S&P 500 INDEX MODEL TRADING PLANS for TUE. 7/2/24 The wait for a catalyst in the form of PCE did not materialize with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. It remains to be seen if this morning’s Fed speech by Powell would shake the (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 7/1/24 The wait for a catalyst in the form of PCE this morning has not likely materialized with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. It remains to be seen whether today’s first-of-the-month effect would help keep (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/28/24 The wait for a catalyst in the form of PCE this morning has not likely materialized with the PCE coming in right on expectations. The Quarter-end window dressing For the last few weeks, the positional bias published in our trading plans has been: “It takes a (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 6/27/24 Markets continue to be in a consolidation mode, waiting for a catalyst to set the direction of the next leg. Tomorrow’s PCE could be that catalyst. For the last few weeks, the positional bias published in our trading plans has been: “It takes a daily close (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 6/26/24 Markets continue to appear in a consolidation mode, waiting for a catalyst to set the direction of the next leg. This Friday’s PCE could be that catalyst. Last week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/25/24 Markets continue to appear in a consolidation mode, waiting for a catalyst to set the direction of the next leg. This Friday’s PCE could be that catalyst. Last week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/21/24 This week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on the heels of last week’s softer than expected PPI confirming the trend of the softer CPI. Would this push the S&P 500 Index futures to continue to (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 6/20/24 This morning’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on the heels of last week’s softer than expected PPI confirming the trend of the softer CPI. Would this push the S&P 500 Index futures to continue to (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/18/24 Last week’s softer than expected PPI has confirmed the trend of the softer CPI, with the S&P 500 Index futures continue to print more all-time highs. Unless there is some unexpected weakness showing up in the markets (“buy the rumor, sell the news”?), expect the market (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/14/24 This week’s softer than expected PPI has confirmed the trend of the softer CPI, with the S&P 500 Index futures continue to print more all-time highs. Unless there is some unexpected weakness showing up in the markets (“buy the rumor, sell the news”?), expect the market (more…)
