MT Market Model (13 May’20)

The DJIA falls more than 2% after Powell said the economic outlook remains highly uncertain and that further stimulus could be needed to support the economy’s recovery from the coronavirus shutdowns. All S&P 500 sectors declined with energy shares dropping over 4.3% and financial stocks losing around 3%. Inflation data came in historically weak for a second straight day with the producer-price index posting its largest decrease on record in April.

Short-term ES Model (12 May’20)

The purpose of the Short-term (ST) ES Model is to provide SHORT and LONG signals on ES mini futures based on the momentum indicators (2h charts). These signals can be used for the day and swing short-term trading (1-3 days) as well as serve as early warning signs of the Medium-Term (MT) Market Model potential reversals.

Short-term ES Model (11 May’20)

The purpose of the Short-term (ST) ES Model is to provide SHORT and LONG signals on ES mini futures based on the momentum indicators (2h charts). These signals can be used for the day and swing short-term trading (1-3 days) as well as serve as early warning signs of the Medium-Term (MT) Market Model potential reversals.

MT Market Model (11 May’20)

US stocks end mixed, while strong gains by tech giants help the Nasdaq to continue to outperform. American Express is the worst performing Dow stock, and financials are the weakest S&P sector on continued concerns about the depth of the economic downturn and the amount of time it will take to return business from the coronavirus restrictions.

MT Market Model (7 May’20)

Initial jobless claims for the week ended May 2 came in at 3.2 million, with total applications since mid-March surpassing 33 million. Despite this fact, the Nasdaq closed Thursday in positive territory for 2020 for the first time in two months, clawing back much of its losses since the coronavirus pandemic began rattling the U.S. stock market.of new claims each week has steadily fallen since surpassing 6 million in the last week of March.

MT Market Model (6 May’20)

The S&P 500 and Dow Jones edged lower in a choppy trading session Wednesday, as investors continued to try to untangle data and corporate earnings to determine what the economy might look like in the months ahead. After opening modestly higher, the indexes flitted between small gains and losses throughout most of the day. The declines accelerated in the final hour of the session.