S&P 500 INDEX MODEL TRADING PLANS for TUE. 05/09 With the earnings noise in the rear view mirror, markets are likely to go back to the basics this week. The CPI and the PPI releases this week are likely going to make investors contemplating over the basics of the markets – economy, inflation, interest rates, (more…)
“Inflation Peaked” Relief v/s “Recession Onset” Concern With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential “mild” recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which way the sentiment (more…)
Range Broken Downward? On the Day 9 of the consolidation theme, our trading plans yesterday published: “If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is no bearish concerns as long as the index is above 4095”. The index closed below that (more…)
Range Bound Consolidation – Day 9 The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that’s been playing out on the markets for a few days now. If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is (more…)
Range Bound Consolidation – Day 8 The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that’s been playing out on the markets for a few days now. If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is (more…)
Consolidation Ahead? Day 7 The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that’s been playing out on the markets for a few days now. If the index closes below 4150 today, our models indicate continued downward drift until some unexpectedly positive macro development shows up. If the index closes (more…)
Inflation Numbers Good, but Not Great The CPI numbers and Initial Jobless Claims this morning have not really provided any directional thrust other than a huge whipsaw. As of nearly one hour into the release, there is really no directional catalyst on the radar for today. Our models indicate choppy trading while the index is (more…)
Choppy, Range-trading Today In our trading plans published yesterday, Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. The index failed nearing the lower end of the resistance band and got repelled from there strongly. With (more…)
Post-NFP Momentum Building Up…for Now In our trading plans published on Thursday, 12/22, we stated: “Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis”. And, our plans published on Friday, 01/06, we stated: “Our models indicate continued choppy trading while the index is within this (more…)
NFP Data Mixed – Be Wary of Jumping the Gun In our trading plans published on Thursday, 12/22, we stated: “Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis”. In spite of a lot of spiky price action since then, and despite the initial pop (more…)
