S&P 500 INDEX MODEL TRADING PLANS for WED. 01/17 Earnings appear to start bringing valuation concerns into the focus. The earnings announcements this week and next could show if the inflation is eating into corporate earnings. Nevertheless, there is no indication of meaningful weakness showing up on the markets, yet. Our models indicate flipping to (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 01/16 With JP Morgan kickstarting the earnings season on Friday, and with Goldman Sachs and Morgan Stanley releasing their earnings this morning, the earnings season is officially in full swing this week. The earnings announcements this week and next could show if the inflation is eating into (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 01/12 This morning’s muted PPI numbers made inflation less of a worry for the markets, and now the attention is shifting to the earnings season. The banks’ earnings announced so far today have been anything but exuberant, mostly due to regulatory charges. The earnings announcements next week (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 01/11 This morning’s hotter-than-expected inflation numbers would be tempering the rate-cut expectations. The higher CPI numbers followed the stronger-than-expected Non Farm Payrolls number which was already stoking the stickier-than-anticipated inflation concerns anew. The earnings-season that is going to kick off tomorrow in earnest could show if the (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 01/10 After snapping out of a 9-week bull run, markets appear to be looking for a direction for the next leg. The stronger-than-expected Non Farm Payrolls number could be stoking the stickier-than-anticipated inflation concerns anew. Tomorrow’s CPI release could add some clarity/conviction to this view. Nevertheless, other (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 01/09 After breaking out of a 9-week bull run, markets appear to be looking for a direction for the next leg. The stronger-than-expected Non Farm Payrolls number could be stoking the stickier-than-anticipated inflation concerns anew. Nevertheless, other than Boeing-related weakness in the Dow, there is no indication (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 01/08 After breaking out of a 9-week bull run, markets appear to be looking for a direction for the next leg. The stronger-than-expected Non Farm Payrolls number could be stoking the stickier-than-anticipated inflation concerns anew. After dipping right after the NFP release, the index futures are fighting to (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 01/05 The stronger-than-expected Non Farm Payrolls number could be stoking the stickier-than-anticipated inflation concerns anew. After dipping right after the NFP release, the index futures are fighting to crawl back up, but it could give in once the regular session opens. How today’s daily close registers could (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 01/04 The Santa Claus rally of 2023 came in early and left early, with a loss of about 1% for the index during the period. As per our earlier trading plans published during the “Santa Claus Rally” period, looks like the early Santa was followed by the (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 01/03 On Friday, 12/29, our trading plans stated: “While a consolidation is likely in the new year, our models indicate no immediate threat of a bearish leg as long as the index is above 4770 on a daily close basis. The “Santa Claus Rally” still has two (more…)
