S&P 500 INDEX MODEL TRADING PLANS for THU. 5/16/24 Based on the futures market action pre-market, this morning’s cooler-than-expected CPI following the hotter-than-expected PPI yesterday does not seem to be of any concern to the market’s rally. Usually when something doesn’t add up clearly, the markets reaction would be to sell first and ask questions (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 5/15/24 Based on the futures market action pre-market, this morning’s cooler-than-expected CPI following the hotter-than-expected PPI yesterday does not seem to be of any concern to the market’s rally. Usually when something doesn’t add up clearly, the markets reaction would be to sell first and ask questions (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 5/14/24 Based on the futures market action pre-market, this morning’s hotter-than-expected PPI does not seem to be of any concern to the market’s rally. With the softer-than-feared May’s NFP release on the heels of the more-dovish-than-expected Powell’s tone during the post-FOMC presser, the rate cut hopes are (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 5/13/24 With the softer-than-feared May’s NFP release on the heels of the more-dovish-than-expected Powell’s tone during the post-FOMC presser, the rate cut hopes are now back in full swing, and our 5116 level was convincingly broken above, flipping our models to a bullish bias post-NFP. The markets (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 5/10/24 In our trading plans published on 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…)
Exuberant Pumping-up to Settle Back Into Reality? With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be glass-half-full or glass-half-empty camp that leads remains to be (more…)
Window Dressing Buoying The Markets? As we wrote in our trading plans on Tue., 03/28: “However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday”. Our (more…)
Choppiness to Persist Into Friday? As we wrote in our trading plans for yesterday, Tue., 03/28: “However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday”. (more…)
Rising Yields Back In Focus With the banking chaos now a bit settled, the markets seem to be focusing back on Interest rates (and, hence inflation). The rising yields today seem to be holding back the markets. However, our models indicate the risk for the markets to spike to the upside rather than to the (more…)
When Bank Safes Don’t Feel Safe Anymore… Not just U.S. regional banks, but CreditSuisse the other day and now Deutsche Bank…investors seem to be wondering if they can feel safe with their banks, and that could lead to them first selling and then asking questions. So far, there doesn’t seem to be much of a (more…)
