S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/20/24 Last week’s PPI reinforced the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 2/16/24 This morning’s PPI reinforces the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 2/15/24 As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under 0.4 points away from that level. After closing below (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 2/14/24 As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under 0.4 points away from that level. After closing below (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/13/24 As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under 0.4 points away from that level. Following the hotter-than-expected (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 2/12/24 As per our trading plans published on Friday, 2/9/24: “…and 5027 is the next main resistance level to watch for”. The index closed at 5026.62 – just under 0.4 points away from that level. How that level plays out this week will be the key to (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 2/9/24 As we have been stating in our daily trading plans for the last many days: “Until the momentum clearly breaks down, this is the market of the bulls and the bears need to lie low”. S&P 500 now in the 5000’s, this is a new, record (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 2/8/24 With any imminent rate-cuts ruled out by the Fed last week – and, reiterated this morning by Powell – coupled with a mixed earnings season so far, markets seem to be pondering on where to go next with no clear drivers pushing in either direction. Until (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 2/7/24 With any imminent rate-cuts ruled out by the Fed last week – and, reiterated this morning by Powell – coupled with a mixed earnings season so far, markets seem to be pondering on where to go next with no clear drivers pushing in either direction. Until (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/6/24 With any imminent rate-cuts ruled out by the Fed last week – and, reiterated this morning by Powell – coupled with a mixed earnings season so far, markets seem to be pondering on where to go next with no clear drivers pushing in either direction. Until (more…)
