The trailing stop mentioned in earlier Intraday Alert is now hit on the long, and profits are booked at 2030.50. That’s a ten point profit on a long trade set up based on yesterday’s bearish market action. Not bad for our models’ performance!  If you have been following the forecasts and trading based off of (more…)

A grateful reader reached out pointing out to these words from our forecast published last night: “Bulls have to push the index into the 2730-35 region and clear above 2740 to keep the bullish move going, failing which would weaken the bulls again.”And, pointing to the fact that the market has actually penetrated exactly that (more…)

Short term traders who followed our trading plan for today – published last night – would have bought the market (e-mini Futures #ES or the ETF #SPY) on SPX crossing above 2720. If so, they are sitting on decent profits within a couple of hours. Models indicate placing a trailing stop of 5 points at (more…)