S&P 500 INDEX MODEL TRADING PLANS for THU. 6/6/24 Wednesday’s private payrolls data indicates a weakening job market, which appears to be stoking optimism about potential rate cuts not being as far as feared. This is pushing the futures, but it remains to be seen if this would be sustained once the regular session starts (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 6/5/24 This morning’s private payrolls data indicates to a weakening job market, which appears to be stoking optimism about potential rate cuts not being as far as feared. This is pushing the futures, but it remains to be seen if this would be sustained once the regular (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 6/4/24 With many of the sensational headlines (e.g., sticky inflation, geopolitical issues) tapering off in their relevance and/or novelty, the markets could likely be turning their focus back on to the basics in the coming days – the economy, earnings, margins, valuations etc. For the last few (more…)
S&P 500 INDEX MODEL TRADING PLANS for MON. 6/3/24 For the last few weeks, the positional bias published in our trading plans has been: “It takes a daily close below 5200 for the models to turn bearish”. Friday’s PCE-driven whipsaw move saw the index briefly breach the 5200 level – printing 5191.68 as the session (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 5/31/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 5/30/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 5/29/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
S&P 500 INDEX MODEL TRADING PLANS for TUE. 5/28/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
S&P 500 INDEX MODEL TRADING PLANS for FRI. 5/24/24 Our trading plan published on Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Wednesday’s post-session blowout earnings from Nvidia briefly drove the markets into a euphoric frenzy coupled (more…)
S&P 500 INDEX MODEL TRADING PLANS for THU. 5/23/24 Our last trading plan, published yesterday, Wed. 5/22/24, stated: “The new record high did indeed come, but the clarity of whether the move up is sustainable or not is yet to emerge”. Yesterday’s post-session blowout earnings from Nvidia are driving the markets into a euphoric frenzy (more…)
