After sitting out the markets for the last few sessions, both our medium-frequency and aggressive intraday models have made trades today. Results of our models' trading plans for the day - published in the morning - are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency...
The Market Fireworks - Enjoy While It Lasts While it is an open question whether we got a trade war resolution, it is being celebrated with spectacular fireworks (for now). Enjoy the show (for now) and trade/tread safely. The chart depicts the levels of the Model Trades' entry and exit points we published this morning. Your results will vary depending on the...
Almost every major financial news media outlet predicted the outcome of a thin-on-details "truce" on further tariffs than any substantive progress towards an agreement or a resolution to the trade war. And, yet, the overnight futures action is exuberant and indicating significant gap up in S&P 500 Index on the open. It is highly improbable that this bidding up is...
This Weekend's G-20 Summit the Destination or a Soujorn for the Long, Winding Trade War? We all have seen this movie before - we are told, "we are just about to announce the trade agreement" only to realize that there was really nothing of substance to see - for months! Will this weekend's G-20 summit hopes be any different? Investors seem to be "cautiously...
Results of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. GIST: ------- Medium-Frequency Models: No trades triggered today as the index traded well below the trigger levels. Aggressive, Intra-day Models: Lead to a loss of 9.80 index...
Directionless Trading to Continue into the G-20 Summit Weekend With the interest rate cut hopes drying up, a trade war resolution is the next best thing to boost the markets. Until then, it would likely be a directionless, choppy trading in a tight range. The chart shows the trading plans indicated for today by our models (for further details, please check our...
Results of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. GIST: ------- Medium-Frequency Models: No trades planned for the day. Aggressive, Intra-day Models: No trades triggered for the day, as the models missed a short entry by 1.5...
Powell's Diffidence-turned-Dissidence to Torpedo Markets Buoyed by Rate-cut Hope/Hype? Can the markets sustain Powell's dashing of interest-rate-cut hopes? Our models are closely monitoring the market action patterns for any clues and are not clear about an answer to that as of now. Check out below the trading plans indicated for today by our models: (not...
Results of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. GIST: ------- Medium-Frequency Models: No trades planned for the day. Aggressive, Intra-day Models: No trades triggered for the day, as the models missed a short entry by 1.5...
Markets to Look at Consumer Confidence and Powell's Diffidence for Direction Last week's record highs in the markets were driven by the Fed's stand on standing pat on the interest rates. Today's consumer confidence numbers could throw some light onto their rationale. And, Chairman Powell's remarks later today (at 1pm ET) could be what the markets are looking for...
Results of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. GIST: ------- Medium-Frequency Models: No trades planned for the day. Aggressive, Intra-day Models: Triggered two longs and one short, leading to a net loss of 1.72 index points,...
Thursday's Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory? Last Thursday's all time high in the S&P 500 Index was accompanied by the month's second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday's significantly high volume as well. Was it the...
Results of our models' trading plans for the day are published on our site. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. GIST: ------- Medium-Frequency Models: No trades planned for the day. Aggressive, Intra-day Models: Triggered three longs and one short, leading to a net gain of 1.11 index...
Today we are going to explain the 3 different scenarios we have for E-MINI S&P 500 futures First, let's analyze the Daily chart. Main Items we can see there: a)Price is inside an Expanding Triangle, this type of structures are considered continuation patterns after the 5 waves inside are complete, now we have A/B/C/D and E is remaining, so by Elliott Wave...
Jumping Into the Gaps Can be Dangerous - with a Real Train or the Bull Train If you missed the bull train, don't try to rush into the gaps! Our medium-frequency models are in an indeterminate state with no trading today. Our aggressive intraday models indicate trading off of the 2848 level as the pivot point for both long and short sides, with an...
The Main reasons to think that a bearish movement is about to star are the next ones: A) Same situation than the bearish movement in October 2018 observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario. B)The current Technical situation on the 4hs Chart: -The...
TRADE IDEA: E-Mini SP500 Price is on a major descending Trend since 1st of May when the Trade war started escalating between China and the US. we expect this situation to keep bringing uncertainty and making the price to fall. That’s the context of the trade Technically we see the yellow bearish trendline as the main one of the descending movement. If the...