S&P 500 INDEX MODEL TRADING PLANS for THU. 05/04 While the FOMC and Powell could not scare the markets enough yesterday, the Regional Banks are accomplishing that and some! With the KBW Regional Banking Index is now flirting with the 2020 Covid-19 lows. And, it is May (the “Sell in May and Go Away” adage (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/03 Thirty minutes into the FOMC rate decision, markets appear to be yawning at the numbers and just waiting to parse every word Powell is going to speak at the press conference beginning at 2:30pm ET. As of now, markets seem to be in a dilemma as (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 05/02 In our first trading plan of this trading week – published yesterday, Mon. 05/01 – we wrote: “With the FOMC meeting this week, everything else takes a second place until Wednesday. Expect a push-and-pull action in the markets heading into the event. If you are not (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 05/01 With the FOMC meeting this week, everything else takes a second place until Wednesday. Expect a push-and-pull action in the markets heading into the event. If you are not a nimble trader, wait until the event is over for any directional trading. Most of the market (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 04/28 Yesterday’s strong market momentum from Meta’s earnings got further boosted from post-session earnings from Amazon, but it seems to be dissipated in the pre-market session so far. Our models are indicating high probability for a push-and-pull action in the markets today. If you are not a (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 04/27 Yesterday evening’s strong earnings from Meta seems to be adding to the tone of impressive earnings from Microsoft, Google, McDonalds, and Chipotle that all seem to demonstrate that major firms have pricing power to absorb the inflationary pressures. Continued big tech earnings momentum into the next (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 04/26 Otherwise impressive earnings from Microsoft, Google, McDonalds, and Chipotle that all seem to demonstrate that major firms have pricing power to absorb the inflationary pressures fail to push up the markets in a meaningful way, as per the price action so far in the session. No (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 04/25 Big Tech earnings, Case Schiller Home Price Indices, Consumer Confidence, New Home Sales, Fed Manufacturing Index, and First Republic Bank’s ongoing turmoil…there is a lot the markets are trying to parse, process, and digest this morning. When there is more than what you can digest, the (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 04/24 Despite the initial downward momentum post-PMI release last week, markets still seem stuck in the tug-of-war between the “Inflation peaked” optimism and the “recession onset” concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. The (more…)
Markets Struggling to Gain Some Traction – Day 2 Despite the initial downward momentum post-PMI release this morning, markets still seem stuck in the tug-of-war between the “Inflation peaked” optimism and the “recession onset” concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. Whether (more…)
