Bulls Weak But Not Out! Can Bears Step Up Their Attack? S&P 500 Index witnessing a dog-fight between the bulls and the bears with alternate losses to each side in the last two days. The action today was almost a mirror image of the action yesterday – the index broke through strong support levels to (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Friday, 06/29” – please check back later (usually published around 9:30pm/10:00pm EDT on Thursday). S&P 500 TODAY – THURSDAY 06/28 THE GIST (“THE WHAT”) The S&P 500 index rebounded from Wednesday’s broad-based sell-off as Technology and Financials stocks gained lost ground in the afternoon session. (more…)
INTRADAY ALERT 2 – THU – MODEL POSITIONS UPDATE In the INTRADAY ALERT published this morning at 9:33am EDT, you read: “The range of 2695-2705 could attract the most action, but 2690-2715 should be used to initiate any new positions in either direction.” (click here for the full report of the ALERT)Our Models are now (more…)
INTRADAY ALERT – THU – S&P 500 TESTED KEY LEVELS As per the trading plans published last night for Thursday’s markets: Both of our medium-term and short-term/intraday models are currently flat (no positions) and are monitoring for potential break below 2690. The S&P 500 Futures market has tested this level by printing the overnight session (more…)
