Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Tues, 07/10” – please check back later (usually published around 9:30pm/10:00pm EDT on Mon). S&P 500 TODAY – MON 07/09 THE GIST (“THE WHAT”) Extending last week’s optimism and rallying strongly for the third straight day, the S&P 500 index opened with significant gains as (more…)
Following our last INTRADAY UPDATE this morning around 11am EDT, the S&P 500 Index moved even higher and reached a session high of 2783.68 – thus approaching the 2775-85 level that we mentioned in our forecast. (click here for the forecast/trading plan)The trailing stops our models instituted have accordingly adjusted the stop trigger higher: now (more…)
We have recently decided to publish the “WHAT and HOW” series of articles after receiving queries about some of the terms we routinely use in our forecasts and trading plans. While we intend to help the readers who may not be familiar with the various trading related terms and concepts and tools/order types, we encourage (more…)
In the trading plan for today – published last night – you read: “If the current long is intact and if the index rises above 2770, put a trailing stop for 12 points and let the position ride or the stop get hit for a profit.” (click here for the full report)Within less than an hour (more…)
Bulls Got Bolder and Prevailed into the Last Weekend! Bears only Hope is a Geopolitical Event? On Friday, the S&P 500 Index broke out of the 2735-45 range that we referred to in the forecasts for the last four days and triggered long (bought) positions by both our Medium-term and Intraday/Aggressive models, as alerted to (more…)
