S&P 500 MODEL TRADING PLANS for TUE 04/26

Another Bull Trap Goes on the Record! In the morning of Thu, 04/21, when the markets were upbeat and most analysts were pumping the markets with the “inflation is peaking” narrative, we wrote this in our trading plans: “the levels our positional trading models indicated (4495-4517) are likely coming into play today and in the (more…)

S&P 500 MODEL TRADING PLANS for THU 04/21

Potential Chop Fest Ahead As we wrote in our trading plans yesterday (Wed, 04/20): “Models are flashing early signs that the index could be nearing another near term crest in the coming days, but are sporting a neutral bias as of now, with a cautious signal to the bulls”. And, the levels our positional trading (more…)

S&P 500 MODEL TRADING PLANS for WED 04/20

Earnings Earnings Everywhere And… After the kickstart to the earnings season last Wednesday, 04/13, our models have gone into an indeterminate state with no signals in either direction. Models are flashing early signs that the index could be nearing another near term crest in the coming days, but are sporting a neutral bias as of (more…)

S&P 500 MODEL TRADING PLANS for WED 04/13

Earnings Season to Exhilarate or Exasperate? Within a week after publishing our trading plans on Fri, 04/08, S&P 500 has breached the indicated support levels of 4500 and 4460, and has confirmed our directional bias to the downward. The earnings season kicking off today may be the last hope the markets have to stop the (more…)

S&P 500 MODEL TRADING PLANS for MON 04/11

When Fear-and-Greed Turns Into Hope-and-Despair… From the last few years of fear-and-greed, the mood on the markets seems to be oscillating between hope-and-despair, indicating subdued spirits on part of the investors. However, the VIX levels are hovering around 20 range, indicating that the downside is not really flushed out, yet. The upcoming earnings season could (more…)

S&P 500 MODEL TRADING PLANS for FRI 04/08

No More Kool-aid to the Markets! The various officials at the Fed have made it a point this week to orchestrate a unified message: “We have no more Kool-aid left to serve the markets! And, we probably don’t care about the markets now.”. After some skittish moves, the markets seem to be entering a phase (more…)

S&P 500 MODEL TRADING PLANS for WED 04/06

And Then the (Fed) Doves Became Hawks! Fed’s Brainard and Daly – two well known doves – are spooking the markets by turning into hawks with their public comments yesterday. Markets are reacting as if the Fed’s resolve to fight inflation is some flash news. Neither may be surprising for keen Fed/bond market observers. As (more…)

S&P 500 MODEL TRADING PLANS for FRI 04/01

Continued Retracement or a Bull Trap? Day 4 Our last trading plan – published on 03/29, Tuesday – stated: “The retracement from the lows seen over two week back could be coming to a peak today or sometime this week. The price action around this peak would reveal the next near term directional bias in (more…)

S&P 500 MODEL TRADING PLANS for TUE 03/29

Continued Retracement or a Bull Trap? The retracement from the lows seen over two week back could be coming to a peak today or sometime this week. The price action around this peak would reveal the next near term directional bias in the markets, if any. Whether it is going to be a consolidation against (more…)

S&P 500 MODEL TRADING PLANS for TUE, 03/22

Interest Rates to Start Chipping Away At the Markets Our trading plans last week wrote: “Unless Powell sounds unexpectedly more hawkish, chances are the reail shorts could get burned before any directional move settles in”. Yesterday’s inflation comments from chair Powell could be that “unexpectedly more hawkish” (or, something the markets were hoping not to (more…)