S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/07 The divergence between yesterday’s ADP payrolls numbers and this morning’s Non-Farm Payrolls numbers is giving the optimists on the markets dreams of the Goldilocks scenario (aka “soft landing” or “softish landing”) to unfold, while the pessimists on the markets are fretting over potential slowdown and the (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 07/06 The FOMC meeting minutes released yesterday, and the ADP jobs numbers this morning, and the consistent Fed speak…all point to more interest rate hikes (albeit at a slower pace) ahead and the rising yields are showing that the bond markets are bracing for that scenario. (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 07/05 Our trading plans published on Friday, 06/30 stated: “Cover any open shorts and avoid going short – next week’s holiday-shortened week could add more spikes to the upside to hit any stops on the shorts”. Unless something significantly changes in the FOMC meeting minutes due (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 06/30 The choppy trading for the last week or so appears now resolved to the upside with the soft PCE numbers released this morning. This appears fueling the typical quarter-end window dressing by funds, resulting in the path of least resistance being to the upside. Cover any (more…)
