S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/18 To start the week, our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. On Wednesday, (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 08/17 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. Yesterday, this level was breached. We (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 08/16 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/15 Our trading plans published yesterday stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on the index (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 08/14 With the Fed’s interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: “Our models continue to indicate choppy markets (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/11 Our trading plans published yesterday stated: “Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning’s push up following the rising-not-so-fast inflation numbers”. Today’s PPI numbers have validated why we didn’t give too much weight to yesterday morning’s CPI numbers (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 06/13 With the post-CPI spike and the subsequent early session market action, our models are flashing potential for a bull trap ahead, possibly once the “fed pause” becomes official tomorrow. As we first stated to start this week, if you are a bull, it may be prudent (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 05/16 Other than the occasionally simmering regional banks concerns and the knee-jerk reactions around the debt ceiling talks, there does not appear to be much for the markets to go by these days. The depressed VIX could be pointing to potential complacency in the markets that could (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 05/12 Other than the simmering regional bank crisis concerns whipsawing between the sentiments of relief and concern, there does not appear to be much for the markets to go by these days. The depressed VIX could be pointing to potential complacency in the markets that could unravel (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/10 As we wrote in our published Trading Plans yesterday, “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, and, maybe, freshly obsess over potential recession.”. The post-CPI market action (more…)
