Directionless Trading to Continue The directionless trading conditions appear to persist in the markets. Today’s FOMC meeting minutes’ release feels like a non-event as the Fed seems to be losing its relevance in the current administration. Caution is advised against going short while the index is above 2848 and going long while under 2875. Below, you (more…)
Results of Published Model Entries and Exits for Tuesday 05/21 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 05/22” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Temporary relief of U.S. restrictions on Huawei sparked a relief rally within the beaten-down technology stocks, helping the S&P 500 index to rebound from previous session’s Tech-led slump. Disappointing retail earnings, however, (more…)
