Whipsaw Price Action to Dominate The directionless trading conditions appear to continue into today’s session, with occasional whipsaw moves in either directions. As we wrote yesterday morning, the FOMC meeting minutes’ release ended up a non-event as the geopolitical headlines drove the market sentiment yesterday, and likely continue into today. Our models are waiting for (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 05/23” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Primarily driven by retail earnings hits and misses, the S&P 500 index gave back gains from previous session’s relief rally. With no new development around the stalled US – China trade talks, investors (more…)
Results of Published Model Entries and Exits for Wednesday 05/22 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…)
