Trading Plans for THU. 5/2/24 – Markets Searching for a Directional Catalyst

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…)

Trading Plans for WED. 5/1/24 – FOMC Day – It’s All About the Fed’s Inflation Fight

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…)

Trading Plans for TUE. 4/30/24 – Sticky Inflation and the FOMC in Focus

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…)

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…)

Trading Plans for THU. 4/18/24 – Sticky Inflation Taking Investors Back to the Basics? (Day 3)

S&P 500 INDEX MODEL TRADING PLANS for THU. 4/18/24 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…)

Trading Plans for WED. 4/17/24 – Geopolitical Tensions, Inflation Taking Investors Back to the Basics? (Day 2)

S&P 500 INDEX MODEL TRADING PLANS for WED. 4/17/24 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…)

Trading Plans for TUE. 4/16/24 – Geopolitical Tensions, Inflation Taking Investors Back to the Basics?

  S&P 500 INDEX MODEL TRADING PLANS for TUE. 4/16/24 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 (more…)

Trading Plans for MON. 4/15/24 – Key Levels Increasingly In Play

S&P 500 INDEX MODEL TRADING PLANS for MON. 4/15/24 We started the month 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 determine (more…)

Trading Plans for FRI. 4/12/24 – Inflation Picture Muddying the Waters for the Bulls (Day 2)

S&P 500 INDEX MODEL TRADING PLANS for FRI. 4/12/24 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…)