S&P 500 INDEX MODEL TRADING PLANS for MON. 7/15/24 With the sad and somber developments over the weekend in the nation’s politics, the financial markets appear, as of this morning, more resilient and focused on the earnings and the upcoming rate cuts, while also factoring in the increased odds of Trump Presidency 2.0. Last week’s (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 7/12/24 This morning’s PPI numbers proved to be a non-event, and now the focus would be on the Q2 earnings season being earnestly kicked off by big banks. The earnings news coupled with the abating concerns on rate cuts uncertainty, the next question on most bulls’ minds (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 7/11/24 This morning’s CPI numbers almost confirmed the upcoming rate cuts. With that, the next question on most bulls’ minds seems to be: “Now that the news is out, should I sell or continue to hold? With 35+ record highs this year alone, does the market have (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 7/10/24 The break out to new highs over the holiday-thinned markets was confirmed this week so far with a follow through, albeit modest. It remains to be seen if Powell’s second day of testimony today would cement it as the beginning of a new leg up or (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 7/9/24 The break out to new highs over the holiday-thinned markets was confirmed yesterday with a follow through, albeit modest. It remains to be seen if Powell’s testimony today and tomorrow would cement it as the beginning of a new leg up or if the new high (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 7/8/24 The break out to new highs over the holiday-thinned markets needs to be confirmed today with a follow through. The post-NFP pop helped register yet another record high this year. It remains to be seen if this is the beginning of a new leg up or (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 7/5/24 The break out to new highs over the holiday-thinned markets needs to be confirmed today with a follow through. The post-NFP pop does not look too impressive for now, but the session is just starting. It remains to be seen if this is the beginning of (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 7/2/24 The wait for a catalyst in the form of PCE did not materialize with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. It remains to be seen if this morning’s Fed speech by Powell would shake the (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 7/1/24 The wait for a catalyst in the form of PCE this morning has not likely materialized with the PCE coming in right on expectations. The Quarter-end window dressing could not prop up the index. It remains to be seen whether today’s first-of-the-month effect would help keep (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/28/24 The wait for a catalyst in the form of PCE this morning has not likely materialized with the PCE coming in right on expectations. The Quarter-end window dressing For the last few weeks, the positional bias published in our trading plans has been: “It takes a (more…)
