S&P 500 INDEX MODEL TRADING PLANS for THU. 6/13/24 This morning’s softer than expected PPI has confirmed the trend of yesterday’s softer CPI, with the S&P 500 Index futures pointing to potential for more all-time highs in the offing. Unless there is some unexpected weakness showing up in the markets (“buy the rumor, sell the (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 6/12/24 This morning’s softer than expected CPI has the markets on fire, with yields dropping and the S&P 500 Index printing new all-time session highs. Unless there is some totally unexpected talk or tone from the Fed Chair Powell later today with the FOMC rate decision and (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/4/24 With many of the sensational headlines (e.g., sticky inflation, geopolitical issues) tapering off in their relevance and/or novelty, the markets could likely be turning their focus back on to the basics in the coming days – the economy, earnings, margins, valuations etc. For the last few (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 6/3/24 For the last few weeks, the positional bias published in our trading plans has been: “It takes a daily close below 5200 for the models to turn bearish”. Friday’s PCE-driven whipsaw move saw the index briefly breach the 5200 level – printing 5191.68 as the session (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 5/31/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 5/30/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
