Earnings Kickoff! Key earnings season kicks off today, most likely moving the focus back to basics. The news from China about its economy slowing down is drawing increasing attention from investors. And, headlines about China’s record trade surplus with the US keeps the trade war jitters from fading anytime soon. Since Wed, 01/09, our models (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 01/14” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Taking a breather from its longest winning streak since September 2018, the S&P 500 index closed today’s session mostly flat as investors keenly await the start of the earnings season next (more…)
Back to Basics Day? It’s About Time! Consumer Price Index and Hourly Wages releases this morning, and increasing talk about earnings (shortfall) likely to make the markets focus on the “financial” aspects of the financial markets today. The weekly options expiration would add its own push-and-pull around key levels today, resulting in sudden spikes in (more…)
Results of Published Model Entries and Exits for Thu 01/10 Our medium-term models stayed out of the market today with no trades triggered. Our aggressive intraday models booked a net profit of 10.89 index points. All this, simply by following mechanical entries and exits using the pre-defined levels as given in our trading plan published (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/11” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Extending its best winning streak since September 2018, the S&P 500 index closed today’ session higher for the fifth straight session, albeit on a whipsaw price action as strength in the (more…)
It is Still About China and Fed Today With the US-China trade talks ending yesterday and the markets awaiting details of any “outcomes”, and with Fed chair Powell slated to participate in a Q&A session this afternoon, the main movers of the markets today are still China and Powell. Beyond these factors, markets might soon (more…)
Results of Published Model Entries and Exits for Wed 01/09 After breaking the winning streak of seven consecutive profitable days yesterday (Tue 01/08), our medium-term models realized a second day of losses today (Wed, 01/09) with a net loss of 12.20 index points. Our aggressive intraday models continued broke their winning streak of nine consecutive (more…)
The Fed Meeting Minutes and China With Fed Meeting minutes scheduled to be released at 2pm EST, the markets have two main levers today that may be pulled either way, depending on the dominant side (bullish/bearish). Beyond the spin, market strategists would be closely watching the Fed minutes for re-inforcing/re-interpreting the tone of Powell’s speech (more…)
Results of Today’s Published Model Entries and Exits Our medium-term models broke the winning streak of seven consecutive profitable trading days by booking a loss of 5.18 S&P 500 Index points today, and our aggressive intraday models continued the winning streak of nine consecutive profitable trading days by booking a profit today of 3.54 index (more…)
China, the spin, Continues… Our medium-term models continued the winning streak on Monday by booking 18.00 S&P 500 index points in profits, and our aggressive intraday models booked 23.00 points in profits, simply by mechanically trading the pre-defined entry and exit points as published in our trading plans before the markets open. This marks four (more…)
