S&P 500 INDEX MODEL TRADING PLANS for FRI. 06/30 The choppy trading for the last week or so appears now resolved to the upside with the soft PCE numbers released this morning. This appears fueling the typical quarter-end window dressing by funds, resulting in the path of least resistance being to the upside. Cover any (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 06/26 Our models indicate choppy trading with no directional momentum until PCE release later this week. Depending on the number, it may bring inflation and interest rates back onto the market radar, with downside pressure added on the markets. In our trading plans for Fri. 06/16, we (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 05/26 For today, markets seem to be having a hangover from the post-NVidia-earnings euphoria so far in the regular session, with the hotter than expected inflation numbers released this morning seemingly to have not dented the bullish sentiment. It remains to be seen if it would last (more…)
Inflation Tamed Not The Inflation numbers (PCE) this morning do not bode well, especially given the increasingly hawkish rhetoric coming out from the various Fed speakers. However, the increasingly bearish retail traders’ positioning indicates to a potential for upside spike. Thus, bears need to be patient before striking as there is a risk of retail (more…)
