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…)
No Fireworks…Yet The much awaited earnings season kickoff and the inflation reports have come this morning at levels that seem to be underwhelming the markets and leaving the action just flat so far. “Not terrible” news is good news? We have to wait and see. Our models continue to sport a bearish-to-neutral bias. Positional Trading (more…)
Waiting for the First Major Earnings Releases Tomorrow Markets appear to be in a waiting mode for tomorrow’s kick-off of major Q3 earnings. Whether the earnings are going to reignite the bull run or cool off the hot streak of the bulls remains to be seen. Our models thus far are sporting a bearish-to-neutral bias. (more…)
