S&P 500 INDEX MODEL TRADING PLANS for THU. 01/25 This morning’s GDP numbers are further emboldening the market bull in the early session. Record high after record high, and the momentum in the economy, and the election year sentiment…all appear to be drowning out any murmurs of valuation concerns coming from some corners of the (more…)
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…)
Earnings Earnings Everywhere…And a Lot of Profits to Rejoice With the busiest day of the earnings season showing off some strong earnings, investors appear to be impressed and bidding the markets up this morning. As we have been writing this week, unless some major negative headline or narrative hits the wires, expect no bearish sentiment (more…)
