S&P 500 INDEX MODEL TRADING PLANS for MON. 09/11 Our current bearish bias for positional trading notwithstanding, our intraday models point to a possible spike up today. Shorts need to be patient and not jump the gun but wait for confirmation for initiating any new shorts. Our models indicate bearish bias for positional trades while (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 09/08 As we wrote in our trading plans published yesterday, Thu. 09/07: “The index failed to close below 4450 yesterday, but showed continued weakness. The price action in the pre-market session after the Initial Jobless Claims is showing the potential for further weakness to develop. The retail (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 09/07 As we wrote in our trading plans published yesterday, Wed. 09/06: “In this morning’s session so far, markets continue to be listless with the bias sliding towards mildly bearish. Nevertheless, bears need to wait for a confirmation before taking any positional shorts – a daily close (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 09/06 As we wrote in our trading plans published yesterday, Tue. 09/05: “Markets appear searching for a direction, with a mild bias to the upside which appears to be waning. This week could reveal some clues as to the near term direction”. In this morning’s session so (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 09/05 As we wrote in our trading plans published Fri. 09/01: “The NFP numbers paint a picture of potentially the hoped-for Goldilocks scenario could continue into the next Fed meeting, continue to push up the markets higher. On the flip side, any weakness in today’s regular session (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 09/01 As we wrote in our trading plans published Mon. 08/28: “If we get a daily close above 4415 today then our models will flip to a moderately bullish bias. If not, they will continue to sport their bearish bias”. We got this confirmation with Monday’s close, (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/29 As we wrote in our trading plans published yesterday, Mon. 08/28: “If we get a daily close above 4415 today then our models will flip to a moderately bullish bias. If not, they will continue to sport their bearish bias”. We got this confirmation with yesterday’s (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 08/28 As we wrote in our trading plans published Thu. 08/24: “It remains to be seen if this morning’s surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow”. On Friday, 08/25, we wrote: “Based on the early session action, (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/25 Notwithstanding Chair Powell’s Jackson Hole speech, our models continue to not give credence to the bounce above 4400 in SPX. We need confirmatory signs before we negate our bearish bias. In our trading plans published Thu. 08/17, we wrote: “The index is approaching the 4400 level (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 08/24 In our trading plans published Thu. 08/17, we wrote: “The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support”. The index closed below that level on Thursday, and took down multiple support levels since then, and (more…)
