Back to Basics! Earnings to be the Main Focus this Week! Investors to shift their focus back to basics – and, examine the earnings from companies closely this week. As we have been indicating since 01/09, the index is looking at strong resistance level around 2665-75, and it is yet to clear the 2675 level. (more…)
Results of Published Model Entries and Exits for Friday 01/25 Per the plans published in the morning on Friday 01/25, our medium-term models as well as our aggressive intraday models did not trigger any trades as the index opened above the entry level and never traded below it to trigger any trades on the cross (more…)
The Drift Higher To Continue? Since Wed, 01/09, our models have been sporting a bullish bias which will be invalidated if the index registers a daily close below 2623. While above 2633, our models continue reiterating the bullish bias. The index is looking at strong resistance level around 2665-75, and if it closes above 2675 on (more…)
Results of Published Model Entries and Exits for Thursday 01/24 Per the plans published in the morning today, our medium-term models did not trigger any trades today whereas our aggressive intraday models’ trades lost 8.01 index points on one short trade. Below, you will find the detailed tracking of our models’ trading plans for the (more…)
Earnings, Economic Releases, Geopolitics…A Packed Day for Headline Risk today Major earnings releases (Intel, Starbucks, American Airlines, Southwest, Union Pacific, Discover Financial etc), key economic releases (initial jobless claims, PMI, regional fed survey), and geopolitical events (European Central Bank, Venezuela, China)…today’s market calendar is packed with headlines-driven event risk. The index is facing the big (more…)
Results of Published Model Entries and Exits for Wednesday 01/23 Per the plans published in the morning today, our medium-term models’ trades yielded 0.14 index points in gains whereas our aggressive intraday models’ trades gained 6.14 index points on one short trade. Below, you will find the detailed tracking of our models’ trading plans for (more…)
Markets Approaching an Inflection Point? (theme continued from yesterday) As we pointed out, S&P 500 index registered eleventh consecutive green candle on the daily charts (on an open-close basis) on Friday, 01/18, and it was to be expected to be broken, which it did yesterday with the close in the red. The index is now (more…)
Results of Published Model Entries and Exits for Tuesday 01/22 Per the plans published in the morning on Tuesday, our medium-term models’ trades yielded 0.73 index points in gains whereas our aggressive intraday models’ trades gained 20.73 index points on one short trade each. Below, you will find the detailed tracking of our models’ trading (more…)
Markets Approaching an Inflection Point? S&P 500 index registered eleventh consecutive green candle on the daily charts (on an open-close basis) on Friday, 01/18! The index is now resting near the big resistance level of 2675, and if it closes above 2675 on a daily basis then we are looking at 2710-2715 area as the (more…)
Results of Published Model Entries and Exits for Friday 01/18 Per the plans published in the morning, our medium-term models’ plans stayed out of the market on Friday. Our aggressive intraday models’ plans yielded a gain of 15.47 index points on one long trade. Below, you will find the detailed tracking of our models’ trading (more…)
