THE GIST (“THE WHAT”) The S&P 500 index rallied on optimism that the debt ceiling negotiation is progressing towards a deal in order to avert a potentially catastrophic default. A strong rebound in regional bank stocks also fueled the day’s gains. The index closed the session near 2 weeks high at 4158.78, up 48.89 points (more…)
Results of Published Model Trades for WED 05/17 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning. (Please click here to (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/17 Our stance last couple of weeks has been: “Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside”. Looks like Biden and McCarthy (more…)
