Trading Plans for FRI. 08/18 – Key Support Levels Broken

S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/18 To start the week, our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. On Wednesday, (more…)

Trading Plans for THU. 08/17 – Key Support Level Being Tested

S&P 500 INDEX MODEL TRADING PLANS for THU. 08/17 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. Yesterday, this level was breached. We (more…)

Trading Plans for WED. 08/16: FOMC Meeting Minutes – Still Relevant to Push the Markets Up?

S&P 500 INDEX MODEL TRADING PLANS for WED. 08/16 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on (more…)

Trading Plans for WED. 07/05: FOMC Meeting Minutes

  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…)

S&P 500 INDEX MODEL TRADING PLANS for THU. 02/23

Event Risks Resolving Downwards? Our trading plans published yesterday stated: “Unless some major upside surprise, our models indicate current downtrend to pick up momentum. Longs need to be wary of the loss of upside momentum and wait for a while before dipping their toes into the longs”. The FOMC-Minutes and GDP-Release events yesterday and this (more…)

S&P 500 INDEX MODEL TRADING PLANS for WED. 02/22

FOMC Minutes and GDP To Set the Near Term Tone Yesterday’s Range Breakdown to be tested today with the FOMC minutes at 2pm EST, followed by GDP release tomorrow at 8:30am EST. Unless some major upside surprise, our models indicate current downtrend to pick up momentum. Longs need to be wary of the loss of (more…)