S&P 500 INDEX MODEL TRADING PLANS for WED. 08/02 As we published in our earlier trading plans: "The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it...
Here is a quote from Warren Buffett: "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Any test of ETH session Low could provide direction for the day. Level to watch : 4568 --- 4566 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/01 The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes. Earnings...
S&P 500 INDEX MODEL TRADING PLANS for MON. 07/31 The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes. Earnings...
Recap In the past week, the markets have shown a series of traps and failed breakouts/breakdowns, with a significant bear trap occurring last Thursday. The ES sold 75 points, only to bounce back, demonstrating the biggest bear trap in 2 months. The 4608 level has been resistance for a full week, tested 4 times with one failed breakout. Markets Overnight 🌏 Asia:...
Finally I got the courage to publish it... There I said it! :D
S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/28 In our trading plans yesterday, we published: "The risk continues to be to the downside, so longs might want to be cautious; however, bears have to wait for their opportunity strike and not jump the gun". There was a little pull back - bears should not rejoice, yet. The question on everybody's mind - whether they...
S&P 500 INDEX MODEL TRADING PLANS for THU. 07/27 Almost as everyone and their grandmother predicted, the FOMC hiked another 25 basis points. With the FOMC faded into the background, earnings stories would continue to set the market tone until they begin to feel the bull run fatigue setting in. The risk continues to be to the downside, so longs might want to be...
S&P 500 INDEX MODEL TRADING PLANS for WED. 07/26 With a quarter-point rate increase almost a given, today's FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. Only some unexpectedly negative revelations/indications from Chair Powell today could influence the markets - otherwise, the FOMC release and the presser could...
So far this week, markets sold off during ETH session to rally during RTH session. Any test of yesterday's Low could provide direction for the day. Level to watch: 4581 --- 4583 Reports to watch: US: New Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US: Fed Chair Press Conference 2:30 PM ET
S&P 500 INDEX MODEL TRADING PLANS for MON. 07/24 With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. This week's earnings should shed some light on how the markets are shaping up in the wake of the sticky inflation. Earnings so far this season indicate strong...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/21 Today being the Triple Witching Friday would likely lead to artificial spikes in either direction, leading to a choppy market action. Unless you are a professional trader or a long term positional trader, you might want to sit out today's market volatility. This week's earnings should shed some light on how the...
S&P 500 INDEX MODEL TRADING PLANS for THU. 07/20 Market action since yesterday's close indicate the potential for the "Irrational Exuberance" prevailing for the last few months could begin to settle down to economic realities ("potential", and "could" are the operative words there). This week's earnings should shed some light on how the markets are shaping up in...
S&P 500 INDEX MODEL TRADING PLANS for WED. 07/19 This week's earnings should shed some light on how the markets are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. Early earnings so far indicate strong...
It seems that Bulls are in control so far as earnings are being reported. Any test of yesterday's Close could provide direction for the day. Level to watch : 4585 --- 4587 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
S&P 500 INDEX MODEL TRADING PLANS for MON. 07/17 The big banks have kickstarted the earnings season last Friday with JP Morgan and Wells Fargo, and are going to gain steam this week with other big names in Finance and Tech. This week should shed some light on how earnings are shaping up in the wake of the sticky inflation. With a quarter-point rate increase...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/14 The big banks have kickstarted the earnings season with JP Morgan and Wells Fargo numbers coming in strong. Next week will give more insights into how earnings are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and...
S&P 500 INDEX MODEL TRADING PLANS for THU. 07/13 The softer than expected PPI on the top of yesterday's softer inflation numbers are likely going to stoke the "Half Full, Half Empty" debate to a higher pitch. The die-hard bulls would like to see it as an indication of the coveted "soft landing", while the die-hard bears would like to cast this as an indication of...