Trading Plans for FRI. 4/26/24 – Can Markets Grow Resigned to Sticky Inflation?

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…)

Trading Plans for FRI. 4/19/24 – Sticky Inflation Taking Investors Back to the Basics? (Day 4)

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…)