Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for WED 06/20” – please check back later (usually published between around 10:30pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) Down for the fifth straight day, the S&P 500 index extended Monday’s sell-off as fears of a fully blown trade war between the world’s two (more…)
After taking out the 2760 key level in the overnight futures markets, S&P 500 Index has tested another key level today – the 2740 that we have been reiterating for 12 straight days in a row! Today, the index approached that level with the session low (so far, as of 10:52am EDT) registered at 2743.19 (more…)
Tug-of-War Along Our Proprietary Key Levels – Week-2, Day-2? To put the “Tug-of-war” into perspective, consider this statistic: In the last ten years (since 2008/06/14), S&P 500 closed within Monday’s 5.91 points range ONLY 68 times out of 2,517 trading sessions! That is, just 2.7% of the times!! That’s how rare Monday’s close is, and (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for TUE 06/19″ – please check back later (usually published between 8:30pm EDT and 10:30pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened significantly lower, extending Friday’s losses as trade war concerns escalated after China retaliated with tariffs on U.S. imports (more…)
S&P 500 Index registered a low of 2757.12 – just about 3 points below the proprietary level of 2760 that we mentioned in our forecast published last night – before rising above that level (currently at 2769.11, as of 11:58am EDT). Our models indicate this as potential low for the rest of the session. Intraday (more…)
Tug of War Along Our Proprietary Key Levels In spite of the major geopolitical news headlines (North Korea-US Summit, Fed Interest Rates decision, European Central Bank Interest Rates decision), last week has NOT seen much movement in the S&P 500 Index at all – despite what occasional peek at financial media headlines might have you (more…)
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…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for tomorrow” – please check back later (usually published around 10pm-1030pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened with significant gains as investors cheered at the stronger-than-expected economic data. ECB’s policy decision announcement on Thursday to keep their interest rates (more…)
