Trading Plans for WED. 10/16/24 – Q3 Earnings Season Kicks Off (Day 4) Last week’s CPI and PPI seem to give investors the visions of the macro economic Goldilocks scenario to continue. Whether Q3 earnings that earnestly kicked off on Fri. 10/11 are going to bolster this view would depend on what the earnings numbers (more…)
Trading Plans for FRI. 9/20/24 – New Interest Rate Regime Begins…(Day 3) This week’s FOMC rate decisions is going to mark a historic end to the most aggressive interest rate hiking regime in over two decades, and begins a new era of rate cuts for the Fed. The pace and the magnitudes are what the (more…)
Trading Plans for TUE. 9/17/24 – Visions (or, Pipedreams?) of Soft Landing and Goldilocks… Last week’s CPI and PPI data seem to be adding to the most recent non-farm payrolls data in ramping up further the hopes of a Goldilocks scenario to continue on and of a successful soft landing from the Fed. As of (more…)
Today in the Market – Tue 08/13 For the last published Results of the Morning Trading Plans, please click here U.S. benchmark equity indexes extended Monday’s gains after the July’s U.S. Producer Price Index came in less than projected, increasing the odds of interest-rate cut by the Fed in September. The U.S. 2-year yield fell 7.5 basis points (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 4/22/24 We started last trading week with these words in our trading plans: “A daily close below 5170 is needed for the current bullish bias to be negated. This level appears poised to be tested this week sometime, and whether it rebounds from there or not would (more…)
THE GIST (“THE WHAT”) Rising yields and fears of contagion from China’s emerging property crisis kept sentiment low. Opening lower following reports of Chinese builder Evergrande’s bankruptcy, the S&P 500 index managed to claw back most of the day’s losses to close the session mostly flat at 4369.71, down fractionally by 0.65 point (-0.015%). Note: Our (more…)
THE GIST (“THE WHAT”) The S&P 500 index broke below its 50-day moving average, a closely watched gauge of momentum, for the first time since March, led by weakness in bank stocks. Losses accelerated during the last hour of the session alongside rising yields. The index closed the session near day’s lows at 4437.85, down (more…)
THE GIST (“THE WHAT”) July’s benign CPI report raised the odds of Fed’s rate pause, boosting the S&P index during the opening hour. Initial rally, however, faded as bond yields moved higher following hawkish comments by San Francisco Fed President Daly. The index closed the volatile session with a fractional gain of 1.14 points (0.03%) (more…)
THE GIST (“THE WHAT”) Moody’s lowered credit ratings for ten small and medium sized banks, reigniting health concerns of U.S. banks and triggering a sell-off in regional stocks that lead the broader market lower. Weaker-than-expected China’s export numbers stoked global recessionary concerns, further dampening sentiment at the open. The S&P 500 index tumbled during the (more…)
THE GIST (“THE WHAT”) The S&P 500 index snapped a four-day losing streak following optimistic economic data and strong earnings. Gains, however, were capped as yields rose midsession following hawkish comments by Fed Governor Bowman and NY Fed President Williams. The index closed the session with a modest gain of 40.41 points (0.90%) at 4518.44. (more…)
