Results of Published Model Entries and Exits for Wed 01/09 After breaking the winning streak of seven consecutive profitable days yesterday (Tue 01/08), our medium-term models realized a second day of losses today (Wed, 01/09) with a net loss of 12.20 index points. Our aggressive intraday models continued broke their winning streak of nine consecutive (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 01/10” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Primarily driven by optimism around a potential trade deal between the U.S. and China and FOMC minutes indicating that the central bank might take a cautious approach before hiking rates further, (more…)
The Fed Meeting Minutes and China With Fed Meeting minutes scheduled to be released at 2pm EST, the markets have two main levers today that may be pulled either way, depending on the dominant side (bullish/bearish). Beyond the spin, market strategists would be closely watching the Fed minutes for re-inforcing/re-interpreting the tone of Powell’s speech (more…)
