S&P 500 INDEX MODEL TRADING PLANS for FRI. 3/22/24 With the CPI, PPI, and the FOMC all out of the way, and Powell almost confirming that the Fed is at the “Peak” of the restrictive regime and the markets convinced that rate-cuts are on the horizon…some could be wondering “now, what?”. With new record targets (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 3/21/24 With the CPI, PPI, and the FOMC all out of the way, and Powell almost confirming that the Fed is at the “Peak” of the restrictive regime and the markets convinced that rate-cuts are on the horizon…some could be wondering “now, what?”. With new record targets (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 3/19/24 Tomorrow’s FOMC decision may not hold any surprises, but the Powell press conference could set the tone for the next market leg. While the sticky inflation numbers last week could raise some concerns about the economy and the much-hoped-for soft landing, the cooling of the jobs (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 3/18/24 This week’s FOMC decision may not hold any surprises, but the Powell press conference could set the tone for the next market leg. While the sticky inflation numbers last week could raise some concerns about the economy and the much-hoped-for soft landing, the cooling of the (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 3/15/24 While the sticky inflation numbers this week could raise some concerns about the economy and the much-hoped-for soft landing, the cooling of the jobs numbers could put some floor under the index on rate-cut hopes. However, this mix could lead to choppy action surrounding potential concerns (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 3/14/24 This morning’s PPI numbers came in much hotter than expected, but the futures markets so far have been ignoring it and indicate positive opening to the session. It remains to be seen how the price action develops into the session later. While the sticky inflation numbers (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 3/13/24 As we have been publishing for the last few days: “Bears need to be patient and not jump the gun, as any hasty shorts could prove to be choking in another bear trap”. Last Friday’s NFP numbers showed that Powell’s unexpected dovish tone on Thursday could (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 2/21/24 Today’s Fed Minutes release to potentially give clues to the markets as to how concerned the Fed is about inflation getting persistent. Last week’s PPI reinforced the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/20/24 Last week’s PPI reinforced the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 2/16/24 This morning’s PPI reinforces the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under (more…)
