S&P 500 INDEX MODEL TRADING PLANS for THU. 2/22/24 Today, the markets appear drunk and exuberant on 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 (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 2/21/24 Today’s Fed Minutes release to potentially give clues to the markets as to how concerned the Fed is about inflation getting persistent. Last week’s PPI reinforced the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/20/24 Last week’s PPI reinforced the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 2/16/24 This morning’s PPI reinforces the latest “stickier inflation” story. As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 2/15/24 As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under 0.4 points away from that level. After closing below (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 2/13/24 As per our trading plans published on Friday, 2/9/24: “4975 is the immediate support level, and 5027 is the next main resistance level to watch for”. On that day, The index closed at 5026.62 – just under 0.4 points away from that level. Following the hotter-than-expected (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 2/12/24 As per our trading plans published on Friday, 2/9/24: “…and 5027 is the next main resistance level to watch for”. The index closed at 5026.62 – just under 0.4 points away from that level. How that level plays out this week will be the key to (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 2/9/24 As we have been stating in our daily trading plans for the last many days: “Until the momentum clearly breaks down, this is the market of the bulls and the bears need to lie low”. S&P 500 now in the 5000’s, this is a new, record (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 2/8/24 With any imminent rate-cuts ruled out by the Fed last week – and, reiterated this morning by Powell – coupled with a mixed earnings season so far, markets seem to be pondering on where to go next with no clear drivers pushing in either direction. Until (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 2/7/24 With any imminent rate-cuts ruled out by the Fed last week – and, reiterated this morning by Powell – coupled with a mixed earnings season so far, markets seem to be pondering on where to go next with no clear drivers pushing in either direction. Until (more…)
