Earnings Power…Exhausting Soon? The earnings momentum appears to be decelerating a bit, and some consolidation could be in order over the coming days. Valuations, inflation concerns, and delta-plus worries could begin to appear on investors’ radars once this momentum-based frenzy subsides. Our models are flipping to a neutral bias from the cautiously bullish bias adapted (more…)
Our Models Riding the Earnings Momentum As per yesterday’s morning trading plans published, our positional trading models opened a long at 4553, with a trailing stop of 22 points. The earnings momentum appears to be building up this morning, which could further fuel the markets to register continued record highs. Valuations, inflation concerns, and delta-plus (more…)
Another Big Earnings Week Ahead With major big tech firms and one-third of the Dow components set to release their earnings this week, it is going to be another busy earnings week this trading week. The tone set by this week could well be setting the stage for the rest of the year. Until something (more…)
Tightening the Take-profit Level on the Longs This trading week has been playing out so far in line with our trading plan published this Monday morning, and in line with our trading plans published Wednesday morning. You can read it here: https://tradersai.com/sp-500-model-trading-plans-for-wed-10-20/ Positional Trading Models: Our positional trading models went long, as per the trading (more…)
Earnings Earnings Everywhere… In our morning trading plans yesterday, we wrote: “The earnings-driven momentum likely to take out the recent record high in the near term, unless some unexpected negative news hits the wires”. The Dow did register a new record high in yesterday’s session, with the S&P flirting with the record high. The week (more…)
Earnings Momentum Feeding the Bull The earnings-driven momentum likely to take out the recent record high in the near term, unless some unexpected negative news hits the wires. After that, the markets could get into an inflation/interest-rate focus mode which can bring in some volatility. Until then, the path of least resistance appears to be (more…)
Earnings Exuberance Continues…for Now From our Monday’s morning trading plan: “This busy earnings week could be the week of clarity for the markets which are at the directional crossroads. Whether it would give rise to another leg to the bullish run or would peter out the bulls might become a bit clearer by the weekend. (more…)
Week at the Crossroads This busy earnings week could be the week of clarity for the markets which are at the directional crossroads. Whether it would give rise to another leg to the bullish run or would peter out the bulls might become a bit clearer by the weekend. Our models are sporting a neutral-to-cautiously-bullish (more…)
Early Earnings Lifting Up the Markets The early cycle of financial sector earnings – boosted by loan loss reserve releases, among other factors – are lifting up the markets so far. This run could have some legs for the short term, and our models have flipped to cautiously bullish bias. Positional Trading Models: Our positional (more…)
Earnings Season Off to a Euphoric Start The earnings season has kicked off with major financial institutions beating the earnings estimates, and markets reacting positively. Loan loss reserves remaining untapped and being released could be a testament to the unprecedented support the government has extended the working class through the pandemic so far, and it (more…)
