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…)
“Inflation Peaked” Relief v/s “Recession Onset” Concern – Day 3 With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential “mild” recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which (more…)
“Inflation Peaked” Relief v/s “Recession Onset” Concern With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential “mild” recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which way the sentiment (more…)
Exuberant Pumping-up to Settle Back Into Reality? Day 7 In our trading plans published Tue. 04/04, we wrote: “With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it (more…)
Markets Biting off More Than They Can Chew? Our trading plans stated yesterday morning: “Our models indicate caution to the bears as they indicate avoid shorting the index while it is above 4085 on a daily close basis. It might take a few more sessions for the markets to digest the recent upside moves, before (more…)
Digesting the Recent Upside Swing The post-FOMC rally has taken the index on an upside swing and the index has been consolidating above the consolidation range our models indicated last Friday (4030-4110). Our models indicate caution to the bears as they indicate avoid shorting the index while it is above 4085 on a daily close (more…)
Markets at an Inflection Point The post-FOMC rally has taken the index to an inflection point, and today’s action could be holding clues for the directional bias for the next few weeks. Models indicate a likely consolidation within a range of 4030 and 4110. A daily close outside this could propel the index in that (more…)
Our Models Sitting Out Today’s FOMC Action With the FOMC rate decision on tap later today, our models are indicating sitting out the post-FOMC action as they see all noise and no signal. This is especially prudent given the static nature of our trading plans published here. After flashing indications for a potential peak in (more…)
