S&P 500 INDEX MODEL TRADING PLANS for MON. 01/22 The follow through to the new record high in the index is to be closely watched for clues on how robust this new leg up could turn out to be. On the other hand, earnings appear to start bringing valuation concerns into the focus of investors. (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 01/19 The index appears poised to test printing a new record high today, but it has to be seen whether it is achieved, and if it would lead to the next leg up of the bull or prove to be a bull trap. Earnings appear to start (more…)
Fed Pivot, Short Squeeze, or Bull Trap? Day 10 Based on the overnight futures markets’ moves by 9:25am on Thursday, 11/10, we published our last trading plans that stated: “Our models indicate not chasing this market to the long side, and not staying short either. Hence, we will be sitting out the market today”. Our (more…)
Bulls, Bears, and Pigs – Day 3 Anybody who’s been around the block for a while would have heard the saying on the street: “Bulls make money, bears make money, but pigs get slaughtered”. Over the last few weeks, if you have been a bull, you probably made money; if you are a bear, you (more…)
Bulls, Bears, and Pigs Anybody who’s been around the block for a while would have heard the saying on the street: “Bulls make money, bears make money, but pigs get slaughtered”. Over the last few weeks, if you have been a bull, you probably made money; if you are a bear, you probably made money; (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…)
Chop Fest Till Tomorrow’s FOMC Event With the FOMC rate decision on tap for tomorrow, there may not be much of a directional action until then. Any attempts to try to predict potential directionality from the price action before that could prove a fool’s errand. After flashing indications for a potential peaking in the upside (more…)
