Trading Plans for FRI. 8/30/24 – Range Breakout Imminent In Either Direction? (Day 2) With this month’s PPI, CPI, and Retail Sales numbers, markets are trying to parse the various macroeconomic news to figure out whether the economy is in a Goldilocks scenario heading for a soft landing or if they might be drinking Koolaid. (more…)
Trading Plans for THU. 8/29/24 – Range Breakout Imminent In Either Direction? With this month’s PPI, CPI, and Retail Sales numbers, markets are trying to parse the various macroeconomic news to figure out whether the economy is in a Goldilocks scenario heading for a soft landing or if they might be drinking Koolaid. The answer (more…)
Trading Plans for WED. 8/28/24 – NVidia Earnings After Markets Today to Lead to a Range Breakout? With this month’s PPI, CPI, and Retail Sales numbers, markets are trying to parse the various macroeconomic news to figure out whether the economy is in a Goldilocks scenario heading for a soft landing or if they might (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…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 6/13/24 This morning’s softer than expected PPI has confirmed the trend of yesterday’s softer CPI, with the S&P 500 Index futures pointing to potential for more all-time highs in the offing. Unless there is some unexpected weakness showing up in the markets (“buy the rumor, sell the (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 6/12/24 This morning’s softer than expected CPI has the markets on fire, with yields dropping and the S&P 500 Index printing new all-time session highs. Unless there is some totally unexpected talk or tone from the Fed Chair Powell later today with the FOMC rate decision and (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/4/24 With many of the sensational headlines (e.g., sticky inflation, geopolitical issues) tapering off in their relevance and/or novelty, the markets could likely be turning their focus back on to the basics in the coming days – the economy, earnings, margins, valuations etc. For the last few (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 6/3/24 For the last few weeks, the positional bias published in our trading plans has been: “It takes a daily close below 5200 for the models to turn bearish”. Friday’s PCE-driven whipsaw move saw the index briefly breach the 5200 level – printing 5191.68 as the session (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 5/31/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
