S&P 500 INDEX MODEL TRADING PLANS for WED. 7/10/24 The break out to new highs over the holiday-thinned markets was confirmed this week so far with a follow through, albeit modest. It remains to be seen if Powell’s second day of testimony today would cement it as the beginning of a new leg up or (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 7/9/24 The break out to new highs over the holiday-thinned markets was confirmed yesterday with a follow through, albeit modest. It remains to be seen if Powell’s testimony today and tomorrow would cement it as the beginning of a new leg up or if the new high (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 7/8/24 The break out to new highs over the holiday-thinned markets needs to be confirmed today with a follow through. The post-NFP pop helped register yet another record high this year. It remains to be seen if this is the beginning of a new leg up or (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 7/5/24 The break out to new highs over the holiday-thinned markets needs to be confirmed today with a follow through. The post-NFP pop does not look too impressive for now, but the session is just starting. It remains to be seen if this is the beginning of (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 7/3/24 The wait for a catalyst in the form of PCE did not materialize with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. For the last few weeks, the positional bias published in our trading plans has been: (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 7/2/24 The wait for a catalyst in the form of PCE did not materialize with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. It remains to be seen if this morning’s Fed speech by Powell would shake the (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 7/1/24 The wait for a catalyst in the form of PCE this morning has not likely materialized with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. It remains to be seen whether today’s first-of-the-month effect would help keep (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/28/24 The wait for a catalyst in the form of PCE this morning has not likely materialized with the PCE coming in right on expectations. The Quarter-end window dressing For the last few weeks, the positional bias published in our trading plans has been: “It takes a (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 6/27/24 Markets continue to be in a consolidation mode, waiting for a catalyst to set the direction of the next leg. Tomorrow’s PCE could be that catalyst. For the last few weeks, the positional bias published in our trading plans has been: “It takes a daily close (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 6/26/24 Markets continue to appear in a consolidation mode, waiting for a catalyst to set the direction of the next leg. This Friday’s PCE could be that catalyst. Last week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on (more…)
