FOMC Countdown: 7 Days To Some Directionality? The day we published our last week’s last trading plans, Wed 09/07, S&P 500 index closed at 3979.87. After about a week of apparent huge moves, the market is right around where it was that day – around 3970 as of 1:00pm ET, today. As we wrote on (more…)
This Market Isn’t Really Going Anywhere Fast! The day we published our last trading plans, Wed 09/07, S&P 500 index closed at 3979.87. After about a week of apparent huge moves, the market is right where it was that day – around 3950 as of 3:25pm ET, today. As we wrote on that day: “A (more…)
Inflation Peaking? FOMC Overshoot? Since our last trading plan published on Monday, 08/29, with the title “Don’t fight the Fed!”, markets have dropped significantly, and our models indicated a potential halt to that drop post the NFP data last Friday. Markets seem to be torn between the two powerful anticipations of Hope (that inflation might (more…)
Not-Too-Hot NFP to Heat Up the Markets Again? Since our last trading plan published on Monday, 08/29, with the title “Don’t fight the Fed!”, markets have dropped significantly, and our models indicating a potential halt to that drop. This morning’s NFP numbers came in as expected, making the markets sigh with relief – at least, (more…)
Don’t Fight the Fed! After going into a yawn first half-hour or so after Powell’s Jacksonhole Speech, markets seem to have come to accept the wisdom in the saying on the street: “Don’t Fight the Fed”. As we wrote in our Friday’s trading plans: “Our models indicate that the next leg could be down if (more…)
Powell’s Jacksonhole Speech The whole trepidation about what Powell might be saying in his Jacksonhole speech seems to be proving to be a dud, at least as of 15 minutes after the speech. The markets seem to be yawning at Powell’s perceived attempts to caution the markets about getting ahead of themselves. This could change (more…)
Profit Target Hit on Our Shorts After surviving through an upside spike – most likely due to a short squeeze – our positional trading models’ short hit the profit target and closed out yesterday. Our models are in an indeterminate state for now, waiting to monitor the market action at these levels. Bears should be (more…)
Bulls, Bears, and Pigs – Finale? For the 7th day since our first published trading plan with the theme of “Bulls, Bears, and Pigs”, we reiterated our caution to the bulls in our last published trading plans on Wed, 08/17. We wrote: “Despite the surge up since that day, if you have been playing on (more…)
Bulls, Bears, and Pigs – Day 7 For the 7th day since our first published trading plan with the theme of “Bulls, Bears, and Pigs”, we are cntinuing on that theme for today. Despite the surge up since that day, if you have been playing on the long side, it might be prudent to take (more…)
Bulls, Bears, and Pigs – Day 3 Anybody who’s been around the block for a while would have heard the saying on the street: “Bulls make money, bears make money, but pigs get slaughtered”. Over the last few weeks, if you have been a bull, you probably made money; if you are a bear, you (more…)
