This tug-of-war, we witnessed just a couple of weeks ago! The market action today has been almost the flipped version of it from yesterday (especially so if you consider the e-mini futures market as well). The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more (more…)
(1) You read it here, in our outlook published last night: – “Stay flat between 2683 and 2705.” (aggressive, short term traders)– “Models indicate no short bias until below 2675.” (medium term investors)So, whether you consider yourself a medium term investor or an aggressive, short term trader, you would NOT have sold short the market today, and hopefully avoided losses on any such (more…)
S&P 500 testing the KEY level of 2715 mentioned in our SP500 outlook published last night (current high for the day registered two points beyond, at 2717.26 with the index currently at 2714.93 @ 1125am EDT). If the index closes above 2705 today, it will negate yesterday’s bear push and point to it as a (more…)
Traders AI – Powered by Artificial Intelligence AND Driven by Natural Wisdom. Good morning! There are a bunch of economic releases scheduled for 0830am EDT: – US GDP Annualized Quarter-over-Quarter– US GDP Price Index– US Advance Goods Trade Balance– US Wholesale Inventories– US Personal Consumption– US Core PCE Expect a lot of whipsaws around these (more…)
