The Fed Failing to Scare Inflation Off

This morning’s initial jobless claims and productivity numbers show that the Fed is failing to scare off inflation, and the yields continue to rise. However, the increasingly bearish retail traders’ positioning points to the potential for an upside spike. Thus, while the trend is downwards, bears need to be extremely nimble as there is a risk of sudden upside spikes due to retail stop runs by the big boys.

Positional Trading Models: Our positional models are indicating to stay on the sidelines for the day.

By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops – if any – being active in the overnight session.

Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.

Trading Plans for THU. 03/02:

Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3970, 3952, or 3923  with a 9-point trailing stop, and going short on a break below 3949, 3939, or 3920 with a 9-point trailing stop. 

Models indicate explicit long exits on a break below 3967, and short exits on a break above 3943. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31am ET or later.

By definition the intraday models do not hold any positions overnight – the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform’s bar timing convention).

To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) – depending on your risk tolerance and trading style – to determine the signals.

(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please click here to see for yourself how our pre-published model trades have performed so far! Seeing is believing!) 

NOTES – HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker’s execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance – USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.

#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #rates #nfp #earnings #earningsseason #midterms #elections #cpi #fedpivot #shortsqueeze