S&P 500 INDEX MODEL TRADING PLANS for THU. 6/27/24 Markets continue to be in a consolidation mode, waiting for a catalyst to set the direction of the next leg. Tomorrow’s PCE could be that catalyst. For the last few weeks, the positional bias published in our trading plans has been: “It takes a daily close (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 6/26/24 Markets continue to appear in a consolidation mode, waiting for a catalyst to set the direction of the next leg. This Friday’s PCE could be that catalyst. Last week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/25/24 Markets continue to appear in a consolidation mode, waiting for a catalyst to set the direction of the next leg. This Friday’s PCE could be that catalyst. Last week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/21/24 This week’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on the heels of last week’s softer than expected PPI confirming the trend of the softer CPI. Would this push the S&P 500 Index futures to continue to (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 6/20/24 This morning’s Initial Jobless Claims, Housing Starts, Building Permits, Philly Fed Manufacturing Index…all point to a cooling economy, on the heels of last week’s softer than expected PPI confirming the trend of the softer CPI. Would this push the S&P 500 Index futures to continue to (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/18/24 Last week’s softer than expected PPI has confirmed the trend of the softer CPI, with the S&P 500 Index futures continue to print more all-time highs. Unless there is some unexpected weakness showing up in the markets (“buy the rumor, sell the news”?), expect the market (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 6/14/24 This week’s softer than expected PPI has confirmed the trend of the softer CPI, with the S&P 500 Index futures continue to print more all-time highs. Unless there is some unexpected weakness showing up in the markets (“buy the rumor, sell the news”?), expect the market (more…)
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 FRI. 6/7/24 This morning’s Non-Farm Payrolls data indicates stronger-than-hoped-for job market, which appears to be stoking quashing the recent optimism about potential rate cuts. This is pushing the futures down, but it remains to be seen if this would be sustained once the regular session starts or if (more…)
