S&P 500 INDEX MODEL TRADING PLANS for THU. 5/2/24 In our trading plans published yesterday, FOMC day, 5/1/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 5/1/24 In our trading plans published yesterday, Tuesday, 4/30/24, we stated: “…Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level with a close at 5116.17. Keeping in mind the FOMC event tomorrow, our models are ignoring that close above our level and are (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 4/30/24 In our trading plans published on Friday, 4/26/24, we stated: “…but it takes a daily close above 5116 for our models to turn bullish again. Between 5056 and 5116, our models stay indeterminate”. Yesterday, Monday, 4/29/24, the index closed by a hair-thin margin above that level (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 4/26/24 The index closed at 4123 two Fridays ago, and, after inflation-concerns related gyrations the index is likely springing back to test that level again. Our trading plans into that week stated: “A daily close below 5170 is needed for the current bullish bias to be negated. (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 4/19/24 We started last trading week with these words in our trading plans: “A daily close below 5170 is needed for the current bullish bias to be negated. This level appears poised to be tested this week sometime, and whether it rebounds from there or not would (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 11/04 After testing low 4100’s, the index has rebounded this week in the midst of an influx of macro economic news which culminated into the FOMC last week. Last week’s flurry of macro economic releases added to the upside momentum in an apparently “relief rally”. This week (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 11/03 After testing low 4100’s, the index has rebounded this week in the midst of an influx of macro economic news which culminated into the FOMC as of yesterday. Yesterday’s Initial Jobless Claims is supporting the momentum so far. This morning’s Non Farm Payrolls release seems to (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 11/01 This week is filled with significant macro economic events with PPI, FOMC, and Nonfarm Payrolls. Powell’s speech last week provided a clear indication that the Fed is relentless in their fight against the sticky inflation and are willing to risk an economic slowdown to win that (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/31 This week is filled with significant macro economic events with PPI, FOMC, and Nonfarm Payrolls. Powell’s speech last week provided a clear indication that the Fed is relentless in their fight against the sticky inflation and are willing to risk an economic slowdown to win that (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 10/30 This week is filled with significant macro economic events with PPI, FOMC, and Nonfarm Payrolls. Powell’s speech last week provided a clear indication that the Fed is relentless in their fight against the sticky inflation and are willing to risk an economic slowdown to win that (more…)
