Bears Getting a Little Bolder? As our models were indicating over the last two weeks, we could have seen the crescendo at the 61.8% retracement around 2950 during the last week of April, unless the index successfully tests that level this week. Between 2850 and 2950, our models would be in an indeterminate state, below (more…)
Bulls and Bears…Feeling Tired… Last Monday (05/04) morning we wrote: “The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that”. Of course, we didn’t get (more…)
Tired Bulls, Timid Bears Last Monday (05/04) morning we wrote: “The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that”. Of course, we didn’t get (more…)
Our Models are Sitting out the Markets Today Yesterday morning our Trading Plan said: “As our models were indicating all week last week, we could have seen the crescendo at the 61.8% retracement around 2940 last week, unless the index reclaims the 2900 handle this week. Can we manage to get a daily close above (more…)
All Noise and No Signal Monday morning we wrote: “The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that”. Of course, we didn’t get that (more…)
All Sizzle and No Steak – Market Action Lacks Direction Monday morning we wrote: “The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that”. Of (more…)
Back-to-business going to be a Kool-Aid, Tonic, or Toxin? Yesterday morning we wrote: “The worse than estimated GDP contraction, the 30+ million total job losses, and mainly, Warren Buffet sitting tight on his hand…seem to be finally catching up with the markets this week? A daily close below 2780 today will confirm that”. Of course, (more…)
First-of-month Flows Still Alive to Keep the Bear at Bay? The last few years of first-of-month inflows trend might continue for this month, given the strong rally last month, and if so, it could help keep the bear at bay today. The worse than estimated GDP contraction yesterday, the 30+ million total job losses as (more…)
Something Missing from this Red Hot Bull? The market’s run of late has been as if we are continuing the historic economic expansion into the 2019/2020 unabated and never heard of the word “pandemic”! The worse than estimated GDP contraction yesterday, the 30+ million total job losses as printed in the initial claims this morning…are (more…)
The Last Hurrah or the Next Leg up of the Bull? For the last couple of sessions we have been referring to the key 2830-2850 level for a breakout or rejection. We wrote, “A breakout above would have the bulls gunning for 2900 and then 2940, IF they can manage to close above the key (more…)
