S&P 500 INDEX MODEL TRADING PLANS for WED. 5/22/24 Our last trading plan, published on Thu. 5/16/24, mentioned: “Usually when something doesn’t add up clearly, the markets reaction would be to sell first and ask questions later, but the markets appear to be gunning for another record high on the heels of these releases. (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 5/16/24 Based on the futures market action pre-market, this morning’s cooler-than-expected CPI following the hotter-than-expected PPI yesterday does not seem to be of any concern to the market’s rally. Usually when something doesn’t add up clearly, the markets reaction would be to sell first and ask questions (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 5/15/24 Based on the futures market action pre-market, this morning’s cooler-than-expected CPI following the hotter-than-expected PPI yesterday does not seem to be of any concern to the market’s rally. Usually when something doesn’t add up clearly, the markets reaction would be to sell first and ask questions (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 5/14/24 Based on the futures market action pre-market, this morning’s hotter-than-expected PPI does not seem to be of any concern to the market’s rally. With the softer-than-feared May’s NFP release on the heels of the more-dovish-than-expected Powell’s tone during the post-FOMC presser, the rate cut hopes are (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 5/13/24 With the softer-than-feared May’s NFP release on the heels of the more-dovish-than-expected Powell’s tone during the post-FOMC presser, the rate cut hopes are now back in full swing, and our 5116 level was convincingly broken above, flipping our models to a bullish bias post-NFP. The markets (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 5/10/24 In our trading plans published on FOMC day, 5/1/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 5/9/24 In our trading plans published on FOMC day, 5/1/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 5/8/24 In our trading plans published on FOMC day, 5/1/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 5/7/24 In our trading plans published on FOMC day, 5/1/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 5/6/24 In our trading plans published on FOMC day, 5/1/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and (more…)
