Advantage None As we wrote in yesterday’s trading plans, bears should be careful not to jump the gun while the daily close is above 3050. For now, there is no sustainable momentum in either direction, but we should expect every possible attempt to put a thrust to the upside in this election year. Our models...
Bears Sizing Up the Opportunity to Strike With the index closing below the 3080 level that our models were looking for, we now consider the upside pressure eased on the markets. Still, bears should be careful not to jump the gun while the daily close is above 3050 (yesterday closed at 3050.33). For now, there...
Exhausted Bear, Tired Bull Markets have been struggling for some direction but finding none, yet. For now, there is no sustainable momentum in either direction, but we should expect every possible attempt to put a thrust to the upside in this election year. Our models indicate range-bound trading while the index is within the 3080-3120...
Yet Another re-run of The China Trade war Movie? Those who have been around in these markets even for a year can easily remember the days when the markets were moved around with well-timed Trade war related headline releases. Looks like the markets are seeing the rerun of that movie this morning. May be for (more…)
Directionless Markets Looking for Leadership Markets starting the week in a directionless mode. For now, there is no sustainable momentum in either direction. Our models indicate range-bound trading while the index is within the 3080-3120 region. Read below to check out our models’ trading plans for today. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF...
Markets Searching for a Direction Markets are yet at another inflection point around the 3090 level and searching for a direction for the short term. For now, there no sustainable momentum in either direction. 3090 is the level our models are monitoring for a daily close under. Read below to check out our models’ trading (more…)
Caution: Stomach Churning Ahead In spite of the Fed pumping in Trillions (with a T), the market might be losing steam in the coming few sessions on the persistent worries about the state of economy and the potential second wave of coronavirus. 3080 is the level our models are monitoring for a daily close under....
Fun Ride? Precarious Ride? This rally – interspersed by brief dips – might feel invincible and fun to be a part of…while it lasts. While most Wall Street veterans are sounding caution on valuation basis and the state of the economy, the pumping from the Fed seems to be keeping the bulls afloat. When it...
Key Level Back in Play! In last Friday morning’s plans, we wrote: “Our models are looking for a daily close below 3040 today for the downward pressure to continue. If we get it today, next week could see a gap down and a fierce showdown from the bears, and if not then yesterday’s slide is...
Key Level Broken, Gap Down… In last Friday morning’s plans, we wrote: “Our models are looking for a daily close below 3040 today for the downward pressure to continue. If we get it today, next week could see a gap down and a fierce showdown from the bears, and if not then yesterday’s slide is...
