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TRADERSAI - A.I. Powered Model Trades for Today, FRI 07/26Earnings Earnings Everywhere...And a Lot of Profits to Rejoice With the busiest day of the earnings season showing off some strong earnings, investors appear to be impressed and bidding the markets up this morning. As we have been writing this week, unless some major negative headline or narrative hits the wires, expect no bearish sentiment to sweep the markets.  If you are a bear or leaning to the bear side, it would be prudent to confirm the weakness on the bulls' part before taking on short side bets. As of now, our models do not see any such weakness, yet. The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Mueller #Rates #Earnings
SP:SPX
by TradersAIDotCom
1
TRADERSAI - A.I. Powered Model Trades for Today, THU 07/25Earnings, Earnings Everywhere... With the Mueller testimony in the rear view mirror, markets to shift focus onto earnings announcements today (barring any major, unexpected developments elsewhere).  Many analysts and research firms are cautioning about the lofty valuations and the potentially dwindling earnings growth. While such headlines may appear tempting for the bears itching to initiate new shorts, remember that markets can stay wrong far longer than you can stay liquid with a position on the wrong side of the market. It would be prudent to confirm the weakness on the bulls' part before taking on short side bets. As of now, our models do not see any such weakness, yet. The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Mueller #Rates #Earnings
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, WED 07/24Trump Trumps Mueller or Vice Versa? That is The Question Today! Markets are likely going to be fixated on Mueller's testimony today and be stuck in a tight range until it is over. Which way the markets would break out would depend on the question of the day: Would Mueller Trump Trump or Trump Would Trump Mueller? We do not know the answer and no one does. We all have to wait and let the time reveal the answer. The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
1
TRADERSAI - A.I. Powered Model Trades for TUE 07/23 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: One long opened at 2990 and carried through the end of session and into the next session with its 9-point trailing stop anchored at 2996.90. Aggressive, Intraday Models: Lead to +13.00 index points in gains on one long. THE DETAILS: For the trade-by-trade details with time stamps, please check out the article on our website (not allowed to post links here). IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO): (i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to. (ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style. (iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/23Rates, Trump, Earnings: Earnings the Starting Theme for Today Markets are getting a positive push from the earnings this morning. Our models indicate sustained bullish moves and/or bullish consolidation until/unless some strong and unexpected negative developments show up in the earnings arena or on the interest rates front (or, on the geopolitical sphere). The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, MON 07/22Rates Trump Earnings or Rates, Trump, and Earnings? As the earnings season is kicking into gear, the talk of impending economic slowdown and the calls for rate cuts (as deep as 50 basis points) are morphing from a background noise to a clamor. History shows that the interest rates trump the earnings weakness or any other market fundamentals. And, that there are a lot of political factors that actually drive the interest rates decisions (instead of, and/or in addition to, economic factors). This time around also, whether rates trump earnings or not, the next few weeks are going to be all about Rates, Trump, and Earnings. Regardless of your views or analyses, do not forget to account for those three factors in your trading strategies...especially if you are leaning towards betting on shorting the market. Despite Friday's pullback, it stopped right at key support levels and unless the 20DMA and a couple of other supports are broken down, the market is still NOT showing any bearish bias, even slightly. Read the full article on our website for our models' trading plans for the day.  The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for FRI 07/19 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: One short opened at 2996 and is being carried into the next session. 9-point trailing stop anchored at 2985.61. Aggressive, Intraday Models: Lead to +29.40 index points in gains on four shorts and three longs. THE DETAILS: For the trade-by-trade details with time stamps, please check out the article on our website. IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO): (i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to. (ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style. (iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for THU 07/18Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: One short opened yesterday got stopped out, leading to +12.00 index points in gains. Aggressive, Intraday Models: Lead to -1.90 index points in losses on two shorts and one long. THE DETAILS: For the trade-by-trade details with time stamps, please check out the article on our website. IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO): (i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to. (ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style. (iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, THU 07/18No Bull, No Bear...Goldilocks Forever? As we wrote as the theme for the Markets this week, stocks continue to be driven by earnings related headlines (Netflix, anyone?), but the market action's underpinnings point to technicals at a dominant role rather than fundamentals...for now.   