S&P 500 INDEX MODEL TRADING PLANS for MON. 3/11/24 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 FRI. 3/8/24 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”. This morning’s NFP numbers show that Powell’s unexpected dovish tone yesterday could be (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 3/6/24 The Nvidia/A.I./softlanding exuberance has the index continuing to print new all-time highs. This is an uncharted territory for the markets, and our models are turning a bit cautious albeit nowhere close to adapting a bearish bias as long as the index is above 5045 on a (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 3/5/24 The Nvidia/A.I./softlanding exuberance has the index continuing to print new all-time highs. This is an uncharted territory for the markets, and our models are turning a bit cautious albeit nowhere close to adapting a bearish bias as long as the index is above 5045 on a (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 3/1/24 Yesterday morning’s PCE – the Fed’s favorite inflation gauge – came at street consensus and it is pushing the markets higher at the open. Is this a sigh of relief or a potential new dose of exuberance? We need a few more days to know the (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 2/29/24 This morning’s PCE – the Fed’s favorite inflation gauge – came at street consensus and it is pushing the markets higher at the open. Is this a sigh of relief or a potential new dose of exuberance? We need a few more days to know the (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 2/28/24 The markets appeared drunk and exuberant about NVidia’s blowout earnings, and whatever else it may be, and now looks like it is in a hangover mood. Whether Greenspan would label it “Irrational Exuberance” is probably something some market observers might be wondering about. As per our (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/27/24 The markets appeared drunk and exuberant about NVidia’s blowout earnings, and whatever else it may be, and now looks like it is in a hangover mood. Whether Greenspan would label it “Irrational Exuberance” is probably something some market observers might be wondering about. As per our (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 2/26/24 The markets appear drunk and exuberant about NVidia’s blowout earnings, and whatever else it may be. Whether Greenspan would label it “Irrational Exuberance” is probably something some market observers might be wondering about. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 2/23/24 The markets appear drunk and exuberant about NVidia’s blowout earnings. Whether Greenspan would label it “Irrational Exuberance” is probably something some market observers might be wondering about. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the (more…)
