TRADERSAI - A.I. Powered Model Trades for Today, MON 07/01

Almost 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!