Back to Basics Day? It’s About Time! Consumer Price Index and Hourly Wages releases this morning, and increasing talk about earnings (shortfall) likely to make the markets focus on the “financial” aspects of the financial markets today. The weekly options expiration would add its own push-and-pull around key levels today, resulting in sudden spikes in (more…)
Results of Published Model Entries and Exits for Thu 01/10 Our medium-term models stayed out of the market today with no trades triggered. Our aggressive intraday models booked a net profit of 10.89 index points. All this, simply by following mechanical entries and exits using the pre-defined levels as given in our trading plan published (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 01/11” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Extending its best winning streak since September 2018, the S&P 500 index closed today’ session higher for the fifth straight session, albeit on a whipsaw price action as strength in the (more…)
It is Still About China and Fed Today With the US-China trade talks ending yesterday and the markets awaiting details of any “outcomes”, and with Fed chair Powell slated to participate in a Q&A session this afternoon, the main movers of the markets today are still China and Powell. Beyond these factors, markets might soon (more…)
