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…)
THE GIST (“THE WHAT”) Debt ceiling stalemate ahead of a looming deadline continued to weigh down on the broader market sentiment. Trading sideways in a tight range for most part of the session, the S&P 500 index closed the choppy session at day’s lows at 4109.89, down 26.38 points (-0.64%). Note: Our daily “S&P 500 Trading (more…)
Results of Published Model Trades for TUE 05/16 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 TUE. 05/16 Other than the occasionally simmering regional banks concerns and the knee-jerk reactions around the debt ceiling talks, there does not appear to be much for the markets to go by these days. The depressed VIX could be pointing to potential complacency in the markets that could (more…)
THE GIST (“THE WHAT”) Markets remain in a holding pattern with the debt ceiling negotiations expected to resume tomorrow. S&P 500 index closed the first trading day of the week with modest gains of 12.20 points at 4136.27 (+0.30%) amid hopes that the negotiations could result in some resolution in order to avoid a default (more…)
THE GIST (“THE WHAT”) The S&P 500 index traded within the 4150 and 4100 price band the entire week as uncertainty around the debt ceiling and ongoing banking turmoil capped optimism around the first quarterly earnings. Opening higher, the index gave up gains following a disappointing consumer sentiment data only to test the psychologically important (more…)
Results of Published Model Trades for FRI 05/12 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 FRI. 05/12 Other than the simmering regional bank crisis concerns whipsawing between the sentiments of relief and concern, there does not appear to be much for the markets to go by these days. The depressed VIX could be pointing to potential complacency in the markets that could unravel (more…)
