Squaring off Short Positions Before the Long Weekend? With Trump trying to prop up the markets, the institutions and the big players seem to be playing the usual trick: take the “path of the maximum pain”. While many might have got sucked into short positions yesterday – believing that the markets are doomed – they (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 05/24” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Intensifying concerns that the prolonged U.S. – China trade war could go on long enough to push the global economy into recession rattled investor confidence which were further compounded following a sluggish batch (more…)
Results of Published Model Entries and Exits for Thursday 05/23 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade (more…)
Whipsaw Price Action to Dominate The directionless trading conditions appear to continue into today’s session, with occasional whipsaw moves in either directions. As we wrote yesterday morning, the FOMC meeting minutes’ release ended up a non-event as the geopolitical headlines drove the market sentiment yesterday, and likely continue into today. Our models are waiting for (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 05/23” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) Primarily driven by retail earnings hits and misses, the S&P 500 index gave back gains from previous session’s relief rally. With no new development around the stalled US – China trade talks, investors (more…)
Results of Published Model Entries and Exits for Wednesday 05/22 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to (more…)
Directionless Trading to Continue The directionless trading conditions appear to persist in the markets. Today’s FOMC meeting minutes’ release feels like a non-event as the Fed seems to be losing its relevance in the current administration. Caution is advised against going short while the index is above 2848 and going long while under 2875. Below, you (more…)
Results of Published Model Entries and Exits for Tuesday 05/21 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month: NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 05/22” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Temporary relief of U.S. restrictions on Huawei sparked a relief rally within the beaten-down technology stocks, helping the S&P 500 index to rebound from previous session’s Tech-led slump. Disappointing retail earnings, however, (more…)
Markets Searching for a Direction With the US-China trade talks getting tiringly protracted/stalled, and in the absence of major headlines, the markets are searching for a direction. Tomorrow’s Fed event may or may not provide some fodder. Caution is advised against going short while the index is above 2840 and going long while under 2875. Below, (more…)
