Choppy, Widened Trading Range Our models have been looking for a daily close above 2510 to adapt a short term bullish bias, which we got yesterday as anticipated but the models are ignoring it now and looking for another daily close above 2510 on Monday for them to turn mildly bullish. The short term bottom (more…)
Shorts Beary Confused? Looks like the traders who were betting on the short side are trapped in the sustained upsurge in the markets, thanks to the fiscal stimulus bazooka and the Fed’s aggressive moves. Even today’s 3.28 million initial jobless claims do not seem to dent the market sentiment (at least not yet), as the (more…)
Short-term Bottom In, Or a Selling Opportunity Unfolding? The fiscal bazooka is now (almost) official! The overnight futures have gone through a wild range with the volatility ticking up. Is this going to be another “buy the rumor, sell the news” or is it a great buying opportunity? Investors seem to lack conviction while hedge (more…)
Is the (short-term) Bottom In, Yet? The markets have breached the levels from Trump’s Inaugural Day, 01/20/2017 (at 2271.31 on S&P 500 and 25516.83 on the Dow) yesterday and, as anticipated, the administration seems to be going all-in to defend those levels bringing out stimulus bazookas. We wrote yesterday morning, “In this election year, it (more…)
Can Trillions of Dollars Improve the Market Sentiment? The overnight index futures have dropped 5% and hit the “limit down” overnight, but have recovered by early hours and are pointing to potential gains today. The markets are testing the levels from Trump’s Inaugural Day, 01/20/2017 (at 2271.31 on S&P 500 and 25516.83 on the Dow). (more…)
S&P 500 Futures are down 5% and hit “limit down” within the first hour after opening! Tomorrow, it is likely we are going to open below the Trump Inaugural day’s level of 01/20/2017 (2271.31 on S&P 500 and 25516.83 on the Dow). Three years’ worth of market gains disappearing fast! With Institutional Quality Quantitative Research (more…)
Once-in-a-quarter Quadruple Witching Day The Quadruple Witching that occurs every third Friday of every calendar quarter end is going to obscure the underlying market currents today, with options related plays dominating the market moves. Investors are cautioned to not read too much into today’s market direction and not to extrapolate it into future outlook (aka (more…)
Current Markets are Infected by Heightened Volatility! The current markets are severely infected with heightened volatility and those who are not properly protected from/used to handling such markets should practice “market distance”. Otherwise, it could lead to not only deterioration in financial health but also in emotional health. As we have been iterating over the (more…)
If Your Stomach Churns, Avoid Roller Coasters! The wild market gyrations continue in the overnight futures markets with index futures hitting “limit down” again! The SPY ETF is indicating an opening losses of 200+ points! As we have been iterating over the last few days, unless you are required to trade (professional trader? obsessive compulsive...
If Playing (err, Trading) on These Wild Waves, Be Agile! The wild market gyrations continue in the overnight futures markets with dow futures up about 800+ points and then up about 200+ points by early hours. Unless you are required to trade (professional trader? obsessive compulsive trader?), better to sit out the markets for a...
