Market update 9.14.24

This week’s market movements were unusually fast compared to our traditional entry cycles. In last week's post, we anticipated sideways or choppy trading as the market prepared for the next bullish wave, which we expected to coincide with the FOMC rate cut next week. However, the market swiftly moved through the consolidation phase, with SPY up 4% week-over-week and QQQ nearly 6%.

Our model's signals triggered an entry window on Thursday, which closed quickly by Friday—an uncommon occurrence. This rapid shift raises concerns that an underlying factor could trigger a quick sell-off.

As of Friday's close, our model indicates a moderate pace of bullish movement in the coming week. We will monitor the situation closely and set tight stops on our leveraged positions.