It’s a dogfight between the bull and the bear! No bear territory yet! If all the headline news and the market buzz have you feel that the markets are tanking and you wish you sold all your holdings, you are probably not alone! Nor are you particularly to be blamed for feeling overwhelmingly negative, since (more…)
S&P 500 THE GIST (The “What”): The index failed to hold on to its key support level of 100 DMA (now at 2710.25) for the second time this week,reaching the day’s low at 2700.68. Led by Industrials and Consumer Staples, the index closed a volatile trading day near session lows at 2705.27 (down 18.74 points), losing (more…)
S&P 500 INTRADAY ALERT – Position Update – PROFIT TARGET HIT: As mentioned in our INTRADY update just an hour back: “– Intraday, aggressive Models are currently short at 2714, with a stop at 2718 and a target of 2708.”The profit tartget is just filled a few minutes back (on e-mini futures, ES) at 2708 and (more…)
From our trading plan for today – published last night: (1) “Aggressive, intraday models indicate trading from the long side while above 2725 and from the short side while below 2715 with tight stops (as small as 5 to 10 points). Stay flat between 2725 and 2715 (if not already long from this morning).” – Intraday, aggressive Models are currently short at 2714, with a stop at 2718 (more…)
S&P 500 THE GIST (The “What”): Pushing global political and trade war concerns aside for now, the index rebounded as global equity markets stabilized after Tuesday’s sell-off as investors flocked to safe haven assets following Italy’s political chaos during the U.S. Memorial weekend. Opening with gains and moving convincingly above the 100 DMA (now at 2710.63), (more…)
