Markets ability to rally yesterday afternoon after a late morning sell off is encouraging. Any test of ETH Low could provide direction for the day. Level to watch 4262 --- 4260 Reports to watch: US: New Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/19 This week marks the beginning of the peak of Q3 earnings season, and a potential inflection points in the geopolitical risks with signs of potential ground operations to begin by Israel in Gaza. Geopolitical risks, high interest rates, sticky inflation, extremely strong jobs market, early signs of consumers...
Last several days S&P 500 has been trading sideways since bouncing off its 200 DMA. Any test of yesterday's Low could provide direction for the day. Level to watch: 4382 --- 4384 Report to watch: US: Beige Book 2:00 PM ET
S&P 500 INDEX MODEL TRADING PLANS for FRI. 10/13 Today marks the kick off of the Q3 earnings season, and a potential inflection points in the geopolitical risks with signs of potential ground operations to begin by Israel in Gaza. Geopolitical risks, high interest rates, sticky inflation - reiterated by this morning's CPI numbers, extremely strong jobs market,...
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/12 Geopolitical risks, high interest rates, sticky inflation - reiterated by this morning's CPI numbers, extremely strong jobs market, early signs of consumers beginning to scale back...yet, retail bullish positioning has increased this week again. Is this Fools rushing in where Angels fear to tread or retail...
S&P 500 INDEX MODEL TRADING PLANS for WED. 10/11 Geopolitical risks, high interest rates, sticky inflation, extremely strong jobs market, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball...
Equities have rallied for three straight days in a row. Any test of yesterday's High could provide direction for the day. Level to watch: 4302 --- 4304 Report to watch: US:FOMC Minutes 2:00 PM ET
S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/10 Geopolitical risks, high interest rates, sticky inflation, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball into the future that...
S&P 500 INDEX MODEL TRADING PLANS for MON. 10/09 The geopolitical tensions with the attacks on Israel could be the main drivers of the market today and for the rest of the week. As we published in our trading plans on Thu. 10/05: "With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 10/06 As we published in our trading plans yesterday, Thu. 10/05: "With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of the Job market". This morning's much stronger than...
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/05 With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of the Job market. Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top...
After a rally yesterday, equity markets are trading lower again this morning. Any test of ETH session Low could provide direction for the day. Level to watch : 4275 --- 4277 Report to watch: US:EIA Natural Gas Report 10:30 AM ET
S&P 500 INDEX MODEL TRADING PLANS for WED. 10/04 The lower-than-expected ADP numbers seem to be giving some hope that the bad news could soften the rising yields and the Fed going forward. The yields have already retreated this morning, and the index is trying to find a floor and rebound. Since our published trading plans two weeks ago pointing out that week's...
S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/03 Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4310 as the level to close above for the current bearish bias to be negated. The "higher for longer" monetary policy is yet to begin...
S&P 500 INDEX MODEL TRADING PLANS for MON. 10/02 Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4320 as the level to close above for the current bearish bias to be negated. This morning, the index is attempting to test the 4320...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 09/29 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. This morning, the index is attempting to test the 4340 level....
S&P 500 INDEX MODEL TRADING PLANS for THU. 09/28 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. Until the 4300 handle is regained, there is no indication of...
S&P 500 INDEX MODEL TRADING PLANS for WED. 09/27 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. Until the 4300 handle is regained, there is no indication of...