Tightening the Take-profit Level on the Longs This trading week has been playing out so far in line with our trading plan published this Monday morning, and in line with our trading plans published Wednesday morning. You can read it here: https://tradersai.com/sp-500-model-trading-plans-for-wed-10-20/ Positional Trading Models: Our positional trading models went long, as per the trading (more…)

Earnings Earnings Everywhere… In our morning trading plans yesterday, we wrote: “The earnings-driven momentum likely to take out the recent record high in the near term, unless some unexpected negative news hits the wires”. The Dow did register a new record high in yesterday’s session, with the S&P flirting with the record high. The week (more…)

Earnings Momentum Feeding the Bull The earnings-driven momentum likely to take out the recent record high in the near term, unless some unexpected negative news hits the wires. After that, the markets could get into an inflation/interest-rate focus mode which can bring in some volatility. Until then, the path of least resistance appears to be (more…)

Earnings Exuberance Continues…for Now From our Monday’s morning trading plan: “This busy earnings week could be the week of clarity for the markets which are at the directional crossroads. Whether it would give rise to another leg to the bullish run or would peter out the bulls might become a bit clearer by the weekend. (more…)

Week at the Crossroads This busy earnings week could be the week of clarity for the markets which are at the directional crossroads. Whether it would give rise to another leg to the bullish run or would peter out the bulls might become a bit clearer by the weekend. Our models are sporting a neutral-to-cautiously-bullish (more…)