S&P 500 INDEX MODEL TRADING PLANS for MON. 7/8/24 The break out to new highs over the holiday-thinned markets needs to be confirmed today with a follow through. The post-NFP pop helped register yet another record high this year. It remains to be seen if this is the beginning of a new leg up or (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 7/5/24 The break out to new highs over the holiday-thinned markets needs to be confirmed today with a follow through. The post-NFP pop does not look too impressive for now, but the session is just starting. It remains to be seen if this is the beginning of (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 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…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 10/06 As we published in our trading plans yesterday, Thu. 10/05: “With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/07 The divergence between yesterday’s ADP payrolls numbers and this morning’s Non-Farm Payrolls numbers is giving the optimists on the markets dreams of the Goldilocks scenario (aka “soft landing” or “softish landing”) to unfold, while the pessimists on the markets are fretting over potential slowdown and the (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 05/05 The strong Non-Farm Payrolls number on top of what Powell had to say yesterday after the FOMC rate decision should have pushed the markets down worried about “higher rates for longer time” but the markets seem to be celebrating mainstream good news for now. The options (more…)
Post-NFP Momentum Building Up…for Now In our trading plans published on Thursday, 12/22, we stated: “Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis”. And, our plans published on Friday, 01/06, we stated: “Our models indicate continued choppy trading while the index is within this (more…)
