S&P 500 INDEX MODEL TRADING PLANS for THU. 09/21 As our daily trading plans reinforced before the FOMC meeting yesterday: “…any indications of the Fed potentially pivoting to “being done” can spark a frenzied rally in the coming weeks but any unexpectedly hawkish indications could further accelerate the downward push. Nobody has the crystal ball (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 09/20 While the interest rate decision of the Fed at this week’s meeting is a foregone conclusion, it is the semantics of Chair Powell’s presser that the markets are going to obsess over. And, for the right reasons, as any indications of the Fed potentially pivoting to (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 09/19 While the interest rate decision of the Fed at this week’s meeting is a foregone conclusion, it is the semantic of Chair Powell’s every word that the markets are going to obsess over. And, for the right reasons, as any indications of the Fed potentially pivoting (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 09/18 While the interest rate decision of the Fed at this week’s meeting is a foregone conclusion, it is the semantic of Chair Powell’s every word that the markets are going to obsess over. And, for the right reasons, as any indications of the Fed potentially pivoting (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 07/27 Almost as everyone and their grandmother predicted, the FOMC hiked another 25 basis points. With the FOMC faded into the background, earnings stories would continue to set the market tone until they begin to feel the bull run fatigue setting in. The risk continues to be (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 07/26 With a quarter-point rate increase almost a given, today’s FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. Only some unexpectedly negative revelations/indications from Chair Powell today could influence the markets – otherwise, the FOMC release and (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 07/25 With a quarter-point rate increase almost a given, the July FOMC meeting (starting today; announcement tomorrow) may be a non-event, and earnings could be the driving force for the next few weeks. This week’s earnings should shed some light on how the markets are shaping up (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/07 The divergence between yesterday’s ADP payrolls numbers and this morning’s Non-Farm Payrolls numbers is giving the optimists on the markets dreams of the Goldilocks scenario (aka “soft landing” or “softish landing”) to unfold, while the pessimists on the markets are fretting over potential slowdown and the (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 07/06 The FOMC meeting minutes released yesterday, and the ADP jobs numbers this morning, and the consistent Fed speak…all point to more interest rate hikes (albeit at a slower pace) ahead and the rising yields are showing that the bond markets are bracing for that scenario. (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 07/05 Our trading plans published on Friday, 06/30 stated: “Cover any open shorts and avoid going short – next week’s holiday-shortened week could add more spikes to the upside to hit any stops on the shorts”. Unless something significantly changes in the FOMC meeting minutes due (more…)
