THE GIST (“THE WHAT”) The S&P 500 index extended losses for the second session in a row, registering a five-week low after hawkish FOMC meeting minutes showed that while policymakers are united in their resolve to bring inflation to their target annual rate of 2%, they remain divided on whether to pause rate hikes (more…)
Results of Published Model Trades for Wed 08/16 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. 08/16 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on (more…)
THE GIST (“THE WHAT”) The S&P 500 index broke below its 50-day moving average, a closely watched gauge of momentum, for the first time since March, led by weakness in bank stocks. Losses accelerated during the last hour of the session alongside rising yields. The index closed the session near day’s lows at 4437.85, down (more…)
Results of Published Model Trades for Tue 08/15 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 TUE. 08/15 Our trading plans published yesterday stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on the index (more…)
THE GIST (“THE WHAT”) Strength in chip stocks lifted the broader S&P 500 index in today’s choppy trading. Gains were limited as yields jumped amid China’s looming property debt crisis. Gaining momentum during the last hour of the session, the index closed near day’s high at 4489.72, up 25.67 points (0.58%). Note: Our daily “S&P 500 (more…)
Results of Published Model Trades for Mon 08/14 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 MON. 08/14 With the Fed’s interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: “Our models continue to indicate choppy markets (more…)
Results of Published Model Trades for Fri 08/11 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…)
