S&P 500 INDEX MODEL TRADING PLANS for WED. 7/24/24 As of Friday, 7/19/24, morning, we have negated our bullish bias, and adapted a bearish bias with the index closing at 5544.59 – just less than half a point below our critical level that we have been publishing for the last few weeks – in the (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 05/01 With the FOMC meeting this week, everything else takes a second place until Wednesday. Expect a push-and-pull action in the markets heading into the event. If you are not a nimble trader, wait until the event is over for any directional trading. Most of the market (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 04/28 Yesterday’s strong market momentum from Meta’s earnings got further boosted from post-session earnings from Amazon, but it seems to be dissipated in the pre-market session so far. Our models are indicating high probability for a push-and-pull action in the markets today. If you are not a (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 04/27 Yesterday evening’s strong earnings from Meta seems to be adding to the tone of impressive earnings from Microsoft, Google, McDonalds, and Chipotle that all seem to demonstrate that major firms have pricing power to absorb the inflationary pressures. Continued big tech earnings momentum into the next (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 04/26 Otherwise impressive earnings from Microsoft, Google, McDonalds, and Chipotle that all seem to demonstrate that major firms have pricing power to absorb the inflationary pressures fail to push up the markets in a meaningful way, as per the price action so far in the session. No (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 04/25 Big Tech earnings, Case Schiller Home Price Indices, Consumer Confidence, New Home Sales, Fed Manufacturing Index, and First Republic Bank’s ongoing turmoil…there is a lot the markets are trying to parse, process, and digest this morning. When there is more than what you can digest, the (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 04/24 Despite the initial downward momentum post-PMI release last week, markets still seem stuck in the tug-of-war between the “Inflation peaked” optimism and the “recession onset” concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. The (more…)
Markets Struggling to Gain Some Traction – Day 2 Despite the initial downward momentum post-PMI release this morning, markets still seem stuck in the tug-of-war between the “Inflation peaked” optimism and the “recession onset” concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. Whether (more…)
Fed Pivot Hope Turned Into a Bull Trap; Approaching Support In our trading plans published post-NFP on Fri., 12/02, we wrote: “After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning’s Non Farm Payrolls data could be (more…)
Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 3 In our trading plans published post-NFP on Fri., 12/02, we wrote: “After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning’s Non Farm Payrolls data could (more…)
