Yesterday market close was same as its open which seems like Bulls are not giving up. Also during overnight session market has been trading same range as yesterday RTH session. Market will probably test overnight session High before deciding on direction. Level to watch 2923---2925
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. THE GIST: Medium-Frequency Models: Open long from Thursday, 08/15 (with entry point at 2835) survived the day's session, and is being carried into Tuesday's session (or, overnight...
It's a Dogfight Out There! With all the volatility witnessed in the markets last couple of weeks, you can probably relate to the dogfight in the image above - that is being waged between the bulls and the bears. As we explicitly took a stand of, there seems to be no particular side exerting or enjoying any dominance, yet. In such directionless markets, typically...
Market has rallied during overnight session and trading around 1.272 extension level of Fridays extension. Would look for a test of overnight level before deciding on direction. Level to watch 2930---2932
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. THE GIST: Medium-Frequency Models: Open long from Thursday (with entry point at 2835) is carried to Monday's session, witg a 9-point trailing stop anchored at 2884.63. Aggressive,...
Yield Curve and Options Expiration - to Exasperate Frustrated Investors/Traders Traditional investors and traders in this market would be frustrated with continued influence of exogenous factors seemingly driving the financial markets wild. Yes, the Finance 101 course you took or even the Efficient Markets Hypothesis your professor (and, most everyone in the...
Market rallied during overnight session and stalled this morning. Look for a test of overnight session High and see if traders can get to 50% of yesterdays RTH session. Level to watch is 2874---2872. Reports to watch: US:Consumer Sentiment 10:00 AM ET
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. THE GIST: Medium-Frequency Models: Lead to -7.00 index points in losses on one short and carried one long with entry point at 2835 and 9-point trailing stop trigger at...
After yesterdays RTH sell off market rallied during overnight session barely above 50% level then sold off again. Market will very likely test overnight High before deciding on direction. Level to watch 2876---2878 Report to watch: US:Business Inventories 10:00 AM ET
The Doublespeak from China and our Politicians Driving the Markets Yo-Yo The naive and clueless policy-by-tweet politicians (not "leaders" - we seem to have no leadership anywhere anymore at this moment) driving our economic governance (or, lack thereof), and the cunning opponent's deeply strategic moves defining the trade war, investors are being left dazed and...
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. THE GIST: On this highly volatile day with bloodshed on the markets, our models have performed consistently and returned positive returns on the trading plans. Medium-Frequency...
After yesterdays rally market has been selling off during overnight session. Since market has sold off below .618 level of yesterdays RTH range, it seems like market might test yesterdays RTH low before it decides on a direction. Level to watch is 2917---2915 Report to watch : US:EIA Petroleum Status Report 10:30 AM ET
Yield Curve - Economy at the Crossroads The inversion of the yield curve (2-year treasuries yielding more than the 10-year treasuries) is flashing a sign of potential recession. Whether it is a self fulfilling prophecy or an impending economic indicator, the financial markets are going to go through a lot of volatility based on this signal, and the last few days...
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. THE GIST: Medium-Frequency Models: Lead to +26.31 index points in gains on one long. Aggressive, Intraday Models: Lead to +40.60 index points in gains on one long. THE...
The Bear is Out Fighting - The Bull is Not Dead Yet The trade war and the yields are exerting tremendous pressure on the bulls and emboldening the bears. The market is in the battleground region - neither the bulls nor the bears are in control, yet. Our models indicate no immediate victory to either side, but the battle to drag on a bit. Tread (and, trade)...
During overnight session market tested 50% level of yesterday's RTH session and sold off. Market might test the low of overnight session before deciding on its direction. Level to watch 2887---2889
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. THE GIST: Medium-Frequency Models: No trades were planned for the day. Aggressive, Intraday Models: Lead to +48.06 index points in gains on six longs and seven shorts. THE...
Overnight session market tested both High and Low of Friday's RTH. Market will very likely test overnight session low before deciding on direction. Level to watch is 2910---2912