Trading Plans for TUE. 9/17/24 – Visions (or, Pipedreams?) of Soft Landing and Goldilocks…
Last week’s CPI and PPI data seem to be adding to the most recent non-farm payrolls data in ramping up further the hopes of a Goldilocks scenario to continue on and of a successful soft landing from the Fed.
As of Wed, 9/11/24, after closing out a short position with 70 points gain, our positional models went flat and remain so until otherwise published. Our positional models indicate that the markets are in an indeterminate state and any near-term directionality is unclear.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models are in an indeterminate state – no trading plans for today.
By definition the intraday models do not hold any positions overnight – the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform’s bar timing convention), unless otherwise specified.
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) – depending on your risk tolerance and trading style – to determine the signals.
NOTES – HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker’s execution, any slippages, your trading commissions and many other factors.
(iii) For the execution of our models trading plans, a “break above/below” is deemed to have occurred when the index closes above/below (if you are trading by bar close) a specified trading level.
(iv) For the trades to trigger, the breaks should occur during the regular session hours starting at 9:30am ET. By design, they carry only one open position at any given time.
(v) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance – USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.