To avoid subjective knee jerk stands about the markets driving your trading decisions, try to use objective/quantitative analyses to help you navigate these markets. The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for WED 07/19 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: One short opened at 2998, and is being carried to the next session. Aggressive, Intraday Models: Lead to +5.00 index points in gains on one short. THE DETAILS: For the trade-by-trade details with time stamps, please check out on our site (not allowed to post the link here)
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, WED 07/17Complacency or Consolidation? Markets to continue to be driven by - or, appear to be - earnings related headlines but the market action's underpinnings point to technicals rather than fundamentals...for now.   The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for TUE 07/16 - OUTCOMESResults of our models' trading plans, published Friday morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: Open long stopped out for a loss of 7.98 index points. Aggressive, Intraday Models: Lead to -3.88 index points in losses on a total of seven trades (four long and three shorts). THE DETAILS: For the trade-by-trade details with time stamps, please check the article on our website. IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO): (i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to. (ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style. (iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, MON 07/15Earnings Headlines to Drive the Markets In the absence of major, unexpected geopolitical headlines (China's slowing growth has been expected, old news), markets seem to be set to focus on the earnings headlines for today. And, those headlines look to be on the side of the bulls as of this morning. As we wrote on Friday's outlook, let not your sense of "can this keep going up?" color your trading strategies - instead, focus on the trend and the momentum, and be on their side until something else evidently drives the markets.    The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, FRI 07/12How Long Can this Ride Last? That's Not the Right Question! As we wrote yesterday morning's outlook, trying to justify what our "gut" "feeling" says what "should or should not be" happening in the markets is NOT what one should do to invest or trade in the markets. Yet, most individual investors/traders are known to do exactly that! If you find yourself pounding the table about what should not be the case or should be the case, it will serve you well to ponder this.  Rather than trying to predict what might happen in the future (whether it be next year, next month, next week, tomorrow, or next hour), most professionals' trading relies heavily on "evidence" of what "is" happening in the market and run with it. And, most of the times, what "is" is not necessarily what might be obvious or might exactly be what is wide open and obvious. Quant models help us confirm that exact "evidence"! The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Yields
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, WED 07/10It's All About the Monetary Policy Today! The equity index futures are up with the release of Powell's prepared testimony, and seem to be celebrating a potential confirmation that the fed would be cutting the rates in its July meeting - which was being already factored in with a 100% probability in the derivatives markets!  Expect the markets to parse the language of the testimony and what else Powell might say during his time speaking on the Capitol Hill. And, expect spikes in either direction on the heels of knee-jerk trading reactions to such key words/headlines throughout the day. The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. 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) The results of these indicated trades would vary widely depending on the timeframe you use (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) 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. #ES #SP500 #SPX #SPY #Fed #Powell #Testimony
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/09Despite Powell, No Major Theme Moving the Markets The absence of the constant barrage of hype and market propping antics by various parties with vested interests - both at the geopolitical level and on the domestic monetary policy level - seems to prevail into today's session, despite Powell's scheduled testimony today. Call it hype-fatigue? Check out our site for the trading plans indicated for today by our models, with clear entry and exit points. Good luck with your trading today! #ES #SP500 #SPX #SPY #Fed #Record #Yields
