Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Mon 06/18” S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened with a bearish sentiment as trade war concerns between the world’s two largest economic powers escalated after the Trump administration imposed tariffs on Chinese imports worth $50 billion, with China vowing (more…)
S&P 500 Index Trading Position Alert As per our forecast and trading plans published last night, here are our model positions: Medium-term investing Models: Flat (no positions) – no trades entered or exited today. Intraday, Aggressive, Short-term Models: Went short on the break below of 2775, and covered for profit on the rebound from the (more…)
Continuation of Back To Basics? With all the major known geopolitical risks and events out of the way, including Thursday morning’s ECB interest rate decision, it is likely that investors would begin to focus on the BASICS – Profit, Loss, and Risk. Friday morning, there is one important economic release – University of Michigan Consumer (more…)
