S&P 500 INDEX MODEL TRADING PLANS for MON. 7/15/24 With the sad and somber developments over the weekend in the nation’s politics, the financial markets appear, as of this morning, more resilient and focused on the earnings and the upcoming rate cuts, while also factoring in the increased odds of Trump Presidency 2.0. Last week’s (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 7/12/24 This morning’s PPI numbers proved to be a non-event, and now the focus would be on the Q2 earnings season being earnestly kicked off by big banks. The earnings news coupled with the abating concerns on rate cuts uncertainty, the next question on most bulls’ minds (more…)
Optimism Bottoming? As we wrote in our pre-FOMC release trading plans published yesterday: “Everything depends on the Fed speak today and how determined chair Powell sounds on future outlook. There are a lot of sources out there with extensive analysis – we won’t go into that here. We just give you the trading plans, if (more…)
Fed’s Decision Day! Potential Inflection Point in the Markets! Everything depends on the Fed speak today and how determined chair Powell sounds on future outlook. There are a lot of sources out there with extensive analysis – we won’t go into that here. We just give you the trading plans, if any, on how you (more…)
Yields, US Dollar, and Earnings – Day 3 As we wrote in our trading plans for Tue. 10/25: “The earnings driven momentum which started last week is extending into this week, mainly lead by softening USD and stalling bond yields. Until the Fed and/or the inflation takes the center stage again – likely in a (more…)
Yields, US Dollar, and Earnings The earnings driven momentum which started last week is extending into this week, mainly lead by softening USD and stalling bond yields. Until the Fed and/or the inflation takes the center stage again – likely in a few weeks – these could continue to be the main stories. Whether the (more…)
Setting Up for a Potential Drop in the Next Few Days The sell off post-NFP has bounced off of the key level of 3585 that we published in our last trading plan on Tue 10/11. As we wrote on that day, “How this support level holds up once the earnings season kicks off later this (more…)
Key Support Level Being Tested Heading Into the Earnings Season The sell off post-NFP is testing the key level of 3585 on the index. If the index closes below that on a daily close basis, then we might be heading for a new post-pandemic lows. The index tested that level yesterday and today, with a (more…)