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for FRI 07/05 - OUTCOMESResults of our models' trading plans for Friday, 07/05/2019 - published in the morning - are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: The models' trades lead to a gain of 16.25 index points on one open long position carried from Tuesday, 07/02. Aggressive, Intraday Models: Lead to a gain of 6.04 index points on four trades - three short and one long. THE DETAILS: For the trade-by-trade details with time stamps, please check out our site (not able to post the link here)
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, FRI 07/05Jobs Numbers, Options Expiration, Thin Liquidity  Today's Jobs number is not supportive of imminent interest rate cuts. It being Friday, options expiration levels would also pull the market in various ways. And, most professionals may be taking a long weekend, leading to thin liquidity. Together, these factors could be making for a choppy market today.   The chart depicts the our A.I. Powered Models' trading plans for the day. Please check on our site for a detailed plan, with clear entry and exit points. Tread carefully in these thin markets! Have a great weekend ahead! #ES #SP500 #SPX #SPY #Fed #Record #Yields #Holiday #Jobs
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for WED 07/03 - OUTCOMESResults of our models' trading plans for the day - published in the morning - are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: The open long (from Tue, 07/02 - opened at 2968) with a 10-point trailing stop survived the session and is being carried into the next session (Fri, 07/05). The trailing stop is currently anchored at 2985.84.   Aggressive, Intraday Models: Lead to a gain of 14.80 index points on one long trade.  THE DETAILS (HOW, WHY, and WHEN of each trade triggered): Check out on our site for the details of each trade opened and/or closed. tradersai dotcom/results-of-model-trades-for-wed-07-03/ #ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
SP:SPX
by TradersAIDotCom
1
TRADERSAI - A.I. Powered Model Trades for TUE 07/02 - OUTCOMESAfter sitting out the markets for the last few sessions, both our medium-frequency and aggressive intraday models have made trades today. Results of our models' trading plans for the day - published in the morning - are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: The models' trades lead to a loss of 8.80 index points on one long position. Models are also carrying one open long into the next session with a 10-pt trailing stop trigger anchored at 2963.20.   Aggressive, Intraday Models: Lead to a gain of 19.20 index points on eight trades - four long and four short.  Please check the article on our site for trade-by-trade details - with the time of each trade triggered (unable to post the link here). #ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
SP:SPX
by TradersAIDotCom
1
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/02The Market Fireworks - Enjoy While It Lasts While it is an open question whether we got a trade war resolution, it is being celebrated with spectacular fireworks (for now). Enjoy the show (for now) and trade/tread safely. The chart depicts the levels of the Model Trades' entry and exit points we published this morning. Your results will vary depending on the resolution of the timeframe you are using, and the trailing stop levels you use, the quality of your broker's execution etc. #ES #SP500 #SPX #SPY
SP:SPX
by TradersAIDotCom
1
TRADERSAI - A.I. Powered Model Trades - INTRADAY UPDATE- 07/01The gap up at the open - which we referred to in our morning trading plans - is on its way to getting filled...sooner or later. Market action after that will tell the real story of the near term directional bias. Until then, it is just noise and artificial manipulation (the "first of the month" effect as we mentioned many times in our daily forecasts). Stay clear of buying into the hype! Thinking of protecting your money and/or hedging your exposure, before dreaming of multiplying it! Patience is a virtue - in trading it is more of a necessity! Stay safe and don't get trapped in either direction. Wait for clarity to emerge in the market action.
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, MON 07/01Almost every major financial news media outlet predicted the outcome of a thin-on-details "truce" on further tariffs than any substantive progress towards an agreement or a resolution to the trade war. And, yet, the overnight futures action is exuberant and indicating significant gap up in S&P 500 Index on the open. It is highly improbable that this bidding up is coming from any institutional or smart money. When mom-and-pop individual investors seem to be leading a market move, it always ends up badly for them. Our models are not buying into the current pop in the overnight index futures and are in an indeterminate state and are staying out of the markets for the day.  Don't fret over missed potential profits - first, pay attention to hedging/minimizing the potential losses! The risk-reward profile at this level does not appear to justify jumping into these turbulent and murky waters. Let the close today guide your further assessment of the market. Good luck with your trading this week!
SP:SPX
by TradersAIDotCom